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 Market144
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) 489-2602
Listed By:
Cyrus Haghshenas · License #101757
(256) 520-0927
Source:
Exitrealty
Added: May 25
Changed: Oct 10
Last Checked: Oct 14 at 10:15PM
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 / Yr
$12,136
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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
