Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 Puckett Rd Hartselle, AL 35640

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    31-unit apartment community in Hartselle, Alabama, near Highway 31.

    Type:Multifamily
    Property size:
    18,070 SF
    Added:
    Nov 21, 2025
    Days on Market:
    159
    Last Refresh:
    Apr 6 at 12:28 am

    Property Features for 102 Puckett Rd

    General Information

    Standard status
    Active
    Size
    18,070 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Paul McDonald

    Listing agent Paul McDonald

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Paul McDonald

    Overview

    Hartselle Multifamily Investment Opportunity

    Puckett Apartments is a 31-unit garden-style multifamily community located in Hartselle, Alabama. The property is situated one mile from Highway 31, providing convenient access to local employers, retail, and dining options. Constructed in 1986, the five well-maintained apartment buildings offer a total of 18,070 square feet of rentable living space. The property sits on 2.69 acres. Residents can enjoy comfortable floorplans in a quiet, suburban setting. Puckett Apartments offer investors an opportunity to tap into a vibrant community with a small-town ambiance. Residents have easy access to nearby attractions like Sparkman Park and the historic downtown district filled with local shops and restaurants. Hartselle is also known for its excellent school system, making it an appealing choice for families. The area's growing economy and strong sense of community make it an ideal location for investors seeking a multifamily or low-rise/garden property with long-term potential, presenting a value-add opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartselle
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9592
    Latitude
    34.4411

    Nearby Similar for Sale

    • $999,000
      11,700 SF

      Hartselle Office Building with Income

      11,700 sq ft office building with rental income potential.
      400 Chestnut St, Hartselle, AL 35640
      View Details
    • $1,100,000
      11,700 SF

      Hartselle Commercial Office Building

      Commercial office building in Hartselle with multiple offices and amenities.
      400 Chestnut Street NW, Hartselle, AL 35640
      View Details
    • $379,000
      3,200 SF

      Hartselle Commercial Business Opportunity

      Commercial business opportunity in Hartselle, Alabama. Engine repair and rebuild.
      1111 Mount Tabor Road, Hartselle, AL 35640
      View Details
    • $450,000

      Hartselle Land with Pond

      14.85 acres near Hartselle with pond, ready to build.
      451 Forest Chapel Road, Hartselle, AL 35640
      View Details
    • $279,000
      2,120 SF

      Hartselle Duplex Near Downtown

      Well-maintained duplex in Hartselle, near schools, restaurants, and I-65.
      715 Main Street E, Hartselle, AL 35640
      View Details
    • $225,000
      2,478 SF

      Hartselle Duplex with Carports

      Fully occupied, full brick duplex in downtown Hartselle, Alabama.
      803 Main Street E, Hartselle, AL 35640
      View Details
    • $189,000

      Commercial Building in Downtown Hartselle

      Income-producing commercial property in historic downtown Hartselle, Alabama.
      127 Main ST, Hartselle, AL 35640
      View Details
    • $189,000

      Commercial Building in Historic Downtown

      Income-producing commercial property in Hartselle's historic downtown area.
      125 Main ST, Hartselle, AL 35640
      View Details
    • $1,375,000
      11,700 SF

      Hartselle Commercial Office Building

      11,700 sq ft office building in prime Hartselle location.
      400 Chestnut NW Street, HARTSELLE, AL 35640
      View Details
    • $3,319,600
      14,754 SF

      Hartselle Walgreens NNN Lease Extension

      Walgreens NNN lease extended through 2038, Hartselle, Alabama.
      201 Hwy 31 NW, Hartselle, AL 35640
      View Details
    • $225,000

      Downtown Hartselle Fully Occupied Duplex

      Fully occupied duplex in downtown Hartselle, Alabama, ideal for investors.
      803 Main E Street, Hartselle, AL 35640
      View Details
    • $1,600,000
      1,705 SF

      Secluded 98-Acre Farm

      Private farm with pastures, hardwoods, ponds, and multiple outbuildings.
      275 Beard Rd, Hartselle, AL 35640
      View Details

    FAQs

    What type of property is this?
    Apartment building - 31-unit apartment community in Hartselle, Alabama, near Highway 31.
    Where is this apartment building located?
    The property is located at 102 Puckett Rd Hartselle, AL.
    What are key features of this property?
    This property features: 31‑unit multifamily community in Hartselle, Alabama; Convenient location: one mile from Highway 31, near employers, retail, and dining; Value‑add opportunity
    (256) 534-7401
    We can help!
    Listing Contact
    Paul McDonald
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!