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Storefront Property
For Sale
$500,000

802 HIGHWAY 72 W, Athens, AL 35611

Commercial Sale, ATHENS, AL

Property Size2,500 SF
Price / SF$200
Days on Market92

Property Features for 802 HIGHWAY 72 W

General Information

Property type Commercial Sale
Property subtype Other
Directions From Huntsville, go on Hwy 72 W to Athens. After passing Hwy 31, drive 1 more mile or so. The business is on your right.
Standard status Active
Size 2,500 SF

Utilities

Water source Public

Building Details

Floors in Building 1
Flooring type Concrete
Listing Agency: Park Real Estate
Listed By: Hong Park · License #40929
Added: Aug 3 Changed: Oct 29 Last Checked: Nov 2 at 8:06PM
MLS# 21925456

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Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This storefront property contains 2,500 square feet of space, with concrete flooring and public water service. The address is 802 Highway 72 W in Athens, Alabama.

The property is offered for sale. Liquor and vape inventory is excluded from the offering.

Key Highlights

  • 2,500 square feet of storefront space
  • Concrete flooring
  • Public water service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$30,555
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,100 $611.1K
Cap Rate 7%
$436,500 $436.5K
Cap Rate 9%
$339,500 $339.5K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$1.4K −$0.54/SF
EGI
$43.7K $17.46/SF
− OpEx
−$13.1K −$5.24/SF
NOI
$30.6K $12.22/SF
Area
Limestone County, AL
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,100
Cap Rate 7%
$436,500
Cap Rate 9%
$339,500

Alternative Uses

Best Use
Retail
$436.5K
$381.9K – $509.3K (±1% cap)
NOI $30,555 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.0K
$569.6K – $759.5K (±1% cap)
NOI $45,570 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Simplemente Bella Hair Salon Cash Express Loan Service Athens Express Liquor ... (Bike/Boat/Book/etc) Store Tanglez Hair Salon

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

324
Businesses Nearby
131k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 46% Apparel 20% Home Improvements & Furnishings 12% Shops & Services 12%
Tractor Supply Co. Home Improvements & Furnishings
16,064 visits/mo 0.4 miles
Taco Bell Dining
15,795 visits/mo 0.4 miles
Bealls Apparel
15,023 visits/mo 0.3 miles
Big Lots Superstores
12,991 visits/mo 0.3 miles
Arby's Dining
11,288 visits/mo 0.2 miles

Demographics for 35611, AL

27,168
Population
13,709
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
81%
High-School Grad
115.1 sq mi
ZIP Area
236
Density / Sq Mi
$54,606
Median Household Income
$38,872
Median Earnings
$796
Median Rent
$201,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - The 2,500-square-foot space has concrete flooring and a public water source.
Where is this storefront property located?
The property is located at 802 HIGHWAY 72 W Athens, AL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,500 square feet of storefront space; Concrete flooring; Public water service
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Includes: Price & PSF · Cap rate · Location · Zoning

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