Mixed-Use Building with
For Sale
$229,900
30484 Ardmore Avenue, Ardmore, AL 35739
COMMERCIAL - Ardmore, AL
Property Size2,718 SF
Lot Size0.96 Acres
Price / SF$84.58
Days on Market92
Property Features for 30484 Ardmore Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Rooms
Basement
Directions
Located On Ardmore Avenue, Just West Of The Junction Where Ardmore Avenue Meets Alabama Highway 53 (Also Known As Main Street).
Standard status
Active
APN
0102041004009002
Size
2,718 SF
Lot size
0.96 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
2
Flooring type
Vinyl
Listing Agency:
L. Brindley Realty & Auction
(931) 478-6586
Listed By:
Lauren Brindley · License #134359
(931) 478-6586
Added: May 13
Changed: Aug 4
Last Checked: Aug 12 at 1:06PM
MLS# 21900611
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 mixed-use property contains 2,718 square feet across a two-level arrangement, with commercial space on the lower floor and residential space above. Vinyl flooring is included, and the property also features a basement. The 0.96-acre parcel is served by public water and public sewer, providing established utility connections for the existing improvements.
Located at 30484 Ardmore Avenue in Ardmore, Alabama, the property offers a combined commercial and residential configuration within Limestone County. Its separate-use layout can accommodate business activity and an upstairs residence within the same building, subject to applicable requirements.
Located at 30484 Ardmore Avenue in Ardmore, Alabama, the property offers a combined commercial and residential configuration within Limestone County. Its separate-use layout can accommodate business activity and an upstairs residence within the same building, subject to applicable requirements.
Key Highlights
- 2,718 square feet of mixed‑use space
- Commercial area located on the lower level
- Residential space positioned upstairs
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
$17,169
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
7.47%
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%
$343,380
$343.4K
Cap Rate 7%
$245,271
$245.3K
Cap Rate 9%
$190,767
$190.8K
Market Conditions
NOI Build-Up for 2,718 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
$38.2K $14.04/SF
− Vacancy
−$6.9K −$2.56/SF
EGI
$31.2K $11.48/SF
− OpEx
−$14.0K −$5.17/SF
NOI
$17.2K $6.32/SF
Area
Limestone County, AL
Vacancy
18.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
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%
$343,380
Cap Rate 7%
$245,271
Cap Rate 9%
$190,767
Alternative Uses
Best Use
Retail
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 14.45%
Second Best
Mixed Use
$468.9K
$410.3K – $547.0K
NOI $32,820 @ 7.0% cap · market cap 14.28%
Theoretical Best
Office A
$707.8K
$619.3K – $825.7K
NOI $49,544 @ 7.0% cap · market cap 21.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 43%
Groceries 13%
McDonald's
Dining
21,646 visits/mo
0.4 miles
Piggly Wiggly
Groceries
9,738 visits/mo
0.4 miles
Shell
Shops & Services
9,447 visits/mo
0.4 miles
Dollar Tree
Shops & Services
7,823 visits/mo
0.3 miles
Dollar General
Shops & Services
7,207 visits/mo
0.2 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.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential areas are arranged on separate levels.
Where is this mixed-use property located?
The property is located at 30484 Ardmore Avenue Ardmore, AL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 2,718 square feet of mixed‑use space; Commercial area located on the lower level; Residential space positioned upstairs
