Technical
Financial
Distress signals
Property profile

1909 West Dallas Ave Selma, AL 36701

FOR LEASE
Strip malls
Property ID
US03-1201829
4,510 SF 0.7 ac lot Built 2002
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional retail strip mall presents a lucrative investment opportunity in Selma, Alabama. Strategically located across the street from a Winn-Dixie grocery store, a gas station, and a brand-new Jacks restaurant, this property enjoys high visibility and consistent foot traffic. The building itself boasts a recently completed exterior paint job, a durable metal roof, and a freshly painted parking lot, ensuring a well-maintained and attractive appearance. The property comprises five units, with one unit measuring approximately 1600 square feet and the other four units each measuring approximately 750 square feet. Currently, three of the five units are occupied by tenants under existing leases, which will transfer to the new owner. Two units became available in September of this year, offering immediate opportunities for lease-up and increased revenue. The property sits on a 0.7-acre lot, providing ample parking for customers and tenants. This turnkey investment offers a blend of stable income from existing tenants and the potential for significant growth through leasing the vacant units. The prime location and recent improvements make this a highly desirable property for investors seeking a strong return on investment in a thriving commercial area. The asking price is $385,000.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Construction CONCRETE BLOCKS
Total area 4,510 SF
Lot 0.7 ac (30,492 SF)
Zoning code S
APN 16020300020410000
UPID US03-1201829

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Spa & Massage Center
  • Nail Salon
  • Hair Salon
  • Hair Salon

Location

1909 West Dallas Ave Selma, AL 36701
Selma metro Census 956702 SELMA, AL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$610k

Owner & transaction history

Zoning & alternative use

S · Selma, AL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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