Hanceville Commercial Building with
111 Bangor Avenue NE Hanceville, AL 35077
For Sale
$459,900
COMMERCIAL - Hanceville, AL
Property Size6,490 SF
Lot Size0.32 Acres
Price / SF$70.86
Days on Market120
Property Features for 111 Bangor Avenue NE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 2304200005048.000
- Size
- 6,490 SF
- Lot size
- 0.32 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Metal
Listing Agency:
A.H. Sothebys Int. Realty
(256) 799-9333
Listed By:
David Dahne · License #156303
(772) 285-1673
Added: Mar 26
Changed: May 14
Last Checked: Jul 23 at 11:06PM
MLS# 21912486
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Investment Insights
Based on property information with market context.
This commercial building, offering 6490 square feet of space, includes a separate 24' x 26' garage. Located in Hanceville, AL, the building can be easily divided to accommodate two distinct businesses, each with over 3000 square feet. A 23' x 65' grass area is situated at the front left of the building, suitable for parking or outdoor business activities. The garage can serve as storage or be adapted for business use. An additional 26' x 77' grass area behind the garage on Blountsville Street offers further parking or business opportunities. The property is located on a 0.32-acre lot. Currently, a loft is constructed in the bay area. The rear bay area behind the two front bays can be used for storage or business purposes.
Key Highlights
- 6490 SF Commercial Building divisible into two 3000 SF+ businesses.
- Separate 24'X26' garage for storage or business use.
- Two grass areas (23' X 65' and 26' X 77') suitable for parking or business use.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $5.40 |
| − Vacancy | −$2.8k | −$0.43 |
| EGI | $32.2k | $4.97 |
| − OpEx | −$4.8k | −$0.75 |
| NOI | $27.4k | $4.22 |
6,490 SF · lease $5.40/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$665.9K
$582.6K – $776.9K
NOI $46,611 @ 7.0% cap · market cap 10.14%
Second Best
Warehouse
$391.5K
$342.6K – $456.8K
NOI $27,406 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$956.8K
$837.2K – $1.12M
NOI $66,977 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 6490 SF commercial building with separate garage for sale.
Where is this retail space located?
The property is located at 111 Bangor Avenue NE Hanceville, AL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 6490 SF Commercial Building **divisible into two 3000 SF+ businesses.**; Separate 24'X26' garage for storage or business use.; Two grass areas (23' X 65' and 26' X 77') suitable for parking or business use.
