Mixed-Use Property in High
10187 ALABAMA HIGHWAY 40, Henagar, AL 35978
For Sale
$99,900
Commercial Sale, HENAGAR, AL
Property Size1,200 SF
Lot Size0.98 Acres
Price / SF$83.25
Days on Market426
Property Features for 10187 ALABAMA HIGHWAY 40
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Cooling system
Water source
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Southern Properties Agency Inc
(256) 845-6000
Listed By:
Pam Wheeler · License AL #066064
(256) 996-0687
Added: Sep 12, 2025
Changed: Oct 29
Last Checked: Nov 11 at 6:06AM
MLS# 21899033
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Investment Insights
Based on property information with market context.
This mixed-use property is situated in a high-traffic location. It includes an auto building suited for auto sales, repair, or detailing businesses, along with a residential home that could be used for owner occupancy or rental income. The property offers a blend of business and living opportunities. The structures require some maintenance, as they have not been occupied for several years. The lot size is 0.98 acres and the property size is 1,200 square feet. The property is located in Henagar, Alabama.
Key Highlights
- High traffic location ideal for business
- Mixed‑use property: commercial auto building and residential home
- Suitable for owner occupancy or rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,258
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,160
$145.2K
Cap Rate 7%
$103,686
$103.7K
Cap Rate 9%
$80,644
$80.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$11.5K $9.60/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$10.4K $8.64/SF
− OpEx
−$3.1K −$2.59/SF
NOI
$7.3K $6.05/SF
Area
DeKalb County, AL
Vacancy
10.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,160
Cap Rate 7%
$103,686
Cap Rate 9%
$80,644
Alternative Uses
Best Use
Retail
$103.7K
$90.7K – $121.0K
NOI $7,258 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$93.6K
$81.9K – $109.2K
NOI $6,551 @ 7.0% cap · market cap 6.56%
Theoretical Best
Healthcare Medical
$193.3K
$169.2K – $225.5K
NOI $13,532 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
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Business Placement
Demographics for 35978, AL
5,436
Population
2,305
Households
2.4
Avg Household Size
43
Median Age
9%
College-Educated
83%
High-School Grad
69.4 sq mi
ZIP Area
78
Density / Sq Mi
$52,545
Median Household Income
$35,914
Median Earnings
$747
Median Rent
$123,900
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with auto building and residential home.
Where is this mixed-use property located?
The property is located at 10187 ALABAMA HIGHWAY 40 Henagar, AL.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: High traffic location ideal for business; Mixed‑use property: commercial auto building and residential home; Suitable for owner occupancy or rental income
