Three-Unit Office/Medical
1635 Highway 31 NW Hartselle, AL 35640
1635 Highway 31 NW, Hartselle, AL, 35640
$1,500,000
For Sale
$1,500,000
Well-maintained 5,900 SF building with three units, built in 2000 and zoned B1 along Highway 31.
Property Size5,900 SF
Price / SF$254.24
Days on Market11
Property Features for 1635 Highway 31 NW
General Information
- Standard status
- Active
- Size
- 5,900 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
(256) 606-2424
Listed by
Will Swann · License #AL #000173842-0
(256) 606-2424
Source
Gatewaycommercial
Added: Jul 11 Updated: Jul 20 at 7:03PM Checked: Jul 20 at 7:03PM
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 Will Swann
Investment Insights
Based on property information with market context.
This well-maintained commercial building offers a versatile, single or multi-tenant configuration with three office/medical units. Constructed in 2000, the property totals 5,900 square feet and is described as having a recently renovated suite, supporting office or medical/dental use.
Positioned along Highway 31, the property is presented as highly visible and accessible for tenants and clients. The remarks also note the building’s proximity to Hartselle Health Park ER and that it sits across from a proposed surgery center, reinforcing its suitability for medical-related businesses.
Positioned along Highway 31, the property is presented as highly visible and accessible for tenants and clients. The remarks also note the building’s proximity to Hartselle Health Park ER and that it sits across from a proposed surgery center, reinforcing its suitability for medical-related businesses.
Key Highlights
- 5,900 SF building built in 2000 with three units for office or medical use
- Zoned B1
- Located along Highway 31
Local Financial Insights For Healthcare Medical
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 | $123.9k | $21.00 |
| − Vacancy | −$13.0k | −$2.21 |
| EGI | $110.9k | $18.80 |
| − OpEx | −$44.4k | −$7.52 |
| NOI | $66.5k | $11.28 |
5,900 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$950.5K
$831.7K – $1.11M
NOI $66,534 @ 7.0% cap · market cap 4.44%
Second Best
Office B
$857.9K
$750.7K – $1.00M
NOI $60,056 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,923 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Charles Thornton
Physician
Richard Dodd
Pediatrician
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FAQs
What type of property is this?
Office units - Well-maintained 5,900 SF building with three units, built in 2000 and zoned B1 along Highway 31.
Where is this office units located?
The property is located at 1635 Highway 31 NW Hartselle, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,900 SF building built in 2000 with three units for office or medical use; Zoned B1; Located along Highway 31
