Converted Convenience Store Auto
4058 South Memorial Parkway Huntsville, AL 35801
4058 South Memorial Parkway, Huntsville, AL, 35801
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For Sale
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Converted convenience store currently operating as an auto shop with a canopy, vehicle ramp, and 8-foot roll-up door access.
Property Size2,448 SF
Price / SF$183.82
Days on Market10
Property Features for 4058 South Memorial Parkway
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Retail, Industrial
Listing agency
Russ Russell Commercial Real Estate
(256) 536-7777
Listed by
Russ Russell · License #AL000025965-1
Source
Crexi
Added: Jul 14 Updated: Jul 21 at 2:44AM Checked: Jul 22 at 11:06AM
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 Russ Russell Commercial Real Estate
Investment Insights
Based on property information with market context.
This converted convenience store is currently operating as a high-end automobile shop. Improvements include a freshly sealed and striped parking lot, a 10-foot canopy at the front with a storefront sign, and a 10-foot concrete apron with a vehicle ramp. Vehicle access is provided through an 8-foot roll-up overhead door with an opener. The shop has a foam roof with a 10 to 12-foot ceiling height, an epoxy floor installed in 2021, and includes a security system and WiFi. The shop is equipped with updated utilities and finishes, including GFI outlets in the shop and bathrooms, plus a three-basin stainless steel sink.
Additional space includes a large storage room and two upgraded restrooms that also provide extra storage space. A manager’s office can fit a large desk and built-in furniture. In 2012, upgrades included installation of a 12-ton HVAC unit to support future expansion on the west side of the property, and electrical systems and lighting were updated. Extra land is available that can be used to add thousands of square feet to the building.
The property is located on the southbound service road of Memorial Parkway between Airport Road and Martin Road, near the Golf Road overpass.
Additional space includes a large storage room and two upgraded restrooms that also provide extra storage space. A manager’s office can fit a large desk and built-in furniture. In 2012, upgrades included installation of a 12-ton HVAC unit to support future expansion on the west side of the property, and electrical systems and lighting were updated. Extra land is available that can be used to add thousands of square feet to the building.
The property is located on the southbound service road of Memorial Parkway between Airport Road and Martin Road, near the Golf Road overpass.
Key Highlights
- Converted convenience store currently operating as a high‑end automobile shop
- Freshly sealed and striped parking lot plus a 10‑foot front canopy with storefront sign
- 10‑foot concrete apron with vehicle ramp and an 8‑foot roll‑up overhead door with opener
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 | $44.1k | $18.00 |
| − Vacancy | −$1.3k | −$0.54 |
| EGI | $42.7k | $17.46 |
| − OpEx | −$12.8k | −$5.24 |
| NOI | $29.9k | $12.22 |
2,448 SF · lease $18.00/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$427.4K
$374.0K – $498.7K
NOI $29,919 @ 7.0% cap · market cap 6.65%
Second Best
Industrial
$221.0K
$193.4K – $257.9K
NOI $15,473 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$637.5K
$557.8K – $743.7K
NOI $44,622 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- The 256 Hi-Wayman — 7801 Chadwell Rd SW, Huntsville, AL 35802
FAQs
What type of property is this?
Auto shop - Converted convenience store currently operating as an auto shop with a canopy, vehicle ramp, and 8-foot roll-up door access.
Where is this auto shop located?
The property is located at 4058 South Memorial Parkway Huntsville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Converted convenience store currently operating as a high‑end automobile shop; Freshly sealed and striped parking lot plus a 10‑foot front canopy with storefront sign; 10‑foot concrete apron with vehicle ramp and an 8‑foot roll‑up overhead door with opener
