Auto Shop Building with Two Overhead
For Sale
$279,900
30371 Ardmore Avenue, Ardmore, AL 35739
COMMERCIAL - Ardmore, AL
Property Size2,800 SF
Lot Size0.20 Acres
Price / SF$99.96
Days on Market97
Property Features for 30371 Ardmore Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
From I-65: Take Tn Exit #1 Us-31 S Into Ardmore, Turn Right Onto Ardmore Ave, Property Will Be On The Right.
Standard status
Active
APN
0102042004044001
Size
2,800 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
overhead doors
offices
storage area
Building Details
Year built
1990
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Butler Realty
(931) 427-4411
Listed By:
Wade Boggs · License #74312
(256) 520-8384
Added: May 8
Changed: Aug 4
Last Checked: Aug 12 at 5:06PM
MLS# 21883380
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.
Auto shop building with approximately 16x48 automotive shop area, two overhead doors (each 12w x 12.5h), and a concrete floor interior. The property also includes an approximately 19x27 retail area, two offices, and additional storage space. Central heating and central air are in place, and the building was constructed in 1990.
Served by public water and public sewer, the property is located at 30371 Ardmore Avenue, Ardmore, AL 35739 in Limestone County. It offers a flexible layout that can support multiple on-site operating needs.
Set on a 0.2-acre lot and totaling 2,800 square feet, this facility combines a shop and retail component with office space for customer service or administrative use.
Served by public water and public sewer, the property is located at 30371 Ardmore Avenue, Ardmore, AL 35739 in Limestone County. It offers a flexible layout that can support multiple on-site operating needs.
Set on a 0.2-acre lot and totaling 2,800 square feet, this facility combines a shop and retail component with office space for customer service or administrative use.
Key Highlights
- 2,800 SF auto shop building on 0.2‑acre lot
- Automotive shop area approx 16x48 with two overhead doors 12w x12.5h each
- Retail area approx 19x27 plus two offices
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
$11,113
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
3.97%
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%
$222,260
$222.3K
Cap Rate 7%
$158,757
$158.8K
Cap Rate 9%
$123,478
$123.5K
Market Conditions
NOI Build-Up for 2,800 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
$16.8K $6.00/SF
− Vacancy
−$924 −$0.33/SF
EGI
$15.9K $5.67/SF
− OpEx
−$4.8K −$1.70/SF
NOI
$11.1K $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%
$222,260
Cap Rate 7%
$158,757
Cap Rate 9%
$123,478
Alternative Uses
Best Use
Office B
$511.0K
$447.1K – $596.2K
NOI $35,771 @ 7.0% cap · market cap 12.78%
Second Best
Retail
$488.9K
$427.8K – $570.4K
NOI $34,222 @ 7.0% cap · market cap 12.23%
Theoretical Best
Office A
$729.1K
$638.0K – $850.6K
NOI $51,038 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office 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 - Auto shop and retail space with central heating and central air, concrete floors, and two overhead doors plus offices.
Where is this auto shop located?
The property is located at 30371 Ardmore Avenue Ardmore, AL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2,800 SF auto shop building on 0.2‑acre lot; Automotive shop area approx 16x48 with two overhead doors 12w x12.5h each; Retail area approx 19x27 plus two offices
