Grocery and Convenience
New
For Sale
$500,000
802 Highway 72 W, Athens, AL 35611
COMMERCIAL - Athens, AL
Property Size2,500 SF
Price / SF$200
Days on Market2
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
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Park Real Estate
(256) 533-6700
Listed By:
Hong Park · License #40929
(256) 533-6700
Added: Aug 3
Last Checked: Aug 4 at 3:06AM
MLS# 21925456
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Investment Insights
Based on property information with market context.
This 2,500-square-foot grocery and convenience store property features concrete flooring throughout. Public water service and public sewer are available to the property, supporting its commercial configuration.
The property is located at 802 Highway 72 W in Athens, Alabama, within Limestone County. Its location on Highway 72 provides a clearly identified commercial address for prospective operators or users.
The property is located at 802 Highway 72 W in Athens, Alabama, within Limestone County. Its location on Highway 72 provides a clearly identified commercial address for prospective operators or users.
Key Highlights
- 2,500 square feet of commercial property
- Grocery and convenience store classification
- Concrete flooring
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $19.20 |
| − Vacancy | −$1.4k | −$0.58 |
| EGI | $46.6k | $18.62 |
| − OpEx | −$11.6k | −$4.66 |
| NOI | $34.9k | $13.97 |
2,500 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$498.9K
$436.5K – $582.0K
NOI $34,920 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$436.5K
$381.9K – $509.3K
NOI $30,555 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$651.0K
$569.6K – $759.5K
NOI $45,570 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
131k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hometown Grocery — 608 S Jefferson St, Athens, AL 35611
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial property with concrete flooring and connections to public water and sewer systems.
Where is this grocery and convenience store 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 commercial property; Grocery and convenience store classification; Concrete flooring
