Redevelopment Opportunity on Hendrix
12102 Hendrix Avenue, Northport, AL 35476
0.70-acre site suitable for redevelopment or continued car wash.
Type:Commercial/Industrial
Property size:
3,427 SFLot size:
0.70 AcresPrice / SF:
$189/SF- Added:
- Sep 13, 2025
- Days on Market:
- 263
- Last Refresh:
- Apr 8 at 12:25 am
Property Features for 12102 Hendrix Avenue
General Information
- Standard status
- Active
- Size
- 3,427 SF
- Lot size
- 0.70 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2005
Listing agent JacQuan Winters (205) 535-6564
Listing office Pritchett Moore Real Estate (205) 535-6564
Listing date Sep 13, 2025
Source Exitrealty
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 Pritchett Moore Real Estate
HighLights
- High traffic location on Hwy 43 with approximately 24,000 vehicles daily.
- ±0.70‑acre site suitable for redevelopment, sale, lease, ground lease, or build‑to‑suit.
- Existing car wash with drive‑through automated wash and four self‑serve bays with vacuums.
- Strong neighboring tenants include O’Reilly Auto Parts, McDonald’s, and Jack’s.
- Well‑suited for continued car wash operations.
- Property built in 2005.
Overview
This approximately 0.70-acre site presents a prime opportunity for redevelopment, sale, lease, ground lease, or build-to-suit. Currently, the site features a car wash equipped with a drive-through automated wash and four self-serve wash bays with vacuums. The location benefits from high visibility, with Highway 43 averaging a daily traffic count of approximately 24,000 vehicles. The property is surrounded by established businesses, including O’Reilly Auto Parts, McDonald’s, and Jack’s. The site is suitable for continued car wash operations or future redevelopment.
Local Financial Insights For Specialty Retail
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 | $61.7k | $18.00 |
| − Vacancy | −$4.2k | −$1.22 |
| EGI | $57.5k | $16.78 |
| − OpEx | −$14.4k | −$4.19 |
| NOI | $43.1k | $12.58 |
3,427 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$616.0K
$539.0K – $718.7K
NOI $43,119 @ 7.0% cap · market cap 6.63%
Second Best
Retail
$549.8K
$481.1K – $641.4K
NOI $38,485 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$823.5K
$720.6K – $960.8K
NOI $57,648 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Self service car ...
Location Insight
- Map
- Local Demand
- City
- Northport
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.6566
- Latitude
- 33.393
Nearby Similar for Sale
FAQs
What type of property is this?
Car wash - 0.70-acre site suitable for redevelopment or continued car wash.
Where is this car wash located?
The property is located at 12102 Hendrix Avenue Northport, AL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: High traffic location on Hwy 43 with approximately 24,000 vehicles daily.; ±0.70‑acre site suitable for redevelopment, sale, lease, ground lease, or build‑to‑suit.; Existing car wash with drive‑through automated wash and four self‑serve bays with vacuums.
