Office Building on US
400 HIGHWAY 31 NW, Hartselle, AL 35640
For Sale
$499,900
Commercial Sale, HARTSELLE, AL
Property Size3,000 SF
Lot Size0.50 Acres
Price / SF$166.63
Days on Market99
Property Features for 400 HIGHWAY 31 NW
General Information
Property type
Property subtype
Parking
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Floors in Building
Flooring type
Buildings
Listing Agency:
Access Real Estate
Listed By:
Sam Mozeb · License AL #90515
(256) 822-2548
Added: Aug 4
Changed: Nov 3
Last Checked: Nov 10 at 12:06AM
MLS# 21925596
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An existing 3,000-square-foot office building occupies a 0.5-acre property along US 31 in Hartselle, Alabama. Interior flooring includes tile and carpet, and the site has public water service.
The property is positioned on US 31, providing a highway address for the office building. The existing structure and land are offered for sale.
The property is positioned on US 31, providing a highway address for the office building. The existing structure and land are offered for sale.
Key Highlights
- 3,000‑square‑foot office building
- 0.5‑acre property
- Located on US 31 in Hartselle
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,537
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,740
$610.7K
Cap Rate 7%
$436,243
$436.2K
Cap Rate 9%
$339,300
$339.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$52.2K $17.40/SF
− Vacancy
−$11.5K −$3.83/SF
EGI
$40.7K $13.57/SF
− OpEx
−$10.2K −$3.39/SF
NOI
$30.5K $10.18/SF
Area
Morgan County, AL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,740
Cap Rate 7%
$436,243
Cap Rate 9%
$339,300
Alternative Uses
Best Use
Office B
$436.2K
$381.7K – $509.0K
NOI $30,537 @ 7.0% cap · market cap 6.11%
Second Best
Mixed Use
$297.0K
$259.9K – $346.5K
NOI $20,790 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$624.1K
$546.1K – $728.2K
NOI $43,690 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 35640, AL
25,913
Population
11,023
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
106.9 sq mi
ZIP Area
242
Density / Sq Mi
$69,686
Median Household Income
$43,844
Median Earnings
$767
Median Rent
$196,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A half-acre site includes an existing office structure with public water service.
Where is this office building located?
The property is located at 400 HIGHWAY 31 NW Hartselle, AL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,000‑square‑foot office building; 0.5‑acre property; Located on US 31 in Hartselle
