Mixed-Use Property with
310 N Montgomery Ave, Sheffield, AL 35660
Two buildings with established businesses and four apartments.
Type:Commercial/Industrial
Property size:
12,000 SFPrice / SF:
$89/SF- Added:
- Nov 8, 2025
- Days on Market:
- 205
- Last Refresh:
- Apr 8 at 12:14 am
Property Features for 310 N Montgomery Ave
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2014
Listing agent Beth Pirtle License #000101566 (256) 762-2701
Listing office RE/MAX Tri-State (256) 762-2701
Listing date Nov 8, 2025
Source Exitrealty
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 RE/MAX Tri-State
HighLights
- Includes two buildings with two different established businesses.
- Four apartments, each with 2 bedrooms and 2 bathrooms.
- All four apartments are currently occupied with a waiting list.
- Built in 2014.
- Lots of unique detail.
- Plenty of room for expansion.
Overview
This property includes two buildings accommodating two different businesses and four apartments. The seller has well-established businesses in both buildings. Each of the four apartments features two bedrooms and two bathrooms. The apartments are currently occupied, with a waiting list. The building incorporates unique detailing and offers ample working space, with room for expansion. The property size is 12000 square feet.
Local Financial Insights For Mixed Use
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 | $144.0k | $12.00 |
| − Vacancy | −$17.3k | −$1.44 |
| EGI | $126.7k | $10.56 |
| − OpEx | −$47.5k | −$3.96 |
| NOI | $79.2k | $6.60 |
12,000 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 7.37%
Second Best
Retail
$1.07M
$936.0K – $1.25M
NOI $74,879 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,139 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Salon 310
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Sheffield
- County
- Colbert
- State
- Alabama
- Longitude
- -87.6982626
- Latitude
- 34.7612492
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two buildings with established businesses and four apartments.
Where is this mixed-use property located?
The property is located at 310 N Montgomery Ave Sheffield, AL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Includes two buildings with two different established businesses.; Four apartments, each with 2 bedrooms and 2 bathrooms.; All four apartments are currently occupied with a waiting list.
