Auto Repair Shop with Tire
For Sale
$2,500,000
18300 S 3rd Street, Citronelle, AL 36522
Operational automotive facility with customer areas, service bays, offices, and dedicated parts and inventory rooms.
Property Size8,000 SF
Price / SF$312.50
Days on Market125
Property Features for 18300 S 3rd Street
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Service Bays
6
Taxes and HOA fees
Annual Taxes
$7,699
Amenities
7 offices
Star Link internet
lobby
waiting room
4 bathrooms
break room
7 bay doors
inventory room
parts room
closed cameras security
Building Details
Year Built
2005
Abandoned
No
Listing Agency:
Citronelle Realty
(251) 610-2934
Listed By:
Vincent Yancey · License #123629
(251) 610-2934
Source:
Exitrealty
Added: Apr 29
Changed: Aug 30
Last Checked: Aug 30 at 11:37PM
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 Citronelle Realty
Investment Insights
Based on property information with market context.
Built in 2005, this automotive facility combines a tire store with an auto repair operation in more than 8,000 square feet. The building includes seven offices, a lobby and waiting room, four bathrooms, a break room, inventory and parts rooms, and seven bay doors. Six service bays are equipped with car lifts, with air compressors supporting shop operations.
The property at 18300 S 3rd Street in Citronelle, Alabama, includes over 2 acres of paved parking with lighting and camera security. Starlink internet is installed. Additional revenue-producing arrangements include separately rented offices, consignment display space on part of the grassed area, and a U-Haul drop-off and pickup location.
The property at 18300 S 3rd Street in Citronelle, Alabama, includes over 2 acres of paved parking with lighting and camera security. Starlink internet is installed. Additional revenue-producing arrangements include separately rented offices, consignment display space on part of the grassed area, and a U-Haul drop-off and pickup location.
Key Highlights
- More than 8,000 square feet with tire store and auto repair operations
- 7 bay doors and 6 service bays equipped with car lifts
- 7 offices, lobby, waiting room, 4 bathrooms, and break room
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
$105,890
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
4.24%
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%
$2,117,800
$2.1M
Cap Rate 7%
$1,512,714
$1.5M
Cap Rate 9%
$1,176,556
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$158.4K $19.80/SF
− Vacancy
−$7.1K −$0.89/SF
EGI
$151.3K $18.91/SF
− OpEx
−$45.4K −$5.67/SF
NOI
$105.9K $13.24/SF
Area
Mobile County, AL
Vacancy
4.50%
Lease Rate
$19.80 /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%
$2,117,800
Cap Rate 7%
$1,512,714
Cap Rate 9%
$1,176,556
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,890 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$536.8K
$469.7K – $626.3K
NOI $37,578 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,975 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
338
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Badcock Home Furniture & More
Home Improvements & Furnishings
338 visits/mo
0.3 miles
Demographics for 36522, AL
7,396
Population
3,039
Households
2.4
Avg Household Size
39
Median Age
8%
College-Educated
88%
High-School Grad
233.1 sq mi
ZIP Area
32
Density / Sq Mi
$48,961
Median Household Income
$36,765
Median Earnings
$732
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Operational automotive facility with customer areas, service bays, offices, and dedicated parts and inventory rooms.
Where is this auto shop located?
The property is located at 18300 S 3rd Street Citronelle, AL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: More than 8,000 square feet with tire store and auto repair operations; 7 bay doors and 6 service bays equipped with car lifts; 7 offices, lobby, waiting room, 4 bathrooms, and break room
