Mixed-Use Property with Separate
For Sale
$264,299
505 Hartley Road, Saraland, AL 36571
An active gift shop and hair salon occupy a 1934 building with customer parking and a second structure.
Property Size1,807 SF
Lot Size0.73 Acres
Price / SF$146.26
Days on Market10
Property Features for 505 Hartley Road
General Information
Standard status
Active
Size
1,807 SF
Total Parking Spaces
2
Lot size
0.73 Acres
Property subtype
Commercial
Additional Details
Asking Price
$299,000
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$2,069
Amenities
Restrooms
Other
Building Details
Building Size
1,807 SF
Year Built
1934
Buildings
1
Stories
1
Listing Agency:
Tanner & Company Real Estate L
(251) 207-9887
Listed By:
Paige Tanner · License #147474
(251) 680-3310
Source:
Gracetysonrealestate
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 24 at 2:32PM
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 Tanner & Company Real Estate L
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 0.725-acre commercial property includes a 1934 building currently used for a gift shop and hair salon, plus a separate building. Customer parking is available. The main building and backyard have also served as an event venue. Recent work includes a roof replacement and updates to the HVAC and plumbing, completed within the past two years.
At 505 Hartley Road in Saraland, the property sits along a well-traveled corridor and is near industrial facilities and employment centers. The seller is willing to consider owner financing.
At 505 Hartley Road in Saraland, the property sits along a well-traveled corridor and is near industrial facilities and employment centers. The seller is willing to consider owner financing.
Key Highlights
- 0.725‑acre property at 505 Hartley Road in Saraland
- 1934 building currently occupied by a gift shop and hair salon
- Separate additional building on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,049
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,980
$481.0K
Cap Rate 7%
$343,557
$343.6K
Cap Rate 9%
$267,211
$267.2K
Market Conditions
NOI Build-Up for 1,807 SF
Gross rent
$42.3K $23.40/SF
− Vacancy
−$3.8K −$2.11/SF
EGI
$38.5K $21.29/SF
− OpEx
−$14.4K −$7.99/SF
NOI
$24.0K $13.31/SF
Area
Mobile County, AL
Vacancy
9.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,980
Cap Rate 7%
$343,557
Cap Rate 9%
$267,211
Alternative Uses
Best Use
Mixed Use
$343.6K
$300.6K – $400.8K
NOI $24,049 @ 7.0% cap · market cap 9.10%
Second Best
Retail
$341.7K
$299.0K – $398.6K
NOI $23,918 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$445.2K
$389.6K – $519.4K
NOI $31,165 @ 7.0% cap · market cap 11.79%
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
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Burger King
Dining
10,547 visits/mo
0.3 miles
Dollar General
Shops & Services
7,663 visits/mo
0.5 miles
Little Caesars Pizza
Dining
4,416 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
1,093 visits/mo
0.2 miles
Waffle House
Dining
367 visits/mo
0.0 miles
Demographics for 36571, AL
16,759
Population
7,755
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
39.3 sq mi
ZIP Area
426
Density / Sq Mi
$61,574
Median Household Income
$47,696
Median Earnings
$1,072
Median Rent
$210,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An active gift shop and hair salon occupy a 1934 building with customer parking and a second structure.
Where is this mixed-use property located?
The property is located at 505 Hartley Road Saraland, AL.
What is the asking price?
The asking price for this property is $264,299.
What are key features of this property?
This property features: 0.725‑acre property at 505 Hartley Road in Saraland; 1934 building currently occupied by a gift shop and hair salon; Separate additional building on the property
