11556 Highway 231 431 N, Meridianville, AL 35759
Remodeled historic home on 4.69 acres, ideal for business.
- Added:
- May 5, 2025
- Days on Market:
- 430
- Last Refresh:
- Jun 29 at 9:16 pm
Property Features for 11556 Highway 231 431 N
General Information
- Standard status
- Active
- Size
- 4,124 SF
- Lot size
- 4.69 Acres
- Property subtype
- Business Opportunity
Listing office Russ Russell Real Estate (256) 527-7777
Listing date May 5, 2025
Source Exprealty
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 Russ Russell Real Estate
HighLights
- Versatile Live/Work Property: Ideal for wedding venue, studio, B&B, or professional business.
- Spacious Remodeled Historic Home: 4,124SF with 4 bedrooms and 4 baths.
- Large Acreage: 4.69 acres provides ample space.
- Business Opportunity: Chance to own a business with historical significance.
- Convenient Location: Only 1.2 miles to the Madison County Executive Airport.
- Additional Land Available: Seller has more land for sale.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Meridianville
- County
- Madison
- State
- Alabama
- Longitude
- -86.5709
- Latitude
- 34.8484
