Neighborhood Store with Expansion
For Sale
Contact for pricing
Pending
1101 Moulton St W, Decatur, AL 35601
Neighborhood store with limited competition and expansion possibilities.
Property Size1,800 SF
Days on Market1630
Property Features for 1101 Moulton St W
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Retail
Listing Agency:
REVERE REAL ESTATE BROKERS
Listed By:
CHRIS BUSETTY · License #138094
Source:
Crexi
Added: Feb 16, 2022
Changed: Jul 6
Last Checked: Aug 4 at 8:11AM
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
Investment Insights
Based on property information with market context.
This property features a neighborhood store with limited competition. The property includes an additional, currently unoccupied unit that could be converted into a CBD or vape shop. Alternatively, this unit could be integrated into the existing convenience store to expand its operations. The addition of EBT is expected to significantly increase sales. The property size is 1800 square feet.
Key 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.
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 |
1,800 SF · lease $15.96/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$286.9K
$251.0K – $334.7K
NOI $20,081 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$212.7K
$186.1K – $248.1K
NOI $14,886 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$374.5K
$327.7K – $436.9K
NOI $26,214 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,331 visits/mo
0.2 miles
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- One Stop Mini Market 2 — 601 5th Ave SW # 2, Decatur, AL 35601
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Neighborhood store with limited competition and expansion possibilities.
Where is this grocery and convenience store located?
The property is located at 1101 Moulton St W Decatur, AL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 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.
