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    36245 Highway 231 Ashville, AL 35953

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    For Sale
    $135,000

    COMMERCIAL - Ashville, AL

    Property size:
    1,446 SF
    Added:
    Apr 7, 2026
    Days on Market:
    12
    Last Refresh:
    Apr 18 at 12:06 am

    Property Features for 36245 Highway 231

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    591201010001006
    Size
    1,446 SF

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s), Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    1
    Flooring type
    Wood, Tile
    Roof type
    Shingle

    We can help!

    Listing Contact
    Erika Lischinski

    Listing agent Erika Lischinski License #170461

    Listing office Clokey Realty Inc 3224 Rainbow Drive, AL

    Listing date Apr 7, 2026

    MLS# 21914425

    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.

    Overview

    Commercial Property on Highway 231

    This commercial property offers a versatile space with excellent visibility on Highway 231, located less than a mile from I-59 in Ashville, Alabama. The 1,446-square-foot property is a multi-tenant building featuring a thoughtfully designed space previously used as a coffee shop, which is currently vacant. The left side of the building is leased to a hair salon, providing immediate income potential. The property is ideally suited for a small cafe, coffee shop, or other service-based business, with a layout that allows for multiple income streams or owner-occupant flexibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ashville
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.278314
    Latitude
    33.852151

    Nearby Similar for Sale

    • $44,900

      Warehouse in Ashville, Alabama

      Warehouse suitable for workshop or small business in Ashville.
      0 COUNTY ROAD 33, ASHVILLE, AL 35953
      View Details
    • $2,500,000

      ASHVILLE Retail/Automotive Property on I-59

      5.5 acres with a 9,000 sq ft main building.
      36587 US HWY 231, ASHVILLE, AL 35953
      View Details
    • $2,500,000
      9,000 SF

      Former Dealership on 5 Acres

      9,000 SF building with showroom and warehouse space.
      36587 US HWY 231, Ashville, AL 35953
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial property with income potential in Ashville, Alabama.
    Where is this retail space located?
    The property is located at 36245 Highway 231 Ashville, AL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Excellent visibility on Hwy 231 and proximity to I‑59.; Multi‑tenant property with immediate income potential from existing hair salon lease.; Versatile space suitable for a cafe, coffee shop, or other service‑based business.
    (205) 510-8257
    We can help!
    Listing Contact
    Erika Lischinski
    Real Estate License ID: 170461
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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