600 Fort Williams StSylacauga, AL 35150
- Investment properties
- 32,266 SF
Property Details for 600 Fort Williams St
- Year built
- 1979
- Lot size
- 4.90 AC
- Property size (Sq ft)
- 32,266 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 27-09-30-4-022-001.000
- APU
- 2709304022001000
Description
This 39,809 square foot shopping center in Sylacauga, Alabama, presents a compelling value-add investment opportunity. Located at 600 W Fort Williams St, this Fee Simple property boasts an 8.05% cap rate and a strong NOI of $213,373. Currently 81% occupied by Bargain Hunt, Credit Central, and Coosa Valley HomeCare, all with lease renewal options, the center offers significant upside potential. The property underwent a complete renovation in 2018, including a new roof, electrical, plumbing, and parking lot overlay. The 7,618 square feet of unbuilt-out space provides an opportunity to increase occupancy and rental income. Built in 1979 on a 4.9-acre lot (APN: 27-09-30-4-022-001.000), the center is priced at $2,650,000, well below replacement cost at $66 per square foot. Sylacauga's diverse economy, anchored by manufacturing, healthcare, and natural resources, provides a stable market for retail businesses. The city's small-town charm, combined with proximity to Birmingham, offers a desirable location for both residents and businesses. This property is an excellent addition to any portfolio seeking strong returns and growth potential. All leases are gross.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,034,470
- 6.5%
- $5,570,280
- 7%
- $5,172,410
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,998,940
- Geo Method
- $6,419,680
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $11,302,000
- Retail / Commercial
- $5,680,910
- Hospitality / Lodging
- $3,969,080
- Office
- $5,443,060
- Institutional / Educational
- $5,758,550
- Residential Income
- $6,737,500
- Multifamily
- $8,581,620
- Automotive / Energy
- $4,935,900
- Parking / Income-Based Land
- $1,792,610
- Restaurant / Food Service
- $2,704,270
- Healthcare / Senior Housing
- $5,804,900
Location Insight
- City
- Sylacauga
- County
- Talladega
- State
- Alabama
- Latitude
- 33.1682
- Longitude
- -86.2601
- CBSA code
- 45180
- CBSA name
- TALLADEGA-SYLACAUGA, AL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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