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    45 Alpine Winterboro Rd Alpine, AL 35014
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    45 Alpine Winterboro Rd, Alpine, AL 35014

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    • Lifestyle centers
    • 10,640 SF
    • 1.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 45 Alpine Winterboro Rd

    Year built
    2024
    Lot size
    1.90 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a brand-new, single-tenant Dollar General convenience store and shopping center storefront in Alpine, Alabama. The property boasts a 10,640 square foot building on a 1.9-acre lot, featuring 35 parking spaces. Built in 2024, it's situated at 45 Alpine Winterboro Rd, Alpine, AL 35014, offering excellent visibility and accessibility. The property benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a credit-rated tenant. The lease includes five, five-year renewal options, with a 5% rent increase every five years. The current asking price is $2,221,689, representing a 6.75% cap rate and a price per square foot of $208.81. The property currently generates a net operating income (NOI) of $149,964, reflecting 100% occupancy. This strategically located property is near Winterboro High School and the AL Hwy 21 corridor, benefiting from proximity to Talladega and Sylacauga, and the significant economic activity generated by Honda Manufacturing of Alabama and Talladega Superspeedway. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant long-term growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alpine
    County
    Talladega
    State
    Alabama
    Longitude
    -86.1968
    Latitude
    33.3274

    Comparable in this City

    • Value Estimation by Request
      2,306 SF

      Alpine, AL 35014

      STORE, RETAIL OUTLET
      Alpine, AL 35014
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    • Value Estimation by Request
      2,800 SF

      22065 Al Hwy 21

      CONVENIENCE STORE
      22065 Al Hwy 21, Alpine, AL 35014-5041
      View Details
    • Value Estimation by Request
      1,392 SF

      17684 Al Hwy 21

      CONVENIENCE STORE
      17684 Al Hwy 21, Alpine, AL 35014-5539
      View Details
    • Value Estimation by Request
      240 SF

      69 Br Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      69 Br Rd, Alpine, AL 35014-5124
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    • Value Estimation by Request
      704 SF

      2700 Grist Ml Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2700 Grist Ml Rd, Alpine, AL 35014-5439
      View Details
    • Value Estimation by Request
      3,870 SF

      Plant Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Plant Rd, Alpine, AL 35014
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,640 SF

      New DG Market in Alpine

      New free-standing DG Market with 15-year NNN lease.
      45 Alpine Winterboro Rd, Alpine, AL 35014
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    • $298,000
      2.80 Acres

      Commercial Buildings in Alpine, Alabama

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      0.43 Acres

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      0.82 Acres

      Site-Built Homes Restricted Building Lot

      Residential building lot restricted to site-built homes with limited lake views near recreation and golf access.
      Pluto Cir, Alpine, AL 35014
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      0.36 Acres

      Restrictive Land Parcel for Sale

      For-sale land parcel subject to restrictive covenants, offering a straightforward slate for permitted development planning.
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    • Contact for pricing
      0.29 Acres

      Highway-Frontage Commercial Land

      Commercial land with highway road frontage, subject to restrictive covenants.
      Hwy 191, Alpine, AL 35014
      View Details
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    Alpine, AL 35014
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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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    45 Alpine Winterboro Rd, Alpine, AL, 35014
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