Automotive Shop with Living
For Sale
$750,000
3098 Alabama Highway 75, Albertville, AL 35951
Business Opportunity, Albertville, AL
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$187.50
Days on Market53
Property Features for 3098 Alabama Highway 75
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot, Oversize
Lot features
High Visibility
Directions
Intersection Of 431 And Highway 75 He Will Take Highway 75 N. About 6 Miles On The Right
Standard status
Active
APN
1709310000026.000
Size
4,000 SF
Lot size
1.00 Acre
Utilities
Sewer type
Septic Tank
Heating system
Space Heater
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Truman Milner
(256) 572-6858
Added: Jul 16
Changed: Sep 6
Last Checked: Sep 6 at 5:06AM
MLS# 21894445
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 4,000-square-foot automotive shop occupies 1 acre at 3098 Alabama Highway 75 outside Albertville city limits. The building includes vehicle lifts and air compressors that convey with the property, along with a complete area configured for living quarters or office use. Two bathrooms are also present.
Concrete flooring, a metal roof, space-heater warmth, and window-unit cooling serve the existing structure. The site includes an oversized parking lot, public water, and a septic tank. Its current automotive improvements can remain in place for shop operations, while the additional interior area provides flexibility for office or residential use.
Concrete flooring, a metal roof, space-heater warmth, and window-unit cooling serve the existing structure. The site includes an oversized parking lot, public water, and a septic tank. Its current automotive improvements can remain in place for shop operations, while the additional interior area provides flexibility for office or residential use.
Key Highlights
- 4,000‑square‑foot automotive shop on 1 acre
- Vehicle lifts and air compressors convey with the property
- Complete living quarters or office area included
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
$45,090
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
6.01%
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%
$901,800
$901.8K
Cap Rate 7%
$644,143
$644.1K
Cap Rate 9%
$501,000
$501.0K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$11.9K −$2.97/SF
EGI
$60.1K $15.03/SF
− OpEx
−$15.0K −$3.76/SF
NOI
$45.1K $11.27/SF
Area
Marshall County, AL
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$901,800
Cap Rate 7%
$644,143
Cap Rate 9%
$501,000
Alternative Uses
Best Use
Office B
$644.1K
$563.6K – $751.5K
NOI $45,090 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$364.5K
$319.0K – $425.3K
NOI $25,518 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$863.3K
$755.4K – $1.01M
NOI $60,434 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35951, AL
14,219
Population
5,778
Households
2.5
Avg Household Size
36
Median Age
14%
College-Educated
75%
High-School Grad
77.8 sq mi
ZIP Area
183
Density / Sq Mi
$51,869
Median Household Income
$30,701
Median Earnings
$688
Median Rent
$147,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- BUDDY'S AUTO REPAIR — 3098 AL-75, Albertville, AL 35951
Frequently Asked Questions
What type of property is this?
Auto shop - Vehicle lifts, air compressors, and adaptable living or office space support continued automotive use or conversion.
Where is this auto shop located?
The property is located at 3098 Alabama Highway 75 Albertville, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4,000‑square‑foot automotive shop on 1 acre; Vehicle lifts and air compressors convey with the property; Complete living quarters or office area included
