Two-Building Retail
8111 Highway 119 Alabaster, AL 35007
8111 Highway 119, Alabaster, AL, 35007
Contact for pricing
For Sale
Contact for pricing
Retail property with a 3,500-square-foot building featuring two retail spaces plus a secondary building with overhead and man doors.
Property Size3,500 SF
Price / SF$142.86
Days on Market153
Property Features for 8111 Highway 119
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Alabama Auctioneering DBA Pearce & Associates
(205) 664-4300
Listed by
Chip Pearce
Source
Crexi
Added: Feb 19 Updated: Jul 21 at 8:59PM Checked: Jul 22 at 5:58AM
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 Alabama Auctioneering DBA Pearce & Associates
Investment Insights
Based on property information with market context.
This for-sale retail property includes a 3,500-square-foot building with two retail locations. The space was last used as an antique store and a beauty shop, and it has previously been configured as a restaurant. A separate 30 ft x 35 ft building sits behind the main structure and includes both an overhead door and a man door. Contents of the buildings are not included, and any container and equipment on site are excluded.
The offering also includes an additional 1/2 acre lot that adjoins the main property. The seller has noted that equipment and personal property on the additional lot are not included with the land purchase.
Both buildings and the adjoining lot are being sold subject to seller’s acceptance and confirmation of the high bid, with specified bid opening and closing dates, and scheduled inspection windows.
The offering also includes an additional 1/2 acre lot that adjoins the main property. The seller has noted that equipment and personal property on the additional lot are not included with the land purchase.
Both buildings and the adjoining lot are being sold subject to seller’s acceptance and confirmation of the high bid, with specified bid opening and closing dates, and scheduled inspection windows.
Key Highlights
- 3,500 SF retail building featuring (2) separate retail locations
- Secondary 30 ft x 35 ft building behind the main structure
- Second building includes both an overhead door and a man door
Local Financial Insights For 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 | $52.5k | $15.00 |
| − Vacancy | −$5.4k | −$1.55 |
| EGI | $47.1k | $13.46 |
| − OpEx | −$14.1k | −$4.04 |
| NOI | $33.0k | $9.42 |
3,500 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$470.9K
$412.1K – $549.4K
NOI $32,965 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$821.5K
$718.8K – $958.4K
NOI $57,506 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Special Occasions
Wedding Service
Southern Vintage Market
Home Decor Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property with a 3,500-square-foot building featuring two retail spaces plus a secondary building with overhead and man doors.
Where is this retail space located?
The property is located at 8111 Highway 119 Alabaster, 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: 3,500 SF retail building featuring (2) separate retail locations; Secondary 30 ft x 35 ft building behind the main structure; Second building includes both an overhead door and a man door
