Retail Building with
For Sale
$319,900
8582 US HIGHWAY 29, Cusseta, AL 36852
Retail building off US Hwy 29 with an open layout, rear storage, and five lots behind for mobile homes or RV rentals.
Property Size1,344 SF
Price / SF$238.02
Days on Market105
Property Features for 8582 US HIGHWAY 29
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$996
Building Details
Year Built
1942
Listing Agency:
LORI TERRY HOME TOWN REALTY LLC
(706) 590-0706
Listed By:
LORI TERRY · License #87991
(706) 590-0706
Source:
Exitrealty
Added: May 12
Changed: Aug 23
Last Checked: Aug 23 at 7:42AM
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 LORI TERRY HOME TOWN REALTY LLC
Investment Insights
Based on property information with market context.
This commercial building is well suited for a variety of retail or service uses, with approximately 1,344 sq ft of interior space arranged in an open floor plan. The back of the building includes a spacious storage area that can support inventory needs or be adapted for additional office or workspace use. The property is being sold “as is,” providing a straightforward starting point for an operator’s renovation or buildout plans.
The building is located right off busy US Hwy 29 in the heart of the Beulah community. In addition to the front building, there are five lots behind the property that can support extended-use opportunities. Two lots are described as suitable for mobile homes, including one lot that is currently leased.
Three additional lots behind the building are described as potential RV rental spaces, with two of those lots requiring power poles. This mix of storefront space plus background lots may appeal to tenants and buyers looking for a single location that can accommodate both storefront operations and supplementary on-site rental use, subject to the condition and requirements noted with the RV lots.
The building is located right off busy US Hwy 29 in the heart of the Beulah community. In addition to the front building, there are five lots behind the property that can support extended-use opportunities. Two lots are described as suitable for mobile homes, including one lot that is currently leased.
Three additional lots behind the building are described as potential RV rental spaces, with two of those lots requiring power poles. This mix of storefront space plus background lots may appeal to tenants and buyers looking for a single location that can accommodate both storefront operations and supplementary on-site rental use, subject to the condition and requirements noted with the RV lots.
Key Highlights
- Commercial building off US Hwy 29 with an open floor plan and approximately 1,344 sq ft
- Includes a spacious rear storage area that can also serve as potential office space
- Five lots behind the property for additional income opportunities
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
$12,658
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
3.96%
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%
$253,160
$253.2K
Cap Rate 7%
$180,829
$180.8K
Cap Rate 9%
$140,644
$140.6K
Market Conditions
NOI Build-Up for 1,344 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
$20.2K $15.00/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$18.1K $13.46/SF
− OpEx
−$5.4K −$4.04/SF
NOI
$12.7K $9.42/SF
Area
Lee County, AL
Vacancy
10.30%
Lease Rate
$15.00 /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%
$253,160
Cap Rate 7%
$180,829
Cap Rate 9%
$140,644
Alternative Uses
Best Use
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$153.5K
$134.3K – $179.1K
NOI $10,747 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$327.8K
$286.8K – $382.4K
NOI $22,946 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36852, AL
2,564
Population
1,061
Households
2.4
Avg Household Size
36
Median Age
13%
College-Educated
91%
High-School Grad
29.3 sq mi
ZIP Area
88
Density / Sq Mi
$76,794
Median Household Income
$44,188
Median Earnings
$852
Median Rent
$164,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building off US Hwy 29 with an open layout, rear storage, and five lots behind for mobile homes or RV rentals.
Where is this storefront property located?
The property is located at 8582 US HIGHWAY 29 Cusseta, AL.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Commercial building off US Hwy 29 with an open floor plan and approximately 1,344 sq ft; Includes a spacious rear storage area that can also serve as potential office space; Five lots behind the property for additional income opportunities
