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    Specialty properties

    27950 Al-21, Talladega, AL 35160

    10,800 SF 2.1 ac lot Built 1999
    Property ID
    Property summary
    AI-generated overview

    This 10,800 square foot building, situated on a 2.1-acre lot in Talladega, Alabama, presents a unique investment opportunity. Built in 1999, this single-story structure boasts a 10-foot ceiling height and one loading dock. Currently operating at 100% occupancy with a lease in place until September 1, 2029 (4.8 years remaining), the property offers a stable income stream. The lease is a NNN (Net, Net, Net) agreement at $10 per square foot, with a lease commencement date of September 1, 2024. The asking price is $900,000, translating to $83.33 per square foot. The property's zoning allows for diverse uses, including but not limited to religious institutions, schools, and entertainment venues. Its location on a main road ensures high visibility and traffic. The building's adaptable design makes it suitable for various redevelopment projects. This is a rare opportunity to acquire a well-located, versatile commercial property with significant potential.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1999
    Total area 10,800 SF
    Lot 2.1 ac (91,476 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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