Downtown Storefront
New
For Sale
$149,000
309 Main Street W, Hartselle, AL 35640
Business Opportunity, Hartselle, AL
Property Size1,056 SF
Lot Size0.07 Acres
Price / SF$141.10
Days on Market2
Property Features for 309 Main Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Driveway, Alley
Lot features
High Visibility
Directions
From Exit 328 On I-65: Travel West On Highway 36. Property Will Be About 2 Miles Down On Your Right. If You Pass Warehouse Coffee Shop, You've Gone Too Far.
Standard status
Active
APN
1502104007031.003
Size
1,056 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Maegan Jones Real Estate Co
(256) 686-9048
Listed By:
Maegan Jones · License #108482
(256) 309-7337
Added: Aug 28
Last Checked: Aug 29 at 5:06AM
MLS# 21927762
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Investment Insights
Based on property information with market context.
This 1,056-square-foot storefront property occupies a 0.07-acre parcel at 309 Main Street W in Hartselle. The building dates to 1950 and includes two bathrooms, concrete flooring, a metal roof, central heating, and central air conditioning. Public water and public sewer serve the property, with driveway and alley parking access.
Positioned within Hartselle’s Downtown Business District, the property has frontage along a state highway and public parking directly across the street. Its setting places the storefront among downtown businesses, shops, events, and community activity, with both vehicle and pedestrian exposure identified at the site. The property is zoned B-3.
Positioned within Hartselle’s Downtown Business District, the property has frontage along a state highway and public parking directly across the street. Its setting places the storefront among downtown businesses, shops, events, and community activity, with both vehicle and pedestrian exposure identified at the site. The property is zoned B-3.
Key Highlights
- 1,056‑square‑foot storefront on a 0.07‑acre parcel
- B‑3 zoning within Hartselle’s Downtown Business District
- State Highway frontage at 309 Main Street W
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
$8,733
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
5.86%
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%
$174,660
$174.7K
Cap Rate 7%
$124,757
$124.8K
Cap Rate 9%
$97,033
$97.0K
Market Conditions
NOI Build-Up for 1,056 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
$13.9K $13.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$12.5K $11.81/SF
− OpEx
−$3.7K −$3.54/SF
NOI
$8.7K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /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%
$174,660
Cap Rate 7%
$124,757
Cap Rate 9%
$97,033
Alternative Uses
Best Use
Retail
$124.8K
$109.2K – $145.6K
NOI $8,733 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.7K
$192.2K – $256.3K
NOI $15,379 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
194k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 32%
Groceries 15%
Home Improvements & Furnishings 10%
Kroger
Groceries
29,340 visits/mo
0.4 miles
McDonald's
Dining
23,793 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
15,268 visits/mo
0.3 miles
Wendy's
Dining
11,964 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
10,664 visits/mo
0.4 miles
Demographics for 35640, AL
25,913
Population
11,023
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
106.9 sq mi
ZIP Area
242
Density / Sq Mi
$69,686
Median Household Income
$43,844
Median Earnings
$767
Median Rent
$196,600
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
- Kroger Floral Department — 241 Hwy 31 SW #60, Hartselle, AL 35640
- It's Your Day @ Smiths Florist — 406 Main St W, Hartselle, AL 35640
- It's Your Day — 406 Main St W, Hartselle, AL 35640
Frequently Asked Questions
What type of property is this?
Storefront property - B-3-zoned commercial space with highway exposure and public parking across the street.
Where is this storefront property located?
The property is located at 309 Main Street W Hartselle, AL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 1,056‑square‑foot storefront on a 0.07‑acre parcel; B‑3 zoning within Hartselle’s Downtown Business District; State Highway frontage at 309 Main Street W
