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    The Largest CRE Database in the US with Over 1 Million Listings

    1501 Main St Graysville, AL 35073

    Sponsored
    For Lease
    $3 SF/Yr ($13,337 /Mo)

    High-Visibility Retail Space in Graysville, AL

    Lot size:
    45,730 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    Graysville Commons, located at 1501 S Main St, Graysville, AL 35073, presents a prime retail investment opportunity. This single-story, 45,730 square foot Class B shopping center, built in 1976 and renovated in 2016, boasts excellent visibility on Highway 78, providing easy access and high traffic exposure leading into Birmingham. The center features a total of seven suites, with 26,400 square feet currently available for lease. Spaces range from a minimum of 2,400 square feet to a maximum contiguous space of 17,000 square feet, offering flexibility for various retail concepts. The property benefits from ample parking and convenient access from Highway 78. Current tenants include Dollar General, Graysville Bingo, and BK Clouds Bar and Grill, providing a strong existing tenant base. Jefferson County location offers a stable market. This property is ideal for businesses seeking high visibility and convenient access in a growing community. The property is situated in Jefferson County, Alabama. No elevators are present.

    Property Features for 1501 Main St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,730 SF
    Class
    B
    Total Rate
    13337.92

    Building Details

    Year Built/Renovated
    1976/2016
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    PW 1501
    Size
    2,400 SF
    Rate per SF
    $5
    Space
    PW 1515
    Size
    4,000 SF
    Rate per SF
    $5
    Space
    PW 1539
    Size
    4,800 SF
    Rate per SF
    $5
    Space
    PW 1531
    Size
    3,000 SF
    Rate per SF
    $6
    Space
    PW 1533
    Size
    17,000 SF
    Rate per SF
    $3

    We can help!

    Listing Contact
    Eric Everett

    Learn more

    HighLights

    • Prime retail investment opportunity in Graysville, AL, on Highway 78.
    • 45,730 SF Class B shopping center with excellent visibility and high traffic counts.
    • Seven suites totaling 45,730 SF, with 26,400 SF currently available for lease; spaces range from 2,400 SF to 17,000 SF contiguous.
    • Strong tenant base including Dollar General, Graysville Bingo, and BK Clouds Bar and Grill.
    • Ample parking and convenient Highway 78 access.
    • Located in Jefferson County, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Graysville
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.96419921073
    Latitude
    33.612083578056

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    FAQs

    What type of property is this?
    Lifestyle center - High-Visibility Retail Space in Graysville, AL
    Where is this lifestyle center located?
    The property is located at 1501 Main St Graysville, AL.
    What is the lease rate?
    The lease rate is $3-$6 SF/Yr.
    What are key features of this property?
    This property features: Prime retail investment opportunity in Graysville, AL, on Highway 78.; 45,730 SF Class B shopping center with excellent visibility and high traffic counts.; Seven suites totaling 45,730 SF, with 26,400 SF currently available for lease; spaces range from 2,400 SF to 17,000 SF contiguous.
    Request Owner's contact information
    1501 Main St Graysville, AL 35073
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    Graysville, AL 35073
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 Main St Graysville, AL 35073
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    We can help!
    Listing Contact
    Eric Everett
    Real Estate License ID: TN00000
    Learn more
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