Convenience Store with Equipped
839 NEW HOPE CEDAR POINT RD, New Hope, AL 35760
For Sale
$650,000
Commercial Sale, NEW HOPE, AL
Property Size3,240 SF
Lot Size0.52 Acres
Price / SF$200.62
Days on Market229
Property Features for 839 NEW HOPE CEDAR POINT RD
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Window features
Exterior features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
fully equipped kitchen
coolers
exterior storage areas
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
Re/Max Guntersville
(256) 582-5585
Listed By:
Maximus Brandon · License AL #157893
(256) 706-6591
Added: Mar 28
Changed: Oct 31
Last Checked: Nov 11 at 1:06PM
MLS# 21913535
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Investment Insights
Based on property information with market context.
This 3,240-square-foot convenience store occupies a 0.52-acre parcel and has block construction, concrete flooring, central heating and central air. The remodeled interior provides a retail sales layout with display areas, while exterior storage accommodates bulk items. A fully equipped kitchen is set up for breakfast service and Hunt Brothers Pizza, and the store has multiple coolers with established beer and alcohol sales.
The site is at an intersection in New Hope, about 20 minutes from Huntsville. Its large parking area has ingress and egress from multiple directions. Built in 1947, the property also has public water and exterior lighting.
The site is at an intersection in New Hope, about 20 minutes from Huntsville. Its large parking area has ingress and egress from multiple directions. Built in 1947, the property also has public water and exterior lighting.
Key Highlights
- 3,240 square feet on a 0.52‑acre parcel
- Remodeled retail interior with display space
- Equipped kitchen set up for breakfast service and Hunt Brothers Pizza
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,256
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,120
$905.1K
Cap Rate 7%
$646,514
$646.5K
Cap Rate 9%
$502,844
$502.8K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$62.2K $19.20/SF
− Vacancy
−$1.9K −$0.58/SF
EGI
$60.3K $18.62/SF
− OpEx
−$15.1K −$4.66/SF
NOI
$45.3K $13.97/SF
Area
Madison County, AL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,120
Cap Rate 7%
$646,514
Cap Rate 9%
$502,844
Alternative Uses
Best Use
Specialty Retail
$646.5K
$565.7K – $754.3K
NOI $45,256 @ 7.0% cap · market cap 6.96%
Second Best
Retail
$565.7K
$495.0K – $660.0K
NOI $39,599 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$843.7K
$738.2K – $984.3K
NOI $59,059 @ 7.0% cap · market cap 9.09%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35760, AL
5,186
Population
1,935
Households
2.7
Avg Household Size
42
Median Age
28%
College-Educated
90%
High-School Grad
50.7 sq mi
ZIP Area
102
Density / Sq Mi
$66,346
Median Household Income
$50,711
Median Earnings
$790
Median Rent
$164,500
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
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A remodeled retail layout includes display space, exterior storage, and a large parking area with access from multiple directions.
Where is this grocery and convenience store located?
The property is located at 839 NEW HOPE CEDAR POINT RD New Hope, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,240 square feet on a 0.52‑acre parcel; Remodeled retail interior with display space; Equipped kitchen set up for breakfast service and Hunt Brothers Pizza
