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    1501 Main St Graysville, AL 35073
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    1501 Main St, Graysville, AL 35073

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    • Lifestyle centers
    • 45,730 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1501 Main St

    Year built
    1976
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Graysville
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9642
    Latitude
    33.6121

    Comparable in this City

    • Value Estimation
      $1,150,000
      52,749 SF

      1500 Hwy 78

      SHOPPING CENTER, STRIP CENTER
      1500 Hwy 78, Graysville, AL 35073
      View Details
    • Value Estimation by Request
      4,328 SF

      652 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      652 Main St, Graysville, AL 35073-1739
      View Details
    • Value Estimation by Request
      4,562 SF

      60 6th SE Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      60 6th SE Ave, Graysville, AL 35073-1831
      View Details
    • Value Estimation by Request
      576 SF

      911 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      911 Main St, Graysville, AL 35073-1728
      View Details
    • Value Estimation by Request
      2,621 SF

      387 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      387 Main St, Graysville, AL 35073-1404
      View Details
    • Value Estimation by Request
      4,320 SF

      711 Old Sayre Mine Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      711 Old Sayre Mine Rd, Graysville, AL 35073
      View Details

    Similar Nearby for Sale

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      13.9 Acres on I-22 Frontage

      13.9 acres with I-22 frontage, multipurpose building, concrete slab.
      4701 Lynndale Rd, Graysville, AL 35073
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    • $550,000
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      Versatile Commercial Property in Graysville

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      1451 S Main St, Graysville, AL 35073
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      15,400 SF

      Graysville Commercial Property For Sale

      Versatile brick building suitable for medical, office, daycare, or retail.
      1451 S Main St, Graysville, AL 35073
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    • $1,199,000
      13.90 Acres

      13.9 Acres on I-22 & Hwy 78

      13.9 acres with high visibility, multipurpose building, endless possibilities.
      4701 Lynndale Rd, Graysville, AL 35073
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    • Contact for pricing
      4.99 Acres

      Graysville Land with Coal Deposits

      4.99 acres of wooded land with industrial zoning.
      4223 Levine Ave, Graysville, AL 35073
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Highway 78

      Shopping center with excellent visibility and easy highway access.
      1501 S Main St, Graysville, AL 35073
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    • Contact for pricing

      Retail Space on Busy Highway

      Shopping center retail space for lease on a busy highway.
      1509 S Main St, Graysville, AL 35073
      View Details
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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.

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