3-Bay Auto
New
For Sale
$1,100,000
10982 US Highway 431, Albertville, AL 35950
Business Opportunity, Albertville, AL
Property Size9,000 SF
Lot Size1.10 Acres
Price / SF$122.22
Days on Market1
Property Features for 10982 US Highway 431
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Albertville, Take Hwy 431 North. Property Is On The Right Behind Bill Hancock Auto
Standard status
Active
APN
1609310001006.007
Size
9,000 SF
Lot size
1.10 Acres
Additional Details
Automotive Uses
auto repair
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
Two offices
Six bathrooms
shower
full kitchen
laundry room
central heated and cooled
Building Details
Floors in Building
1
Flooring type
Concrete
Buildings
1
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Shelli Walker · License #116232
(256) 506-1291
Added: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 21932711
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.
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Investment Insights
Based on property information with market context.
Completed in 2024, this 9,000-square-foot auto shop sits on 1.1 acres and measures 66 by 150 feet. Its three shop areas can be opened into a clear-span space by removing the interior walls. Features include spray foam insulation, concrete floors over 8 inches thick, floor drains and plumbed air lines in each bay, and powered bay doors with 14-foot clearance. Natural gas is available in each bay.
The building also contains two offices, six bathrooms, a shower, a full kitchen, and a laundry room. Central heating and cooling serve the property. Public water and sewer are available. The property is on US Highway 431 in Albertville, near the Target Center.
The building also contains two offices, six bathrooms, a shower, a full kitchen, and a laundry room. Central heating and cooling serve the property. Public water and sewer are available. The property is on US Highway 431 in Albertville, near the Target Center.
Key Highlights
- 9,000‑square‑foot shop on 1.1 acres; built in 2024
- 66 by 150 feet with three shop areas and removable interior walls
- Powered bay doors with 14‑foot clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,414
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,280
$1.1M
Cap Rate 7%
$820,200
$820.2K
Cap Rate 9%
$637,933
$637.9K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$89.6K $9.96/SF
− Vacancy
−$7.6K −$0.85/SF
EGI
$82.0K $9.11/SF
− OpEx
−$24.6K −$2.73/SF
NOI
$57.4K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,280
Cap Rate 7%
$820,200
Cap Rate 9%
$637,933
Alternative Uses
Best Use
Retail
$820.2K
$717.7K – $956.9K
NOI $57,414 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $135,976 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
75k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 54%
Groceries 28%
Dining 18%
Lowe's
Home Improvements & Furnishings
40,646 visits/mo
0.2 miles
Aldi
Groceries
20,795 visits/mo
0.1 miles
Hardee's
Dining
8,626 visits/mo
0.1 miles
Captain D's
Dining
5,250 visits/mo
0.3 miles
Demographics for 35950, AL
22,239
Population
7,762
Households
2.9
Avg Household Size
33
Median Age
19%
College-Educated
79%
High-School Grad
43.2 sq mi
ZIP Area
515
Density / Sq Mi
$56,457
Median Household Income
$35,450
Median Earnings
$808
Median Rent
$149,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Gilbert & Baugh Ford, Inc. Service — 10195 US-431, Albertville, AL 35950
- HHE Automotive Towing — 10537 US-431, Albertville, AL 35950
- Allison Alternator & Starter — 11151 US-431, Albertville, AL 35950
- Langs Upholstery — 1120 Vickie Dr, Albertville, AL 35950
- Brian's Wholesale — 10934 US-431, Albertville, AL 35950
Frequently Asked Questions
What type of property is this?
Auto shop - Three work areas can be combined by removing the interior partitions.
Where is this auto shop located?
The property is located at 10982 US Highway 431 Albertville, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 9,000‑square‑foot shop on 1.1 acres; built in 2024; 66 by 150 feet with three shop areas and removable interior walls; Powered bay doors with 14‑foot clearance
