Historic Downtown
For Sale
$205,000
109 Main St W, Hartselle, AL 35640
An open-layout commercial building with B3 zoning in downtown Hartselle.
Property Size2,160 SF
Price / SF$94.91
Days on Market68
Property Features for 109 Main St W
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Retail
Zoning
B3
Amenities
Open Layout
Building Details
Building Size
2,160 SF
Year Built
1910
Listing Agency:
(256) 606-2424
Listed By:
Will Swann · License #AL #000173842-0
(256) 606-2424
Source:
Gatewaycommercial
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 30 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Will Swann
Investment Insights
Based on property information with market context.
Located at 109 Main St W in Hartselle, this 2,160-square-foot storefront building dates to 1910 and offers an open interior layout. The property is classified as a storefront property and is positioned for retail or street retail use.
Zoned B3, the building sits in Hartselle’s downtown historic area. Its documented history includes association with the Great Hartselle Bank Robbery of 1926, an unsolved event that remains part of the property’s identity. The combination of an established downtown address, historic construction, and flexible open floor plan creates a distinct commercial setting.
Zoned B3, the building sits in Hartselle’s downtown historic area. Its documented history includes association with the Great Hartselle Bank Robbery of 1926, an unsolved event that remains part of the property’s identity. The combination of an established downtown address, historic construction, and flexible open floor plan creates a distinct commercial setting.
Key Highlights
- 2,160 SF storefront building
- Constructed in 1910
- B3 zoning
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
$17,863
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
8.71%
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%
$357,260
$357.3K
Cap Rate 7%
$255,186
$255.2K
Cap Rate 9%
$198,478
$198.5K
Market Conditions
NOI Build-Up for 2,160 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
$28.5K $13.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$25.5K $11.81/SF
− OpEx
−$7.7K −$3.54/SF
NOI
$17.9K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /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%
$357,260
Cap Rate 7%
$255,186
Cap Rate 9%
$198,478
Alternative Uses
Best Use
Retail
$255.2K
$223.3K – $297.7K
NOI $17,863 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.4K
$393.2K – $524.3K
NOI $31,457 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
74k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 21%
Home Improvements & Furnishings 15%
Electronics 1%
McDonald's
Dining
23,793 visits/mo
0.5 miles
Wendy's
Dining
11,964 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
9,641 visits/mo
0.5 miles
Hardee's
Dining
5,820 visits/mo
0.5 miles
Shell
Shops & Services
5,272 visits/mo
0.4 miles
Demographics for 35640, AL
25,913
Population
11,023
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
106.9 sq mi
ZIP Area
242
Density / Sq Mi
$69,686
Median Household Income
$43,844
Median Earnings
$767
Median Rent
$196,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kroger Floral Department — 241 Hwy 31 SW #60, Hartselle, AL 35640
- It's Your Day @ Smiths Florist — 406 Main St W, Hartselle, AL 35640
- It's Your Day — 406 Main St W, Hartselle, AL 35640
Frequently Asked Questions
What type of property is this?
Storefront property - An open-layout commercial building with B3 zoning in downtown Hartselle.
Where is this storefront property located?
The property is located at 109 Main St W Hartselle, AL.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 2,160 SF storefront building; Constructed in 1910; B3 zoning
