Auto Shop with Three-Phase
New
For Sale
$749,000
2056 S Pelham S Road, Jacksonville, AL 36265
Commercial improvements include dedicated office and bathroom space, plus a separate three-bedroom residence for added flexibility.
Property Size7,200 SF
Price / SF$104.03
Days on Market2
Property Features for 2056 S Pelham S Road
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2002
Listing Agency:
United Country Real Estate - Taylor Real Estate S
Listed By:
Bryan Taylor
(256) 644-4115
Source:
Exitrealty
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 5 at 3:46PM
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 United Country Real Estate - Taylor Real Estate S
Investment Insights
Based on property information with market context.
This auto shop property includes a 7,200-square-foot commercial building on 1.46 acres. The building contains office space and a bathroom, with three-phase electrical service suited to operations requiring substantial power. Constructed in 2002, the commercial improvement provides an established physical foundation for an automotive or other commercial use.
The property also includes a separate three-bedroom, two-bathroom house. Its combination of commercial workspace, support areas, electrical capacity, and residential quarters creates a multi-improvement configuration in Jacksonville, Alabama.
The property also includes a separate three-bedroom, two-bathroom house. Its combination of commercial workspace, support areas, electrical capacity, and residential quarters creates a multi-improvement configuration in Jacksonville, Alabama.
Key Highlights
- 7,200‑square‑foot commercial building on 1.46 acres
- Three‑phase electrical service
- Office space and bathroom within the commercial building
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
$51,710
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
6.90%
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%
$1,034,200
$1.0M
Cap Rate 7%
$738,714
$738.7K
Cap Rate 9%
$574,556
$574.6K
Market Conditions
NOI Build-Up for 7,200 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
$82.1K $11.40/SF
− Vacancy
−$8.2K −$1.14/SF
EGI
$73.9K $10.26/SF
− OpEx
−$22.2K −$3.08/SF
NOI
$51.7K $7.18/SF
Area
Calhoun County, AL
Vacancy
10.00%
Lease Rate
$11.40 /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%
$1,034,200
Cap Rate 7%
$738,714
Cap Rate 9%
$574,556
Alternative Uses
Best Use
Retail
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 6.90%
Second Best
Mixed Use
$652.2K
$570.7K – $761.0K
NOI $45,657 @ 7.0% cap · market cap 6.10%
Theoretical Best
Healthcare Medical
$1.11M
$968.5K – $1.29M
NOI $77,483 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36265, AL
22,018
Population
9,582
Households
2.3
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
98.1 sq mi
ZIP Area
224
Density / Sq Mi
$51,574
Median Household Income
$23,697
Median Earnings
$794
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Marc's Auto Repair — 2055 Pelham Rd S, Jacksonville, AL 36265
- Crenshaw Automotive — Alabama 36265
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial improvements include dedicated office and bathroom space, plus a separate three-bedroom residence for added flexibility.
Where is this auto shop located?
The property is located at 2056 S Pelham S Road Jacksonville, AL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 7,200‑square‑foot commercial building on 1.46 acres; Three‑phase electrical service; Office space and bathroom within the commercial building
