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    24716 Us-31 Jemison, AL 35085

    For Sale
    $2,800,000

    High-yield retail center, strong tenants.

    Property size:
    60,235 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Cobb Plaza Shopping Center, located at 24716 US-31 in Jemison, Alabama (zip code 35085), presents a compelling investment opportunity. This 60,235 square foot multi-tenant retail shopping center boasts a strong 7.94% capitalization rate and a Net Operating Income (NOI) of $222,311, with an asking price of $2,800,000 ($46.48 per square foot). Built in 1972, the property sits on a 5.77-acre lot and features credit tenants including O'Reilly Auto Parts and Piggly Wiggly, ensuring stable income streams. Its prime location on a major thoroughfare in Jemison provides excellent visibility and accessibility, complemented by ample on-site parking for both employees and customers. The center benefits from high local traffic counts and convenient access to Interstate 65 (3.8 miles away). Commuting distances to nearby Clanton, Alabama (15 minutes) and Hoover, Alabama (30 minutes) further enhance its appeal. This well-established shopping center offers a solid investment opportunity with significant potential for future growth.

    Property Features for 24716 Us-31

    General Information

    Property type
    Lifestyle centers
    Square Feet
    60,235 SF
    Lot Size
    251,341 SF

    Building Details

    Year Built
    1972

    HighLights

    • Great investment opportunity: 60,235 SF shopping center with 7.94% cap rate and $222,311 NOI.
    • Credit tenants include O'Reilly Auto Parts and Piggly Wiggly.
    • Prime Jemison location on a major thoroughfare.
    • Ample on‑site parking.
    • High local traffic counts.
    • 3.8 miles from I‑65.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jemison
    County
    Chilton
    State
    Alabama
    Longitude
    -86.7420303
    Latitude
    32.959271

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, strong tenants.
    Where is this lifestyle center located?
    The property is located at 24716 Us-31 Jemison, AL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Great investment opportunity: 60,235 SF shopping center with 7.94% cap rate and $222,311 NOI.; Credit tenants include O'Reilly Auto Parts and Piggly Wiggly.; Prime Jemison location on a major thoroughfare.
    Request Owner's contact information
    24716 Us-31 Jemison, AL 35085
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    Realmo Value Estimation

    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.

    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.

    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
    24716 Us-31 Jemison, AL 35085
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