Flex Space with
3637 Winchester Road New Market, AL 35761
3637 Winchester Road, New Market, AL, 35761
$193,000
For Sale
$193,000
COMMERCIAL - New Market, AL
Property Size1,520 SF
Lot Size0.50 Acres
Price / SF$126.97
Days on Market40
Property Features for 3637 Winchester Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Driveway
- Accessibility
- Accessible Doors
- Standard status
- Active
- APN
- 0904192000056000
- Size
- 1,520 SF
- Lot size
- 0.50 Acres
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Vinyl
- Roof type
- Metal
Listing Agency
One Key Realty
(256) 626-6736
470 Providence Main, Ste. 203, AL
Listed by
Vanessa Blackwell · License #105886
(256) 797-2376
Added: Jun 9 Checked: Jul 18 at 11:06 pm
MLS# 21919755
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Investment Insights
Based on property information with market context.
This flex space offers a functional interior layout with a full kitchen, a half bathroom, and a fireplace. At approximately 1,520 square feet, the property is configured to support a variety of residential or commercial uses, depending on how the space will be updated or operated.
Located at 3637 Winchester Road in New Market, Alabama, the property sits on approximately 0.5 acres in Madison County. It is also listed as available for purchase along with MLS #21919754 or as part of MLS #21910847.
Located at 3637 Winchester Road in New Market, Alabama, the property sits on approximately 0.5 acres in Madison County. It is also listed as available for purchase along with MLS #21919754 or as part of MLS #21910847.
Key Highlights
- Approximately 0.5‑acre property with a full kitchen, 1/2 bathroom, and a fireplace
- Central air conditioning plus central heating with electric heating
- Vinyl flooring
Local Financial Insights For Flex RnD
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 | $27.4k | $18.00 |
| − Vacancy | −$2.2k | −$1.44 |
| EGI | $25.2k | $16.56 |
| − OpEx | −$8.8k | −$5.80 |
| NOI | $16.4k | $10.76 |
1,520 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$233.7K
$204.5K – $272.7K
NOI $16,361 @ 7.0% cap · market cap 8.48%
Second Best
Industrial
$88.0K
$77.0K – $102.7K
NOI $6,161 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$395.8K
$346.3K – $461.8K
NOI $27,707 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile flex property with a full kitchen, half bath, and fireplace on approximately 0.5 acres.
Where is this flex space located?
The property is located at 3637 Winchester Road New Market, AL.
What is the asking price?
The asking price for this property is $193,000.
What are key features of this property?
This property features: Approximately 0.5‑acre property with a full kitchen, 1/2 bathroom, and a fireplace; Central air conditioning plus central heating with electric heating; Vinyl flooring
