803 Old Lee Hwy, Tuscumbia, AL 35674
Four-bay car wash with vacuum stations on two lots.
- Added:
- Oct 25, 2023
- Days on Market:
- 959
- Last Refresh:
- May 13 at 8:37 pm
Property Features for 803 Old Lee Hwy
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2009
Listing agent Joshua Purser
Listing office EXIT Realty Shoals (256) 248-4320
Listing date Oct 25, 2023
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of EXIT Realty Shoals
HighLights
- 4 bay carwash
- Excellent business opportunity
- Road frontage on 2 roads (Old Lee Hwy & Madison)
- 2 vacuum stations
- Two lots being sold together
- Built in 2009
Overview
Local 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 | $14.3k | $10.20 |
| − Vacancy | −$857 | −$0.61 |
| EGI | $13.4k | $9.59 |
| − OpEx | −$3.4k | −$2.40 |
| NOI | $10.1k | $7.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tuscumbia
- County
- Colbert
- State
- Alabama
- Longitude
- -87.717775
- Latitude
- 34.723401
