Mixed-Use Property with
310 N Montgomery Ave Sheffield, AL 35660
310 N Montgomery Ave, Sheffield, AL, 35660
$1,075,000
For Sale
$1,075,000
Two buildings with established businesses and four apartments.
Property Size12,000 SF
Price / SF$89.58
Days on Market251
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 Agency
RE/MAX Tri-State
(256) 762-2701
Listed by
Beth Pirtle · License #000101566
(256) 762-2701
Source
Exitrealty
Added: Nov 8, 2025 Checked: Jul 10 at 3:55 pm
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
Apartment 5plus
$905.9K
$792.7K – $1.06M
NOI $63,415 @ 7.0% cap · market cap 5.90%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Salon 310
Hair Salon
Similar For Sale Nearby
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.
