Commercial Land With Existing
For Sale
$150,000
26444 Stateline Road, Ardmore, AL 35739
Business Opportunity, Ardmore, AL
Property Size2,400 SF
Lot Size0.80 Acres
Price / SF$62.50
Days on Market108
Property Features for 26444 Stateline Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Metes And Bounds
Directions
From I-65 Tn Exit#1: Turn Onto Tn-7 S/Us-31 S, Right On 1st Ave W, Property On Right
Standard status
Active
Size
2,400 SF
Lot size
0.80 Acres
Listing Agency:
Butler Realty
(931) 427-4411
Listed By:
Wade Boggs · License #74312
(256) 520-8384
Added: May 14
Changed: Aug 19
Last Checked: Aug 29 at 3:06PM
MLS# 21899919
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land parcel encompasses approximately 0.8 acres and includes two existing structures totaling 2,400 square feet. Both structures require work, while the property’s prior use was as a salvage yard.
The site is in Ardmore, Alabama, approximately 2.5 miles from I-65. Frontage extends along two streets, and utilities and water are located at the road. The combination of existing improvements, dual-street frontage, and nearby interstate access provides a defined physical framework for evaluating the property.
The site is in Ardmore, Alabama, approximately 2.5 miles from I-65. Frontage extends along two streets, and utilities and water are located at the road. The combination of existing improvements, dual-street frontage, and nearby interstate access provides a defined physical framework for evaluating the property.
Key Highlights
- Approximately 0.8 acres of commercial land
- Two existing structures requiring work
- 2,400 square feet of property improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,526
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$190,520
$190.5K
Cap Rate 7%
$136,086
$136.1K
Cap Rate 9%
$105,844
$105.8K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$14.4K $6.00/SF
− Vacancy
−$792 −$0.33/SF
EGI
$13.6K $5.67/SF
− OpEx
−$4.1K −$1.70/SF
NOI
$9.5K $3.97/SF
Area
Limestone County, AL
Vacancy
5.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$190,520
Cap Rate 7%
$136,086
Cap Rate 9%
$105,844
Alternative Uses
Best Use
Retail
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 19.56%
Second Best
Industrial
$136.1K
$119.1K – $158.8K
NOI $9,526 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$625.0K
$546.8K – $729.1K
NOI $43,747 @ 7.0% cap · market cap 29.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 36%
Groceries 11%
McDonald's
Dining
21,646 visits/mo
0.4 miles
SONIC Drive In
Dining
10,711 visits/mo
0.4 miles
Piggly Wiggly
Groceries
9,738 visits/mo
0.3 miles
Shell
Shops & Services
9,447 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,823 visits/mo
0.2 miles
Demographics for 35739, AL
5,426
Population
2,388
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
26.7 sq mi
ZIP Area
203
Density / Sq Mi
$62,463
Median Household Income
$47,296
Median Earnings
$782
Median Rent
$199,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The parcel includes two structures requiring work, with utilities and water available at the road.
Where is this commercial land located?
The property is located at 26444 Stateline Road Ardmore, AL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Approximately 0.8 acres of commercial land; Two existing structures requiring work; 2,400 square feet of property improvements
