Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1091 Highway 31 NW Hartselle, AL 35640

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,000 SF retail suite in high-traffic Hartselle corridor.

    Type:Retail
    Property size:
    2,000 SF
    Added:
    Apr 8, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 1 at 11:47 am

    Property Features for 1091 Highway 31 NW

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2014

    Spaces For Lease

    at 1091 Highway 31 NW Contact us

    We can help!

    Listing Contact
    Josh Bray

    Listing agent Josh Bray License #AL #000158673-0

    Listing office

    Listing date Apr 8, 2026

    Source Chasecommercial

    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 Josh Bray

    Overview

    Retail Space in Hartselle Shoppes

    Located at 1091 Highway 31 NW, Hartselle, AL, Hartselle Shoppes offers a 2,000 SF inline retail suite. The total building size is 17,560 SF, with a parking ratio of 4.9 spaces per 1,000 SF. Traffic counts on Highway 31 are approximately 21,500 vehicles per day. The property is anchored by a Walmart Supercenter, which is adjacent to the shoppes. Current tenants include Dollar Tree, Marco’s Pizza, Osaka Japanese Cuisine, and Mia Nail Salon. This property is situated in a high-traffic retail corridor with national co-tenancy, making it ideal for retail, service, medical, or food and beverage businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store Mia Nail lounge Nail Salon Marco's Pizza Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartselle
    County
    Morgan
    State
    Alabama
    Longitude
    -86.937665
    Latitude
    34.433607

    Nearby Similar for Lease

    • $12/mo

      Retail Space in Morgan Plaza

      Easily accessible retail space with high visibility and national tenants.
      240 Highway 31 Southwest, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Retail spaces available in Hartselle's busiest retail center.
      241 Highway 31 SW, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Hartselle Shoppes

      Retail space for lease in high-traffic shopping center.
      1091 Highway 31 NW, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Hartselle Retail Space For Lease

      Retail space available in Walmart Shadow Center in Hartselle, AL.
      1199 Highway 31 NW, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Retail spaces available in Hartselle's busiest retail center.
      241 Hwy 31 SW, Hartselle, AL
      View Details
    • Contact for pricing

      Hartselle Warehouse & Manufacturing Facility

      282,610 SF warehouse/manufacturing facility on 46.94 acres for lease.
      1641 Thompson Rd, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Hartselle Centre

      Retail space in a newer 3-tenant retail center.
      709 US-31, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Highly Visible Retail Space Available

      Easily accessible retail space with national tenants and high visibility.
      240 Highway 31Southwest, Hartselle, AL 35640
      View Details
    • $12/mo

      Retail Strip Center For Rent

      Retail strip center with high traffic and ample parking.
      701 Hwy 31 S, Hartselle, AL 35640
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,000 SF retail suite in high-traffic Hartselle corridor.
    Where is this retail space located?
    The property is located at 1091 Highway 31 NW Hartselle, AL.
    What are key features of this property?
    This property features: Anchored by Walmart Supercenter (adjacent); High‑traffic retail corridor with national co‑tenancy; Traffic Counts: ±21,500 VPD on Highway 31
    (256) 468-2099
    We can help!
    Listing Contact
    Josh Bray
    Real Estate License ID: AL #000158673-0
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!