Flex Building with Office and
3834 Highway 231 Laceys Spring, AL 35754
New
3834 Highway 231, Laceys Spring, AL, 35754
$225,000
For Sale
$225,000
COMMERCIAL - Laceys Spring, AL
Property Size2,400 SF
Lot Size0.61 Acres
Price / SF$93.75
Days on Market1
Property Features for 3834 Highway 231
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.61 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Concrete
Listing agency
Legend Realty
(256) 428-3780
Listed by
Stacey Kuhnkey · License #96418
(256) 679-5155
Added: Jul 21 Checked: Jul 21 at 12:06PM
MLS# 21924318
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.
Investment Insights
Based on property information with market context.
This flex building includes open warehouse area plus a heated and cooled office space, all within a 40-by-60 structure. The warehouse component offers a broad, open layout suited to a range of business uses, while the office portion provides separate indoor work space. Two large bay doors support practical loading and access, and the property includes parking in a gravel lot with room for truck deliveries.
The property sits on an approximately 0.61-acre lot at 3834 Highway 231 in Laceys Spring, AL, offering convenient highway access just minutes to Huntsville or Union Grove.
The property sits on an approximately 0.61-acre lot at 3834 Highway 231 in Laceys Spring, AL, offering convenient highway access just minutes to Huntsville or Union Grove.
Key Highlights
- 40x60 building with 1,600 SF open warehouse space for a variety of businesses
- 800 SF heated and cooled office space plus a separate office/warehouse setup
- 2 large bay doors for warehouse access
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 | $23.9k | $9.96 |
| − Vacancy | −$1.7k | −$0.72 |
| EGI | $22.2k | $9.24 |
| − OpEx | −$7.8k | −$3.24 |
| NOI | $14.4k | $6.01 |
2,400 SF · lease $9.96/SF/yr · vacancy 7.20% · expense 35.00%
Alternative Uses
Best Use
Office B
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 10.86%
Second Best
Flex RnD
$206.0K
$180.2K – $240.3K
NOI $14,419 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$499.3K
$436.9K – $582.5K
NOI $34,952 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pitvapors Lounge
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Flex space - A 40-by-60 building combines open warehouse space with heated and cooled office space and two large bay doors.
Where is this flex space located?
The property is located at 3834 Highway 231 Laceys Spring, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 40x60 building with 1,600 SF open warehouse space for a variety of businesses; 800 SF heated and cooled office space plus a separate office/warehouse setup; 2 large bay doors for warehouse access
