Mixed-Use Property with
For Sale
$425,000
204 Main Street, Hartselle, AL 35640
Open commercial space connects with a three-bedroom residence, private patio, and dedicated rear parking.
Property Size4,576 SF
Price / SF$92.88
Days on Market49
Property Features for 204 Main Street
General Information
Standard status
Active
Size
4,576 SF
Total Parking Spaces
4
Property subtype
Commercial Building
Amenities
private office
bathroom
storage room
full kitchen
living room
large windows
private upstairs back patio
washer/dryer hookups
new HVAC unit
tankless water heater
Percentage of Tax that is Deductable: 0
Hardwood Floor, Laminate Floor
Has Central AC: 1
Forced Air Heating, Electric Heat Fuel
Sale, Sale Type: Foreclosure, Availability Date: 2026-09-11
2 Stories, Built in 1919
Above Area Square Feet: 4576
One Full Bath, One Half Bath
Construction Type: Masonry - Brick, Balcony, Deck
Brick Siding
Building Details
Year Built
1919
Buildings
1
Stories
2
Construction
brick
Listing Agency:
MARMAC COMMERCIAL REAL ESTATE
Listed By:
Mark Mizell · License #136684
(256) 214-2227
Source:
Doyle-realty
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 28 at 7:56AM
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 MARMAC COMMERCIAL REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,576-square-foot mixed-use property combines a flexible commercial area with an upstairs residential component. The ground floor includes an open business layout, private office, bathroom, and storage room, with exposed brick and vintage ceiling tiles adding character. The upper level contains three bedrooms, one full bathroom, a kitchen, living room, washer/dryer hookups, and a private rear patio. Large windows overlook Main Street and downtown Hartselle.
Built in 1919, the property is located at 204 Main Street in Hartselle, Alabama. Four dedicated parking spaces are positioned behind the commercial area. Recent building improvements include a new HVAC unit and tankless water heater, supporting the property's combined business and residential configuration.
Built in 1919, the property is located at 204 Main Street in Hartselle, Alabama. Four dedicated parking spaces are positioned behind the commercial area. Recent building improvements include a new HVAC unit and tankless water heater, supporting the property's combined business and residential configuration.
Key Highlights
- 4,576‑square‑foot mixed‑use property built in 1919
- Ground‑floor commercial area with open layout, office, bathroom, and storage room
- Upstairs residence includes 3 bedrooms, 1 full bathroom, kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,843
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,860
$756.9K
Cap Rate 7%
$540,614
$540.6K
Cap Rate 9%
$420,478
$420.5K
Market Conditions
NOI Build-Up for 4,576 SF
Gross rent
$60.4K $13.20/SF
− Vacancy
−$6.3K −$1.39/SF
EGI
$54.1K $11.81/SF
− OpEx
−$16.2K −$3.54/SF
NOI
$37.8K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,860
Cap Rate 7%
$540,614
Cap Rate 9%
$420,478
Alternative Uses
Best Use
Office B
$665.4K
$582.2K – $776.3K
NOI $46,579 @ 7.0% cap · market cap 10.96%
Second Best
Retail
$540.6K
$473.0K – $630.7K
NOI $37,843 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$952.0K
$833.0K – $1.11M
NOI $66,641 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 35640, AL
25,913
Population
11,023
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
106.9 sq mi
ZIP Area
242
Density / Sq Mi
$69,686
Median Household Income
$43,844
Median Earnings
$767
Median Rent
$196,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Open commercial space connects with a three-bedroom residence, private patio, and dedicated rear parking.
Where is this mixed-use property located?
The property is located at 204 Main Street Hartselle, AL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,576‑square‑foot mixed‑use property built in 1919; Ground‑floor commercial area with open layout, office, bathroom, and storage room; Upstairs residence includes 3 bedrooms, 1 full bathroom, kitchen, and living room
