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    Automotive Shop with Living Quarters Title is generated by Realmo AI

    3098 Alabama Highway 75, Albertville, AL 35951

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    Claim this Listing
    New
    For Sale
    $770,000

    COMMERCIAL - Albertville, AL

    Property size:
    4,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $192/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 3098 Alabama Highway 75

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Parking Lot, Oversize
    Standard status
    Active
    APN
    1709310000026.000
    Size
    4,000 SF
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Space Heater
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Truman Milner

    Listing agent Truman Milner

    Listing office Main Street Realty Plus, LLC 202 E Main Street, Albertville, AL

    Listing date Jun 1, 2026

    MLS# 21894445

    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.

    HighLights

    • Commercial shop located just outside Albertville city limits
    • Includes vehicle lifts and air compressors that convey with the property
    • Metal roof
    • Parking lot parking with oversize parking available
    • Utilities include public water and septic tank sewer
    • Cooling: window unit(s); heating: space heater; flooring: concrete

    Overview

    This automotive shop is set up for vehicle service with lifts that will remain in place, along with air compressors that convey with the property. In addition to the shop area, the building includes complete living quarters or office space, giving the site a built-in option for on-site management or customer-facing work.

    The property is located just outside Albertville city limits on Alabama Highway 75 in Marshall County. The single-site configuration is supported by a parcel size of 1 acre.

    For buyers seeking a turnkey automotive work facility, the existing service infrastructure can help reduce rework. For those planning a conversion, the property can be repurposed into another business type while keeping much of the operational equipment in place. The combination of shop space and built-in living quarters or office supports uses that benefit from an owner or operator being on-site.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $72.0k $18.00
    − Vacancy −$11.9k −$2.97
    EGI $60.1k $15.03
    − OpEx −$15.0k −$3.76
    NOI $45.1k $11.27
    4,000 SF · lease $18.00/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $644.1K
    $563.6K – $751.5K (±1% cap)
    NOI $45,090 @ 7.0% cap · market cap 5.86%
    Second Best
    Retail
    $364.5K
    $319.0K – $425.3K (±1% cap)
    NOI $25,518 @ 7.0% cap · market cap 3.31%
    Theoretical Best
    Office A
    $863.3K
    $755.4K – $1.01M (±1% cap)
    NOI $60,434 @ 7.0% cap · market cap 7.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • QS Automotive — 6585 US-431, Albertville, AL 35950
    • Alliance Mobile Headliner Services — 408 Dora St, Albertville, AL 35950
    • D & S Auto Repair — 6499 US-431, Albertville, AL 35950
    • Albertville Discount Tire — 221 N Broad St, Albertville, AL 35950
    • Automotive Diagnostics and Repair — 106 Richmond Ave, Albertville, AL 35950

    Map

    City
    Albertville
    County
    Marshall
    State
    Alabama
    Longitude
    -86.156521
    Latitude
    34.295926

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    FAQs

    What type of property is this?
    Auto shop - Garage facility with vehicle lifts and on-site office or living quarters, offering flexibility for automotive or alternative uses.
    Where is this auto shop located?
    The property is located at 3098 Alabama Highway 75 Albertville, AL.
    What is the asking price?
    The asking price for this property is $770,000.
    What are key features of this property?
    This property features: Commercial shop located just outside Albertville city limits; Includes vehicle lifts and air compressors that convey with the property; Metal roof
    (256) 572-6858
    We can help!
    Listing Contact
    Truman Milner
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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