Storefront Building With
For Sale
$319,900
8582 US HIGHWAY 29, Cusseta, AL 36852
COMMERCIAL - CUSSETA, AL
Property Size1,344 SF
Lot Size0.86 Acres
Price / SF$238.02
Days on Market108
Property Features for 8582 US HIGHWAY 29
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From I-85 N take exit 70, turn right onto Co Rd 388, right onto US Hwy 29. Building will be pass Las Margaritas on the right.
Subdivision
Lee County
Standard status
Active
Size
1,344 SF
Lot size
0.86 Acres
Building Details
Year built
1942
Listing Agency:
LORI TERRY HOME TOWN REALTY LLC
(334) 756-2030
Listed By:
LORI TERRY · License #340365
(706) 590-0706
Added: Apr 28
Changed: Aug 4
Last Checked: Aug 13 at 2:06AM
MLS# 180185
Copyright © 2026 Lee County Association of Realtors. 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.
This storefront property offers 1,344 square feet with an open interior arrangement suitable for merchandise display or a customized business layout. A rear storage area adds functional space and may also accommodate office use. The building was constructed in 1942 and is being offered as-is.
The property sits at 8582 US Highway 29 in Cusseta, within the Beulah community. Five lots extend behind the building. Two lots can accommodate mobile homes, with one currently leased, while three additional lots may support RV rental spaces; two of those lots require power poles. The combination of storefront space and rear-lot improvements creates a varied commercial property configuration.
The property sits at 8582 US Highway 29 in Cusseta, within the Beulah community. Five lots extend behind the building. Two lots can accommodate mobile homes, with one currently leased, while three additional lots may support RV rental spaces; two of those lots require power poles. The combination of storefront space and rear-lot improvements creates a varied commercial property configuration.
Key Highlights
- 1,344 SF storefront building with open interior layout
- Rear storage area with potential office use
- Five lots located behind the commercial building
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
$16,665
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
5.21%
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%
$333,300
$333.3K
Cap Rate 7%
$238,071
$238.1K
Cap Rate 9%
$185,167
$185.2K
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
$26.9K $20.04/SF
− Vacancy
−$4.7K −$3.51/SF
EGI
$22.2K $16.53/SF
− OpEx
−$5.6K −$4.13/SF
NOI
$16.7K $12.40/SF
Area
Lee County, AL
Vacancy
17.50%
Lease Rate
$20.04 /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%
$333,300
Cap Rate 7%
$238,071
Cap Rate 9%
$185,167
Alternative Uses
Best Use
Office B
$238.1K
$208.3K – $277.8K
NOI $16,665 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 3.96%
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open interior space and rear storage support retail, salon, or professional office use.
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: 1,344 SF storefront building with open interior layout; Rear storage area with potential office use; Five lots located behind the commercial building
