Auto Shop with 2
For Sale
$220,000
14684 Hammons Road, Athens, AL 35611
COMMERCIAL - Athens, AL
Property Size3,900 SF
Lot Size0.68 Acres
Price / SF$56.41
Days on Market213
Property Features for 14684 Hammons Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
From Hwy 72 And Blackburn Rd Go South On Blackburn Rd T-Rt On Grubs Rd Then T-Lf On Hammons Rd On Lf.
Standard status
Active
Size
3,900 SF
Lot size
0.68 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Amenities
2 lifts
1 bathroom
sewer
water
electric
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Aaa Realty & Auction
(256) 232-0944
Listed By:
Gregg Crow · License #91899
(256) 260-5531
Added: Jan 11
Changed: Aug 4
Last Checked: Aug 12 at 6:06PM
MLS# 21873484
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.
Investment Insights
Based on property information with market context.
This auto shop property includes a 3900-square-foot metal building on 0.68 acres. The interior features concrete flooring, two vehicle lifts, and one bathroom, creating a functional setup for automotive service operations. Public water is available, and electric service is already connected to the site.
The property is located at 14684 Hammons Road in Athens, Alabama, within Limestone County. Its commercial building format and existing service equipment provide a defined automotive-use configuration without requiring a ground-up improvement program.
The property is located at 14684 Hammons Road in Athens, Alabama, within Limestone County. Its commercial building format and existing service equipment provide a defined automotive-use configuration without requiring a ground-up improvement program.
Key Highlights
- 3900‑square‑foot metal commercial building
- 0.68‑acre property in Athens, Alabama
- Two vehicle lifts included
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
Industrial
$221.1K
$193.5K – $258.0K
NOI $15,479 @ 7.0% cap · market cap 7.04%
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
Property Profile
Current Use
Lease Details
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kyle’s Automotive And Repo — 14475 Blackburn Rd, Athens, AL 35611
- Pitts Auto Parts Inc — 14363 Blackburn Rd, Athens, AL 35611
Frequently Asked Questions
What type of property is this?
Auto shop - Metal commercial building with service equipment, concrete floors, and established utility connections.
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: 3900‑square‑foot metal commercial building; 0.68‑acre property in Athens, Alabama; Two vehicle lifts included
