Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    957 Highway 78 Dora, AL 35062
    Back to Search
    Property profile & analytics

    957 Highway 78, Dora, AL 35062

    View on Map
    • Retail properties & Spaces
    • 17,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Los Rancheros Mexican Grill II / Restaurant
    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store

    Property Details for 957 Highway 78

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This 1,400 square foot retail space is located at 957 Highway 78 in Dora, Alabama, within the Sumiton submarket of Jefferson County. The property is a single-story, Class C building totaling 17,500 square feet with one suite currently available. The space offers excellent visibility and accessibility, situated along the Dora/Sumiton retail corridor directly across from a Walmart, boasting a high volume of daily traffic (15,360 vehicles per day). This prime location provides ample opportunity for businesses seeking high foot traffic. The property features 75 total parking spaces and allows for pylon signage. Existing co-tenants include Dollar General, T-Mobile, and Los Rancheos Mexican Restaurant, creating a strong retail synergy. The space is ideal for a variety of retail uses, including boutiques, shops, and cafes. The minimum divisible space is 1,400 square feet, and the maximum contiguous space available is also 1,400 square feet. The property's address is 957 Hwy 78, Dora, AL 35062, and is easily accessible from Bryan Road.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dora
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.047
    Latitude
    33.7449

    Comparable in this City

    • Value Estimation
      $1,105,000
      8,780 SF

      7174 Bankhead Hwy

      RETAIL STORES (PERSONAL SERVICES)
      7174 Bankhead Hwy, Dora, AL 35062-2318
      View Details
    • Value Estimation by Request
      1,994 SF

      8413 Bagley Rd

      RETAIL STORES (PERSONAL SERVICES)
      8413 Bagley Rd, Dora, AL 35062-1904
      View Details
    • Value Estimation by Request
      2,400 SF

      1041 Hull Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1041 Hull Rd, Dora, AL 35062
      View Details
    • Value Estimation by Request
      1,623 SF

      7075 Bankhead Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      7075 Bankhead Hwy, Dora, AL 35062-2303
      View Details
    • Value Estimation by Request
      800 SF

      9271 County Line Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      9271 County Line Rd, Dora, AL 35062-1515
      View Details
    • Value Estimation by Request
      2,744 SF

      Dora, AL 35062

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Dora, AL 35062
      View Details

    Similar Nearby for Sale

    • $449,900

      Turnkey Automotive Facility in Dora

      Automotive facility with paint booth, garage bays, and vehicle lift.
      7491 Highway 78 W, Dora, AL 35062
      View Details
    • Contact for pricing

      156 Acres on Highway 78

      156 acres with frontage on Hwy 78 near I-22.
      4979 Highway 78 E, Dora, AL 35062
      View Details
    • Contact for pricing
      2,744 SF

      Turn-Key Auto Repair Shop

      Fully equipped auto repair shop with excellent road frontage.
      69 Railroad Ave, Dora, AL 35062
      View Details
    • $56,000
      3.26 Acres

      Residential Lots in Dora, Alabama

      Estate-sized lots in Bagley school district, minimum 2,400 sqft homes.
      8449 Daniel Trl, Dora, AL 35062
      View Details
    • $88,000
      4.63 Acres

      DORA, AL Heavily Timbered Acreage

      Corner property with timber, stream, and easy highway access.
      4360 Jim Tate Rd, Dora, AL 35062
      View Details
    • Contact for pricing
      3,000 SF

      Office/Warehouse on Acreage For Sale

      3,000 SF office/warehouse on 1.07 acres, fenced yard.
      76 Industrial Dr, Dora, AL 35062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    957 Highway 78
    Dora, AL 35062
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    957 Highway 78, Dora, AL, 35062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!