Highway Frontage Retail
3430 Pelham Parkway Pelham, AL 35124
3430 Pelham Parkway, Pelham, AL, 35124
$495,000
For Sale
$495,000
Retail or auto shop opportunity with highway frontage.
Property Size1,724 SF
Price / SF$287.12
Days on Market142
Property Features for 3430 Pelham Parkway
General Information
- Standard status
- Active
- Size
- 1,724 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1981
Listing Agency
Keller Williams Realty Vestavia
(205) 542-8857
Listed by
Crystal Shurett
(205) 542-8857
Source
Exitrealty
Added: Feb 25 Checked: Jul 17 at 4:46 am
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 Keller Williams Realty Vestavia
Investment Insights
Based on property information with market context.
Located off Highway 31/Pelham Parkway on the edge of Pelham and Alabaster, this property offers a frontage location. The building, with a size of 1724 square feet, is currently configured as a residential home, featuring four bedrooms, including two primary bedrooms with ensuite bathrooms, three bathrooms in total, a kitchen, a living room, and a covered porch. The property has parking space in the front and gated access to the rear of the building. Remodeling could make it suitable for an auto shop or other retail business.
Key Highlights
- Great location off Hwy 31/Pelham Parkway, on the edge of Pelham and Alabaster.
- Potential for conversion to auto shop or other retail business with remodeling.
- Currently set up as a residential home with 4 bedrooms (2 primary w/ ensuite) and 3 bathrooms.
Local Financial Insights For Retail
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 | $25.9k | $15.00 |
| − Vacancy | −$2.7k | −$1.55 |
| EGI | $23.2k | $13.46 |
| − OpEx | −$7.0k | −$4.04 |
| NOI | $16.2k | $9.42 |
1,724 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$232.0K
$203.0K – $270.6K
NOI $16,237 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$104.6K
$91.5K – $122.0K
NOI $7,320 @ 7.0% cap · market cap 1.48%
Theoretical Best
Office A
$404.7K
$354.1K – $472.1K
NOI $28,326 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Jack's Garage & Radiator — 2727 Pelham Pkwy, Pelham, AL 35124
- Retired Rides — 135 Corporate Way, Pelham, AL 35124
- Manville Material Handling Solutions — 188 Chandalar Pl Dr, Pelham, AL 35124
- Joe Hudson's Collision Center — 2737 Pelham Pkwy, Pelham, AL 35124
- Haley Transmission — 2725 Pelham Pkwy, Pelham, AL 35124
FAQs
What type of property is this?
Auto shop - Retail or auto shop opportunity with highway frontage.
Where is this auto shop located?
The property is located at 3430 Pelham Parkway Pelham, AL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Great location off Hwy 31/Pelham Parkway, on the edge of Pelham and Alabaster.; Potential for conversion to auto shop or other retail business with remodeling.; Currently set up as a residential home with 4 bedrooms (2 primary w/ ensuite) and 3 bathrooms.
