Two-Structure Auto Yard
For Sale
$150,000
26444 Stateline Road, Ardmore, AL 35739
COMMERCIAL - Ardmore, AL
Property Size2,400 SF
Lot Size0.80 Acres
Price / SF$62.50
Days on Market91
Property Features for 26444 Stateline Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Metes And Bounds
Directions
From I-65 Tn Exit#1: Turn Onto Tn-7 S/Us-31 S, Right On 1st Ave W, Property On Right
Standard status
Active
Size
2,400 SF
Lot size
0.80 Acres
Listing Agency:
Butler Realty
(931) 427-4411
Listed By:
Wade Boggs · License #74312
(256) 520-8384
Added: May 14
Changed: Aug 4
Last Checked: Aug 12 at 12:06PM
MLS# 21899919
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 is a roughly 0.8-acre commercial property featuring two structures that need work. The site was previously used as a salvage yard, and utilities and water are available at the road, supporting redevelopment plans.
The property is located on Main Street and approximately 2.5 miles from I-65. It also has road frontage on two streets, providing multiple points of access for future use.
Offered for sale, the asset includes approximately 2,400 square feet across the two structures and sits in Ardmore, Alabama (Limestone County), with services located at the curb.
The property is located on Main Street and approximately 2.5 miles from I-65. It also has road frontage on two streets, providing multiple points of access for future use.
Offered for sale, the asset includes approximately 2,400 square feet across the two structures and sits in Ardmore, Alabama (Limestone County), with services located at the curb.
Key Highlights
- +/- .8 acre lot size
- Road frontage on two streets
- Utilities at the road
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
$9,526
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
6.35%
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%
$190,520
$190.5K
Cap Rate 7%
$136,086
$136.1K
Cap Rate 9%
$105,844
$105.8K
Market Conditions
NOI Build-Up for 2,400 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
$14.4K $6.00/SF
− Vacancy
−$792 −$0.33/SF
EGI
$13.6K $5.67/SF
− OpEx
−$4.1K −$1.70/SF
NOI
$9.5K $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%
$190,520
Cap Rate 7%
$136,086
Cap Rate 9%
$105,844
Alternative Uses
Best Use
Retail
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 19.56%
Second Best
Industrial
$136.1K
$119.1K – $158.8K
NOI $9,526 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$625.0K
$546.8K – $729.1K
NOI $43,747 @ 7.0% cap · market cap 29.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 29%
Groceries 17%
Piggly Wiggly
Groceries
9,738 visits/mo
0.2 miles
Shell
Shops & Services
9,447 visits/mo
0.5 miles
Dollar Tree
Shops & Services
7,823 visits/mo
0.1 miles
Hardee's
Dining
7,262 visits/mo
0.3 miles
Dollar General
Shops & Services
7,207 visits/mo
0.4 miles
Demographics for 35739, AL
5,426
Population
2,388
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
26.7 sq mi
ZIP Area
203
Density / Sq Mi
$62,463
Median Household Income
$47,296
Median Earnings
$782
Median Rent
$199,900
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
- Broadway Tire Service — 103 Main St, Ardmore, TN 38449
- Russell Body Shop — 26697 5th St, Ardmore, AL 35739
- Wootens Collision Center — 29670 Jones Ave, Ardmore, AL 35739
- Protech Auto Service — 30050A Ardmore Ave, Ardmore, AL 35739
- Second Chance Automotive — Ardmore, AL 35739
Frequently Asked Questions
What type of property is this?
Auto shop - Two structures on a roughly 0.8-acre site with road frontage on two streets in Ardmore, Alabama.
Where is this auto shop located?
The property is located at 26444 Stateline Road Ardmore, AL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: +/- .8 acre lot size; Road frontage on two streets; Utilities at the road
