Former Dealership with Service
For Sale
Contact for pricing
723 Battle St E, Talladega, AL 35160
Spacious building suitable for auto shops or retail.
Property Size15,236 SF
Price / SF$91.89
Days on Market784
Property Features for 723 Battle St E
General Information
Standard status
Active
Size
15,236 SF
Property subtype
Land
Listing Agency:
Tortorigi Properties Inc
(205) 243-4667
Listed By:
Jerry Tortorigi · License #Al. 74748000
Source:
Crexi
Added: Jul 1, 2024
Changed: Aug 8
Last Checked: Aug 20 at 9:18AM
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 Tortorigi Properties Inc
Investment Insights
Based on property information with market context.
This property features a 15,236 square foot building that formerly served as a Ford dealership. The building includes a service department, parts department, showroom, and multiple offices. Additionally, there is a separate 4,000 square foot paint shop. The property is suitable for auto shops, automotive properties, retail spaces, and other commercial real estate ventures.
Key Highlights
- 15,236sf Main Building: Substantial space.
- Previous Ford Dealership: Infrastructure already configured for automotive sales and service.
- 4000sf Separate Paint Shop: Dedicated space for specialized automotive work.
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
$107,736
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
7.70%
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%
$2,154,720
$2.2M
Cap Rate 7%
$1,539,086
$1.5M
Cap Rate 9%
$1,197,067
$1.2M
Market Conditions
NOI Build-Up for 15,236 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
$168.2K $11.04/SF
− Vacancy
−$14.3K −$0.94/SF
EGI
$153.9K $10.10/SF
− OpEx
−$46.2K −$3.03/SF
NOI
$107.7K $7.07/SF
Area
Talladega County, AL
Vacancy
8.50%
Lease Rate
$11.04 /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%
$2,154,720
Cap Rate 7%
$1,539,086
Cap Rate 9%
$1,197,067
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,736 @ 7.0% cap · market cap 7.70%
Second Best
Industrial
$863.9K
$755.9K – $1.01M
NOI $60,472 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,148 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
204k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 30%
Superstores 22%
Home Improvements & Furnishings 5%
Walmart
Superstores
45,383 visits/mo
0.4 miles
Murphy USA
Shops & Services
19,753 visits/mo
0.4 miles
McDonald's
Dining
19,350 visits/mo
0.3 miles
Dollar Tree
Shops & Services
12,467 visits/mo
0.2 miles
Chevron
Shops & Services
10,477 visits/mo
0.3 miles
Demographics for 35160, AL
27,074
Population
13,147
Households
2.1
Avg Household Size
42
Median Age
16%
College-Educated
81%
High-School Grad
332.7 sq mi
ZIP Area
81
Density / Sq Mi
$50,007
Median Household Income
$32,821
Median Earnings
$772
Median Rent
$129,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Car Hospital — Talladega, AL 35160
- Quality Small Engine Repair — 217 Battle St E, Talladega, AL 35160
- A & K Tire & Wheel — 113 Johnson Ave S, Talladega, AL 35160
- Jerald's Alignment & Brake Service — 417 Battle St E, Talladega, AL 35160
- J&M tires LLC #2 — 313 Battle St E E, Talladega, AL 35160
Frequently Asked Questions
What type of property is this?
Auto shop - Spacious building suitable for auto shops or retail.
Where is this auto shop located?
The property is located at 723 Battle St E Talladega, AL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 15,236sf Main Building: Substantial space.; Previous Ford Dealership: Infrastructure already configured for automotive sales and service.; 4000sf Separate Paint Shop: Dedicated space for specialized automotive work.
