Metal-Building Auto
For Sale
$220,000
14684 Hammons Road, Athens, AL 35611
Commercial shop with vehicle lifts, restroom, and on-site sewer, water, and electric service.
Property Size3,900 SF
Price / SF$56.41
Days on Market683
Property Features for 14684 Hammons Road
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Commercial/Industrial
Additional Details
Utilities to Site
Yes
Service Bays
2
Amenities
bathroom
Building Details
Buildings
1
Construction
metal
Listing Agency:
AAA Realty & Auction
(256) 260-5531
Listed By:
Gregg Crow · License #91899
(256) 260-5531
Source:
Exitrealty
Added: Oct 18, 2024
Changed: Aug 31
Last Checked: Aug 31 at 3:47AM
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 AAA Realty & Auction
Investment Insights
Based on property information with market context.
This commercial auto shop is housed in a metal building and includes two vehicle lifts and one bathroom. Sewer, water, and electric service are already on site, supporting the property’s existing shop configuration. The property is located at 14684 Hammons Road in Athens, Alabama, and carries no restrictions as stated in the property information.
Key Highlights
- Metal commercial shop building
- Two vehicle lifts included
- One bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,479
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,580
$309.6K
Cap Rate 7%
$221,129
$221.1K
Cap Rate 9%
$171,989
$172.0K
Market Conditions
NOI Build-Up for 3,900 SF
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.
Gross rent
$23.4K $6.00/SF
− Vacancy
−$1.3K −$0.33/SF
EGI
$22.1K $5.67/SF
− OpEx
−$6.6K −$1.70/SF
NOI
$15.5K $3.97/SF
Area
Limestone County, AL
Vacancy
5.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,580
Cap Rate 7%
$221,129
Cap Rate 9%
$171,989
Alternative Uses
Best Use
Retail
$680.9K
$595.8K – $794.4K
NOI $47,666 @ 7.0% cap · market cap 21.67%
Second Best
Flex RnD
$599.7K
$524.8K – $699.7K
NOI $41,980 @ 7.0% cap · market cap 19.08%
Theoretical Best
Office A
$1.02M
$888.6K – $1.18M
NOI $71,089 @ 7.0% cap · market cap 32.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Service bays
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35611, AL
27,168
Population
13,709
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
81%
High-School Grad
115.1 sq mi
ZIP Area
236
Density / Sq Mi
$54,606
Median Household Income
$38,872
Median Earnings
$796
Median Rent
$201,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pitts Auto Parts Inc — 14363 Blackburn Rd, Athens, AL 35611
- Kyle’s Automotive And Repo — 14475 Blackburn Rd, Athens, AL 35611
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial shop with vehicle lifts, restroom, and on-site sewer, water, and electric service.
Where is this auto shop located?
The property is located at 14684 Hammons Road Athens, AL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Metal commercial shop building; Two vehicle lifts included; One bathroom
