Flex Space with Automotive
For Sale
$279,900
30371 Ardmore Avenue, Ardmore, AL 35739
Business Opportunity, Ardmore, AL
Property Size2,800 SF
Lot Size0.20 Acres
Price / SF$99.96
Days on Market108
Property Features for 30371 Ardmore Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
From I-65: Take Tn Exit #1 Us-31 S Into Ardmore, Turn Right Onto Ardmore Ave, Property Will Be On The Right.
Standard status
Active
APN
0102042004044001
Size
2,800 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
overhead doors
offices
storage area
Building Details
Year built
1990
Floors in Building
1
Flooring type
Concrete
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 6:06PM
MLS# 21883380
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.
Built in 1990, this 2,800-square-foot flex property occupies a 0.2-acre parcel and combines automotive, retail, office, and storage functions. The automotive area measures approximately 16 by 48 feet and includes two overhead doors, each 12 feet wide by 12.5 feet high. A separate 19-by-27-foot retail area, two offices, additional storage, and two bathrooms complete the interior layout.
The property is located at 30371 Ardmore Avenue in Ardmore, Alabama. Concrete flooring, central heating, and central air support the building, with public water and public sewer serving the site. Its configuration provides a practical mix of work, customer-facing, administrative, and storage areas within one commercial building.
The property is located at 30371 Ardmore Avenue in Ardmore, Alabama. Concrete flooring, central heating, and central air support the building, with public water and public sewer serving the site. Its configuration provides a practical mix of work, customer-facing, administrative, and storage areas within one commercial building.
Key Highlights
- 2,800 SF flex property on a 0.2‑acre parcel
- Automotive area measures approximately 16x48 feet
- Two overhead doors, each 12 feet wide by 12.5 feet high
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
$11,113
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
3.97%
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%
$222,260
$222.3K
Cap Rate 7%
$158,757
$158.8K
Cap Rate 9%
$123,478
$123.5K
Market Conditions
NOI Build-Up for 2,800 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
$16.8K $6.00/SF
− Vacancy
−$924 −$0.33/SF
EGI
$15.9K $5.67/SF
− OpEx
−$4.8K −$1.70/SF
NOI
$11.1K $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%
$222,260
Cap Rate 7%
$158,757
Cap Rate 9%
$123,478
Alternative Uses
Best Use
Retail
$488.9K
$427.8K – $570.4K
NOI $34,222 @ 7.0% cap · market cap 12.23%
Second Best
Flex RnD
$430.6K
$376.7K – $502.3K
NOI $30,139 @ 7.0% cap · market cap 10.77%
Theoretical Best
Office A
$729.1K
$638.0K – $850.6K
NOI $51,038 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with automotive service, retail, office, and storage areas.
Where is this flex space located?
The property is located at 30371 Ardmore Avenue Ardmore, AL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2,800 SF flex property on a 0.2‑acre parcel; Automotive area measures approximately 16x48 feet; Two overhead doors, each 12 feet wide by 12.5 feet high
