Equipped Salon & Wellness
New
For Sale
$145,000
815 Dozier Ave, Prattville, AL 36067
B-1 zoning supports neighborhood business use with on-site parking and ramp access.
Property Size888 SF
Lot Size0.30 Acres
Price / SF$163.29
Days on Market3
Property Features for 815 Dozier Ave
General Information
Standard status
Active
Size
888 SF
Lot size
0.30 Acres
Property subtype
Retail
Zoning
B-1
Amenities
ample parking
inviting exterior
ramp access for disabled individuals
kitchenette
washer and dryer
bathroom
private bonus room
Building Details
Building Size
888 SF
Year Built
1942
Buildings
1
Tenancy
Single
Listing Agency:
Hodges Commercial Real Estate
Listed By:
Paul Hodges · License #28068
(334) 495-8888
Source:
Hodgescommercialrealestate
Added: Sep 16
Last Checked: Sep 16 at 3:05PM
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 Hodges Commercial Real Estate
Investment Insights
Based on property information with market context.
This 888 +/- SF salon property occupies a 0.30 +/- acre lot at 815 Dozier Ave. in Prattville, Alabama. Built in 1942 and zoned B-1 for neighborhood business use, the property is currently operating as Stirling Hair & Style. The sale includes salon equipment and furnishings, along with a kitchenette, washer and dryer, bathroom, and private bonus room.
The bonus room can accommodate bridal, prom, dressing, and professional photography appointments, as well as services such as lashes, tanning, red light therapy, or massage. The primary salon area supports hair, brow, coloring, and cutting services. Ample on-site parking and ramp access for disabled individuals are also included.
The bonus room can accommodate bridal, prom, dressing, and professional photography appointments, as well as services such as lashes, tanning, red light therapy, or massage. The primary salon area supports hair, brow, coloring, and cutting services. Ample on-site parking and ramp access for disabled individuals are also included.
Key Highlights
- 888 +/- SF salon building on a 0.30 +/- acre lot
- B‑1 zoning with permitted neighborhood business use
- Equipment and furnishings included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,160
$197.2K
Cap Rate 7%
$140,829
$140.8K
Cap Rate 9%
$109,533
$109.5K
Market Conditions
NOI Build-Up for 888 SF
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.
Gross rent
$14.9K $16.80/SF
− Vacancy
−$835 −$0.94/SF
EGI
$14.1K $15.86/SF
− OpEx
−$4.2K −$4.76/SF
NOI
$9.9K $11.10/SF
Area
Autauga County, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,160
Cap Rate 7%
$140,829
Cap Rate 9%
$109,533
Alternative Uses
Best Use
Retail
$140.8K
$123.2K – $164.3K
NOI $9,858 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$184.1K
$161.1K – $214.8K
NOI $12,889 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36067, AL
27,534
Population
11,481
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
87%
High-School Grad
244.3 sq mi
ZIP Area
113
Density / Sq Mi
$64,837
Median Household Income
$37,903
Median Earnings
$985
Median Rent
$180,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - B-1 zoning supports neighborhood business use with on-site parking and ramp access.
Where is this spa & wellness property located?
The property is located at 815 Dozier Ave Prattville, AL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 888 +/- SF salon building on a 0.30 +/- acre lot; B‑1 zoning with permitted neighborhood business use; Equipment and furnishings included with the sale
