1101 Moulton St W, Decatur, AL 35601
Neighborhood store with limited competition and expansion possibilities.
- Added:
- Feb 16, 2022
- Days on Market:
- 1585
- Last Refresh:
- May 19 at 9:40 pm
Property Features for 1101 Moulton St W
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Retail
Listing agent CHRIS BUSETTY License #138094
Listing office REVERE REAL ESTATE BROKERS
Listing date Feb 16, 2022
Source Crexi
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 REVERE REAL ESTATE BROKERS
HighLights
- Limited competition in the neighborhood.
- Opportunity to convert an unoccupied unit into a CBD or Vape shop.
- Potential to increase sales by adding EBT acceptance.
- Existing convenience store in one unit.
- Option to expand the convenience store into the additional unit.
- Located in a beautiful neighborhood.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $15.96 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $26.8k | $14.87 |
| − OpEx | −$6.7k | −$3.72 |
| NOI | $20.1k | $11.16 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- One Stop Mini Market 2 — 601 5th Ave SW # 2, Decatur, AL 35601
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -87.0018861
- Latitude
- 34.6039347