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    Meridianville Office on High-Traffic Highway Title is generated by Realmo AI

    11733 Highway 231/431, Meridianville, AL 35759

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    Claim this Listing
    New
    For Sale
    $325,000

    SINGLE_FAMILY - Meridianville, AL

    Type:Office
    Property size:
    1,887 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $172/SF
    Added:
    May 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 31 at 11:06 pm

    Property Features for 11733 Highway 231/431

    General Information

    Property type
    Residential
    Property subtype
    Office
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    0706240001047001.
    Size
    1,887 SF
    Lot size
    0.43 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Dustin Taylor

    Listing agent Dustin Taylor License #86399

    Listing office Taylor Properties 201 B James K Taylor Lane Dustin Taylor, AL

    Listing date May 30, 2026

    MLS# 21888818

    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.

    HighLights

    • High‑visibility location with 36,000+ vehicles per day (VPD).
    • Boasts 82 ft of frontage on Hwy 231/431.
    • Currently configured as a commercial office space with potential for residential conversion.
    • Full brick construction.
    • Approximately 10 parking spaces.
    • Features two full bathrooms and a full kitchen.

    Overview

    Located in Meridianville, this property offers high visibility with over 36,000 vehicles passing daily. The full brick building, currently used as an insurance company, features three bedrooms converted into offices, and a converted garage with a separate entrance. The living room serves as a reception and waiting area, complete with a fireplace. The property includes a full kitchen and two full bathrooms. It has 82 feet of frontage on Highway 231/431 and approximately 10 parking spaces. The property shares a driveway with the adjacent property to the north. The building has 1,887 square feet of space and sits on a 0.43-acre lot. This property presents a business opportunity in a rapidly growing area.

    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 $37.8k $20.04
    − Vacancy −$5.7k −$3.01
    EGI $32.1k $17.03
    − OpEx −$8.0k −$4.26
    NOI $24.1k $12.78
    1,887 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $344.4K
    $301.3K – $401.8K (±1% cap)
    NOI $24,107 @ 7.0% cap · market cap 7.42%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $491.4K
    $430.0K – $573.3K (±1% cap)
    NOI $34,396 @ 7.0% cap · market cap 10.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Meridianville
    County
    Madison
    State
    Alabama
    Longitude
    -86.571905
    Latitude
    34.853352

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    FAQs

    What type of property is this?
    Office units - Office property in high-visibility location with 36,000+ daily traffic.
    Where is this office units located?
    The property is located at 11733 Highway 231/431 Meridianville, AL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: High‑visibility location with 36,000+ vehicles per day (VPD).; Boasts 82 ft of frontage on Hwy 231/431.; Currently configured as a commercial office space with potential for residential conversion.
    (256) 683-3876
    We can help!
    Listing Contact
    Dustin Taylor
    Real Estate License ID: 86399
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    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
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