Auto Shop with
For Sale
$175,000
Pending
3010 Meridian Street, Huntsville, AL 35811
Front-facing commercial space includes a rear storage room and remodeled bathroom.
Property Size1,920 SF
Lot Size0.59 Acres
Days on Market121
Property Features for 3010 Meridian Street
General Information
Standard status
Pending
Size
1,920 SF
Lot size
0.59 Acres
Property subtype
Commercial/Industrial
Property Condition
Severity
Repairs Needed
Evidence
Some remodeling will make it a lot better
Building Details
Buildings
1
Listing Agency:
Leading Edge, R.E. Group
(256) 520-0927
Listed By:
Cyrus Haghshenas · License #101757
(256) 520-0927
Source:
Exitrealty
Added: May 1
Changed: Aug 28
Last Checked: Aug 29 at 6:01AM
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 Leading Edge, R.E. Group
Investment Insights
Based on property information with market context.
This automotive property includes a 1920 sqft shop positioned at the front of the building, with a separate storage room behind it. Recent work includes roof repairs, installation of a new rear door, and remodeling in the bathroom. The improvements provide a functional starting point for continued automotive operations or further interior updates.
The property encompasses 25594 sqft of land at 3010 Meridian St N in Huntsville, AL. Its location is described as close to A&M University traffic, placing the site within an established commercial area with nearby university-related activity.
The property encompasses 25594 sqft of land at 3010 Meridian St N in Huntsville, AL. Its location is described as close to A&M University traffic, placing the site within an established commercial area with nearby university-related activity.
Key Highlights
- 1920 sqft front shop with a storage room at the rear
- 25594 sqft land area
- Roof recently repaired
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
$12,136
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
6.93%
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%
$242,720
$242.7K
Cap Rate 7%
$173,371
$173.4K
Cap Rate 9%
$134,844
$134.8K
Market Conditions
NOI Build-Up for 1,920 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
$18.4K $9.60/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$17.3K $9.03/SF
− OpEx
−$5.2K −$2.71/SF
NOI
$12.1K $6.32/SF
Area
Huntsville, AL
Vacancy
5.94%
Lease Rate
$9.60 /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%
$242,720
Cap Rate 7%
$173,371
Cap Rate 9%
$134,844
Alternative Uses
Best Use
Retail
$335.2K
$293.3K – $391.1K
NOI $23,466 @ 7.0% cap · market cap 13.41%
Second Best
Industrial
$173.4K
$151.7K – $202.3K
NOI $12,136 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$500.0K
$437.5K – $583.3K
NOI $34,998 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
9,238 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,911 visits/mo
0.3 miles
Fuel City
Shops & Services
2,790 visits/mo
0.3 miles
Demographics for 35811, AL
30,075
Population
12,314
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
641
Density / Sq Mi
$92,361
Median Household Income
$45,038
Median Earnings
$1,048
Median Rent
$249,900
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Front-facing commercial space includes a rear storage room and remodeled bathroom.
Where is this auto shop located?
The property is located at 3010 Meridian Street Huntsville, AL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1920 sqft front shop with a storage room at the rear; 25594 sqft land area; Roof recently repaired
