Commercial Building with Detached
111 Bangor NE Avenue Hanceville, AL 35077
111 Bangor NE Avenue, Hanceville, AL, 35077
$459,900
For Sale
$459,900
6490 SF commercial building with separate garage and parking.
Property Size6,490 SF
Price / SF$70.86
Days on Market122
Property Features for 111 Bangor NE Avenue
General Information
- Standard status
- Active
- Size
- 6,490 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing Agency
A.H. Sothebys Int. Realty
(772) 285-1673
Listed by
David Dahne · License #156303
(772) 285-1673
Source
Exitrealty
Added: Mar 18 Checked: Jul 16 at 7:52 am
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 A.H. Sothebys Int. Realty
Investment Insights
Based on property information with market context.
This commercial building offers 6490 square feet of space, accompanied by a detached 24' x 26' garage. The building's layout allows for easy separation into two distinct business spaces, each exceeding 3000 square feet. A 23' x 65' grassy area is situated at the front left of the building, providing potential for parking or outdoor business activities. The detached garage can serve as storage or be adapted for business use. An additional 26' x 77' grassy area is located behind the garage on Blountsville Street, offering further parking or business opportunities. The building currently features a loft built within the bay area, along with a storage area or business space at the rear bay, behind the two front bays.
Key Highlights
- 6490 SF Commercial Building
- Easily Separable into Two 3000 SF+ Businesses
- Separate 24'X26' Garage
Local Financial Insights For Flex RnD
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 | $58.4k | $9.00 |
| − Vacancy | −$4.7k | −$0.72 |
| EGI | $53.7k | $8.28 |
| − OpEx | −$18.8k | −$2.90 |
| NOI | $34.9k | $5.38 |
6,490 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$499.0K
$436.6K – $582.2K
NOI $34,929 @ 7.0% cap · market cap 7.59%
Second Best
Industrial
$360.2K
$315.2K – $420.2K
NOI $25,214 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$956.8K
$837.2K – $1.12M
NOI $66,977 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 6490 SF commercial building with separate garage and parking.
Where is this flex space located?
The property is located at 111 Bangor NE Avenue Hanceville, AL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 6490 SF Commercial Building; Easily Separable into Two 3000 SF+ Businesses; Separate 24'X26' Garage
