Restaurant with Commercial
New
For Sale
$450,000
950 Main Street, Montevallo, AL 35115
Restaurant space with a commercial kitchen, welcoming dining area, and ample on-site parking.
Property Size2,628 SF
Price / SF$171.23
Days on Market4
Property Features for 950 Main Street
General Information
Standard status
Active
Size
2,628 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1993
Listing Agency:
Montevallo Realty
(205) 914-9290
Listed By:
Shelley Schakett · License #123343
(205) 914-9290
Source:
Exitrealty
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 3:14AM
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 Montevallo Realty
Investment Insights
Based on property information with market context.
Restaurant space offering approximately 2,628 square feet and previously operated as a restaurant. The interior includes a commercial kitchen and a welcoming dining area, with ample on-site parking for guests and staff. Built in 1993, the property is set up for food service and related concepts that need a dedicated kitchen and customer seating.
Located at 950 Main Street in Montevallo, Alabama, the property benefits from visibility in a busy college-town setting.
The layout supports a range of hospitality uses that can take advantage of the existing kitchen, dining area, and on-site parking configuration, including coffee-focused or specialty food concepts.
Located at 950 Main Street in Montevallo, Alabama, the property benefits from visibility in a busy college-town setting.
The layout supports a range of hospitality uses that can take advantage of the existing kitchen, dining area, and on-site parking configuration, including coffee-focused or specialty food concepts.
Key Highlights
- Approximately 2,628 square feet built for restaurant use
- Commercial kitchen and welcoming dining area
- Ample on‑site parking
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 | $41.0k | $15.60 |
| − Vacancy | −$3.1k | −$1.17 |
| EGI | $37.9k | $14.43 |
| − OpEx | −$9.5k | −$3.61 |
| NOI | $28.4k | $10.82 |
2,628 SF · lease $15.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$406.3K
$355.5K – $474.0K
NOI $28,442 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$353.6K
$309.4K – $412.5K
NOI $24,752 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$616.8K
$539.7K – $719.7K
NOI $43,179 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35115, AL
15,260
Population
6,388
Households
2.4
Avg Household Size
34
Median Age
22%
College-Educated
82%
High-School Grad
123.4 sq mi
ZIP Area
124
Density / Sq Mi
$54,157
Median Household Income
$32,000
Median Earnings
$807
Median Rent
$165,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with a commercial kitchen, welcoming dining area, and ample on-site parking.
Where is this conventional restaurant located?
The property is located at 950 Main Street Montevallo, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,628 square feet built for restaurant use; Commercial kitchen and welcoming dining area; Ample on‑site parking
