Operating Service Garage on
38023 US-11 Hammondville, AL 35989
38023 US-11, Hammondville, AL, 35989
Contact for pricing
For Sale
Contact for pricing
Operating service garage with equipment on 1.2 acres.
Property Size2,400 SF
Lot Size1.20 Acres
Price / SF$106.21
Days on Market484
Property Features for 38023 US-11
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 1.20 Acres
- Property subtype
- Business for Sale
Building Details
- Year Built
- 2007
Listing Agency
BHHS Southern Routes Realty
Listed by
Vickie McBryar · License #GA 203988
Source
Crexi
Added: Mar 20, 2025 Checked: Jul 15 at 11:03 pm
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 BHHS Southern Routes Realty
Investment Insights
Based on property information with market context.
This is an open and operating service garage, referred to as Scotty's Service Center, situated in Hammondville. The property includes 1.2 acres with 250 feet of road frontage on US Highway 11. The building provides 2400 square feet of shop space featuring 3 bays, along with a 16x22 office area. Additional storage is available with a 12x60 covered lean-to, and an 18x20 gated lean-to located in the back. The sale includes equipment such as a 4-post rotary lift, two 2-post rotary lifts, a Hunter brake lathe, a Hunter tire changer, a Coats wheel balancer, a Porta cool fan, an Energy Logic Waste Oil Heater, and a 50 ft enclosed box trailer for scrap tire storage. This property presents a business opportunity.
Key Highlights
- Operating service garage with existing business
- Includes valuable equipment: Rotary lifts, Hunter brake lathe, tire changer, wheel balancer, and waste oil heater
- 2400 sq ft of shop space with 3 bays
Local Financial Insights For 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 | $23.0k | $9.60 |
| − Vacancy | −$2.3k | −$0.96 |
| EGI | $20.7k | $8.64 |
| − OpEx | −$6.2k | −$2.59 |
| NOI | $14.5k | $6.05 |
2,400 SF · lease $9.60/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$114.3K
$100.0K – $133.4K
NOI $8,002 @ 7.0% cap · market cap 3.14%
Theoretical Best
Healthcare Medical
$386.6K
$338.3K – $451.1K
NOI $27,065 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Scotty's 2 Service Center — 38013 US-11, Valley Head, AL 35989
FAQs
What type of property is this?
Auto shop - Operating service garage with equipment on 1.2 acres.
Where is this auto shop located?
The property is located at 38023 US-11 Hammondville, AL.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Operating service garage with existing business; Includes valuable equipment: Rotary lifts, Hunter brake lathe, tire changer, wheel balancer, and waste oil heater; 2400 sq ft of shop space with 3 bays
