Metal Flex Building with New
For Sale
$375,000
608 Longhorn Pass NW, Hartselle, AL 35640
COMMERCIAL - Hartselle, AL
Property Size3,500 SF
Lot Size0.45 Acres
Price / SF$107.14
Days on Market47
Property Features for 608 Longhorn Pass NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Directions
From Highway 31 In Hartselle, Turn East On Longhorn Pass. Building Is 2 Doors East Of Starbucks On The Right. Currently Occupied By Clippity Doo Dogs.
Standard status
Active
Size
3,500 SF
Lot size
0.45 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Re/Max Platinum · RE/MAX International
(256) 351-9180
Listed By:
Kay Saint · License #119196
(256) 318-2293
Added: Jun 26
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 21915573
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 metal flex building offers 3,500 square feet of space suited to a range of retail, office, or service-based operations. The property includes ample parking for customers and staff, and key building systems have been refreshed with a new roof installed in 2024 and new HVAC completed in 2025.
Located in Hartselle, Alabama, the building sits in a high-traffic area just off Highway 31, with visibility and convenient access for drive-up traffic. The immediate area also includes a new Starbucks nearby, which can support day-to-day customer traffic patterns.
For tenants and buyers seeking a practical, adaptable commercial site, the combination of turnkey building updates and an easily marketable flex layout helps streamline planning for common storefront, small office, or service uses. The on-site parking supports straightforward customer access, while the flexible positioning in a busy retail corridor makes the property a logical candidate for operators looking for a single facility that can serve multiple business types.
Located in Hartselle, Alabama, the building sits in a high-traffic area just off Highway 31, with visibility and convenient access for drive-up traffic. The immediate area also includes a new Starbucks nearby, which can support day-to-day customer traffic patterns.
For tenants and buyers seeking a practical, adaptable commercial site, the combination of turnkey building updates and an easily marketable flex layout helps streamline planning for common storefront, small office, or service uses. The on-site parking supports straightforward customer access, while the flexible positioning in a busy retail corridor makes the property a logical candidate for operators looking for a single facility that can serve multiple business types.
Key Highlights
- 3,500 SF metal commercial building
- New roof in 2024
- New HVAC in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,944
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,880
$578.9K
Cap Rate 7%
$413,486
$413.5K
Cap Rate 9%
$321,600
$321.6K
Market Conditions
NOI Build-Up for 3,500 SF
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.
Gross rent
$46.2K $13.20/SF
− Vacancy
−$4.9K −$1.39/SF
EGI
$41.3K $11.81/SF
− OpEx
−$12.4K −$3.54/SF
NOI
$28.9K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,880
Cap Rate 7%
$413,486
Cap Rate 9%
$321,600
Alternative Uses
Best Use
Office B
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 9.50%
Second Best
Retail
$413.5K
$361.8K – $482.4K
NOI $28,944 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$728.2K
$637.1K – $849.5K
NOI $50,971 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eatin in the Attic — 117 Main St W, Hartselle, AL 35640
Frequently Asked Questions
What type of property is this?
Flex space - Recent roof and HVAC updates support a flexible retail, office, or service use with ample parking.
Where is this flex space located?
The property is located at 608 Longhorn Pass NW Hartselle, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,500 SF metal commercial building; New roof in 2024; New HVAC in 2025
