Auto Shop with Bay
3884 Highway 231 Laceys Spring, AL 35754
3884 Highway 231, Laceys Spring, AL, 35754
$160,000
For Sale
$160,000
1600 SF auto shop with three bay doors.
Property Size1,600 SF
Price / SF$100
Days on Market116
Property Features for 3884 Highway 231
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Matlock Realty Group, LLC
(256) 541-5640
Listed by
Amber Atchley · License #135364
(256) 541-5640
Source
Exitrealty
Added: Mar 24 Checked: Jul 17 at 5:16 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 Matlock Realty Group, LLC
Investment Insights
Based on property information with market context.
This 1600 square foot building, formerly a body shop, offers potential for a new owner. It features three large bay doors and a storage room for paint. A separate roll-up door is available for painting vehicles. The property is located just off a busy highway.
Key Highlights
- Located just off a busy highway, offering high visibility and accessibility.
- 1600 square feet of space provides ample room for various business operations.
- Three large bay doors facilitate easy access for vehicles or equipment.
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 | $21.1k | $13.20 |
| − Vacancy | −$2.2k | −$1.39 |
| EGI | $18.9k | $11.81 |
| − OpEx | −$5.7k | −$3.54 |
| NOI | $13.2k | $8.27 |
1,600 SF · lease $13.20/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$189.0K
$165.4K – $220.5K
NOI $13,232 @ 7.0% cap · market cap 8.27%
Second Best
Industrial
$116.7K
$102.1K – $136.1K
NOI $8,168 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$332.9K
$291.3K – $388.4K
NOI $23,301 @ 7.0% cap · market cap 14.56%
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 Off Market Nearby
- ARY BODY SHOP — 3886 Hwy 231, Laceys Spring, AL 35754
FAQs
What type of property is this?
Auto shop - 1600 SF auto shop with three bay doors.
Where is this auto shop located?
The property is located at 3884 Highway 231 Laceys Spring, AL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Located just off a busy highway, offering **high visibility and accessibility.**; 1600 square feet of space provides ample room for various business operations.; **Three large bay doors facilitate easy access** for vehicles or equipment.
