Automotive Garage with
1005 Gault Avenue N Fort Payne, AL 35967
New
For Sale
$499,000
COMMERCIAL - Fort Payne, AL
Property Size13,000 SF
Lot Size0.48 Acres
Price / SF$38.38
Days on Market1
Property Features for 1005 Gault Avenue N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Parking Lot
- Exterior features
- Sidewalks
- Standard status
- Active
- APN
- 2303081003.061.000
- Size
- 13,000 SF
- Lot size
- 0.48 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Concrete
Listing Agency:
Ole Heritage Realty, Inc.
(256) 997-0008
Listed By:
Jennifer Ledford · License #160775
(256) 899-5068
Added: Jul 25
Last Checked: Jul 25 at 11:06PM
MLS# 21924803
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Investment Insights
Based on property information with market context.
This commercial property is currently used as a private garage and is designed for automotive or flexible business needs. The building includes four garage doors, three office spaces, and a half bath, along with equipment such as three hydraulic lifts and an oil waste heater.
The property offers high-visibility frontage on Hwy 11 and is situated in Fort Payne, Alabama in DeKalb County. The site size is approximately 0.48 acres.
With its spacious garage layout and on-site office area, the building can support a range of operational setups that require both service space and administrative room.
The property offers high-visibility frontage on Hwy 11 and is situated in Fort Payne, Alabama in DeKalb County. The site size is approximately 0.48 acres.
With its spacious garage layout and on-site office area, the building can support a range of operational setups that require both service space and administrative room.
Key Highlights
- Commercial building on Hwy 11 with high‑visibility frontage and strong traffic exposure
- Includes 4 garage doors and is currently used as a private garage
- Equipped with 3 hydraulic lifts and an oil waste heater
Financial Insights For Industrial
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 | $65.5k | $5.04 |
| − Vacancy | −$3.6k | −$0.28 |
| EGI | $61.9k | $4.76 |
| − OpEx | −$18.6k | −$1.43 |
| NOI | $43.3k | $3.33 |
13,000 SF · lease $5.04/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,697 @ 7.0% cap · market cap 17.37%
Second Best
Retail
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 15.76%
Theoretical Best
Healthcare Medical
$2.09M
$1.83M – $2.44M
NOI $146,601 @ 7.0% cap · market cap 29.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- J&D Transmission and Auto Repair — 708 Gault Ave N, Fort Payne, AL 35967
- Dekalb Auto Repair — 712 Gault Ave N, Fort Payne, AL 35967
- GreenRiver Automotive — 1413 Gault Ave N, Fort Payne, AL 35967
- Kilgo's Mechanics — 218 Godfrey Ave NE, Fort Payne, AL 35967
- Ervin's Garage — 700 gault ave n, fort payne, al 35967
FAQs
What type of property is this?
Auto shop - Commercial garage building includes four garage doors, three office spaces, and three hydraulic lifts.
Where is this auto shop located?
The property is located at 1005 Gault Avenue N Fort Payne, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Commercial building on Hwy 11 with high‑visibility frontage and strong traffic exposure; Includes 4 garage doors and is currently used as a private garage; Equipped with 3 hydraulic lifts and an oil waste heater
