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Property profile & analytics
FOR LEASE
Investment properties

1700 Darby Dr Florence, AL 35630

76,991 SF 9.5 ac lot Built 1970
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US03-0803691
Property summary
AI-generated overview

Florence Plaza, a vibrant 15-acre shopping center in Lauderdale County, Alabama, offers two immediately available retail spaces ranging from 1,500 to 3,040 square feet. Located at the intersection of Florence Boulevard (US Hwy 72) and Darby Drive, this prime location boasts over 33,000 vehicles passing daily, ensuring high visibility and substantial foot traffic. With approximately 18,000 housing units within a 3-mile radius, Florence Plaza serves as a key shopping destination for a large residential population. The center features a diverse tenant mix including national brands like Crunch Fitness, Foodland, Ollie's Bargain Outlet, Dunkin', Little Caesars Pizza, and AutoZone, alongside successful local businesses. This established center, operating for over 50 years, has recently undergone significant upgrades, including façade renovations, parking lot resurfacing and improved lighting, new pylon signage, and enhanced landscaping. The gross leasable area totals 155,123 square feet. An additional anchor space will become available soon. This presents a unique opportunity for businesses seeking a high-visibility location within a thriving, well-maintained shopping center in a densely populated area.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1970
Construction MIXED
Total area 76,991 SF
Lot 9.5 ac (413,820 SF)
Zoning code 2
APN 24-01-01-2-002-076-002
UPID US03-0803691
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
Current use
Occupant on record · Public records
  • Ollie's Bargain Outlet Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.37M
Blend (final) Blend
$4.00M
Owner & transaction history
Premier Capital Fund Xxxv LLC · 2 yrs held
Premier Capital Fund Xxxv LLC
since 2023
2 recorded transactions
2023
$8.4M
2020
Price N/A
Zoning & alternative use
2 · Florence, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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