11556 Highway 231/431 Meridianville, AL 35759
COMMERCIAL - Meridianville, AL
Property Features for 11556 Highway 231/431
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
- Parking features
- Garage, Driveway
- Standard status
- Active
- APN
- 0804190000055.000
- Size
- 4,124 SF
- Lot size
- 4.69 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Wood
- Roof type
- Shingle
Listing agent Russ Russell License #25965 (256) 527-7777
Listing office Russ Russell Real Estate 923-C Merchants Walk, Huntsville, AL (256) 536-7777
Listing date May 21, 2026
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Investment Insights
Based on property information with market context.
Key Highlights
- Versatile live/work property suitable for various businesses. Favorable county zoning allows for wedding venue, studio, B&B, etc.
- Substantial 4,124SF historic house recently remodeled for modern comfort and style.
- Large 4.69‑acre lot offering ample space and potential.
Local Financial Insights For Office B
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 | $82.6k | $20.04 |
| − Vacancy | −$12.4k | −$3.01 |
| EGI | $70.2k | $17.03 |
| − OpEx | −$17.6k | −$4.26 |
| NOI | $52.7k | $12.78 |
