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    41125 Us-72 Stevenson, AL 35772
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    41125 Us-72, Stevenson, AL 35772

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    • Lifestyle centers
    • 12,000 SF
    • 1.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 41125 Us-72

    Year built
    1976
    Lot size
    1.24 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a 12,000-square-foot, single-story strip center in Stevenson, Alabama. The property features two units, boasting 100% occupancy with a strong tenant mix. The anchor tenant is Dollar General, a nationally recognized retailer with a long-standing presence (over 23 years) at this location, currently operating under a net lease with a corporate guarantee and a remaining lease term of approximately one year, plus a three-year renewal option. The second tenant, D. Williams Dance Academy, signed a new three-year lease in April 2023, adding diversity and further income potential. The property, built in 1976 and renovated in 2024, sits on a 1.24-acre lot along US-72, a major thoroughfare with high visibility and traffic. The location benefits from proximity to other national retailers, creating a strong retail environment. The property offers a compelling cap rate of 11.25% and a net operating income (NOI) of $67,488. The asking price is $600,000, translating to a price per square foot of $50. This fee-simple ownership opportunity is ideal for 1031 exchange buyers seeking a stable, high-performing investment with a credit-rated, essential business tenant. The property's strong performance throughout the COVID-19 pandemic underscores its resilience and long-term viability. The surrounding area demonstrates strong demographics, with household incomes exceeding $49,000 within a three-mile radius and a population density of over 12,000 within ten miles.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stevenson
    County
    Jackson
    State
    Alabama
    Longitude
    -85.827
    Latitude
    34.8476

    Comparable in this City

    • Value Estimation by Request
      36,860 SF

      42950 Us-72

      Individual retail properties
      42950 Us-72, Stevenson, AL 35772
      View Details
    • Value Estimation by Request
      2,000 SF

      Hwy 72

      CONVENIENCE STORE
      Hwy 72, Stevenson, AL 35772
      View Details
    • Value Estimation by Request
      2,583 SF

      Stevenson, AL 35772

      CONVENIENCE STORE
      Stevenson, AL 35772
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    • Value Estimation by Request
      2,276 SF

      Kentucky Ave

      CONVENIENCE STORE
      Kentucky Ave, Stevenson, AL 35772
      View Details
    • Value Estimation by Request
      3,024 SF

      Al Hwy 277

      CONVENIENCE STORE
      Al Hwy 277, Stevenson, AL 35772
      View Details
    • Value Estimation by Request
      1,200 SF

      2nd St

      RETAIL STORES (PERSONAL SERVICES)
      2nd St, Stevenson, AL 35772
      View Details

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    Similar Nearby for Lease

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      Retail Endcap Space Available

      2,800 SF retail space available for lease.
      41125 Us Highway 72, Stevenson, AL 35772
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      Retail/Office Space in Stevenson, AL

      Retail and office spaces available with flexible terms.
      42950 Us Highway 72, Stevenson, AL 35772
      View Details
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    Stevenson, AL 35772
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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.

    More about this property
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