Meridianville Commercial Live/Work
11556 Highway 231/431 Meridianville, AL 35759
11556 Highway 231/431, Meridianville, AL, 35759
$895,000
For Sale
$895,000
COMMERCIAL - Meridianville, AL
Property Size4,124 SF
Lot Size4.69 Acres
Price / SF$217.02
Days on Market59
Property Features for 11556 Highway 231/431
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
- Parking features
- Garage, Driveway
- Standard status
- Active
- APN
- 0804190000055.000
- Size
- 4,124 SF
- Lot size
- 4.69 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Wood
- Roof type
- Shingle
Listing Agency
Russ Russell Real Estate
(256) 536-7777
923-C Merchants Walk, Huntsville, AL
Listed by
Russ Russell · License #25965
(256) 527-7777
Added: May 21 Checked: Jul 18 at 8:06 pm
MLS# 21888077
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Investment Insights
Based on property information with market context.
This 4,124 square foot commercial property in Meridianville, AL, presents a live/work opportunity suitable for a wedding venue, photography studio, bed and breakfast, or professional business. Situated on 4.69 acres, the property is zoned for county use, offering various possibilities. The historic house has been recently remodeled and expanded, blending modern style and comfort while retaining its historic elegance. It features 4 bedrooms, 4 bathrooms, and a game room. The property is located 1.2 miles from the Madison County Executive Airport. Additional land is available for sale by the seller.
Key Highlights
- Versatile live/work property suitable for various businesses. Favorable county zoning allows for wedding venue, studio, B&B, etc.
- Substantial 4,124SF historic house recently remodeled for modern comfort and style.
- Large 4.69‑acre lot offering ample space and potential.
Local Financial Insights For Office B
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 | $82.6k | $20.04 |
| − Vacancy | −$12.4k | −$3.01 |
| EGI | $70.2k | $17.03 |
| − OpEx | −$17.6k | −$4.26 |
| NOI | $52.7k | $12.78 |
4,124 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$752.7K
$658.6K – $878.1K
NOI $52,686 @ 7.0% cap · market cap 5.89%
Second Best
Mixed Use
$711.4K
$622.5K – $830.0K
NOI $49,797 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.07M
$939.7K – $1.25M
NOI $75,172 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic remodeled property suitable for various business ventures.
Where is this mixed-use property located?
The property is located at 11556 Highway 231/431 Meridianville, AL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Versatile live/work property suitable for various businesses. Favorable county zoning allows for wedding venue, studio, B&B, etc.; Substantial 4,124SF historic house recently remodeled for modern comfort and style.; Large 4.69‑acre lot offering ample space and potential.
