Remodeled Convenience Store with
For Sale
$650,000
839 New Hope Cedar Point Rd, New Hope, AL 35760
COMMERCIAL - New Hope, AL
Property Size3,240 SF
Lot Size0.52 Acres
Price / SF$200.62
Days on Market139
Property Features for 839 New Hope Cedar Point Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Oversize, Parking Lot
Window features
Display Window(s)
Exterior features
Lighting, Storage
Accessibility
Accessible Doors
Subdivision
Metes And Bounds
Lot features
Corner Lot, High Visibility
Directions
Heading South On Hwy 431 From Huntsville Turn Left Onto Main Dr Between Citizens And Wavajo, Veer Left Onto College Avenue Before Downtown, Veer Left Onto New Hop Cedar Point Road And Store Is On Corner Of New Hope Cedar Point And Nebo Rd
Standard status
Active
APN
2207360003014.000
Size
3,240 SF
Lot size
0.52 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fully equipped kitchen
coolers
exterior storage areas
Building Details
Year built
1947
Floors in Building
1
Flooring type
Concrete
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Re/Max Guntersville
(256) 582-5585
Listed By:
Maximus Brandon · License #157893
(256) 706-6591
Added: Mar 28
Changed: Aug 13
Last Checked: Aug 13 at 9:06AM
MLS# 21913535
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a 3,240-square-foot convenience store on 0.52 acres. The building was constructed in 1947 and recently remodeled, with a practical retail floor plan, concrete flooring, central heating and central air. A fully equipped kitchen is configured for breakfast service and Hunt Brothers Pizza, while multiple coolers support beer and alcohol sales. Exterior storage areas provide space for bulk items.
A large parking lot accommodates oversize parking, with access from multiple directions at the intersection. The property is in New Hope, approximately 20 minutes from Huntsville. Public water and a septic tank serve the site, and accessible doors are included.
A large parking lot accommodates oversize parking, with access from multiple directions at the intersection. The property is in New Hope, approximately 20 minutes from Huntsville. Public water and a septic tank serve the site, and accessible doors are included.
Key Highlights
- 3,240‑square‑foot convenience store on 0.52 acres
- Recently remodeled building constructed in 1947
- Fully equipped kitchen configured for breakfast service and Hunt Brothers Pizza
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
$45,256
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
6.96%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Remodeled retail building includes a commercial kitchen, extensive cooler capacity, and exterior bulk-storage areas.
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‑foot convenience store on 0.52 acres; Recently remodeled building constructed in 1947; Fully equipped kitchen configured for breakfast service and Hunt Brothers Pizza
