Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Hartselle Centre Title is generated by Realmo AI

    709 US-31, Hartselle, AL 35640

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a newer 3-tenant retail center.

    Type:Retail
    Property size:
    1,202 SF
    Added:
    Nov 8, 2022
    Days on Market:
    1280
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 709 US-31

    General Information

    Standard status
    Active
    Size
    1,202 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Justin Bishop
    Justin Bishop

    Listing agent Justin Bishop License #AL 000086299

    Listing office Pounders & Associates, Inc

    Listing date Nov 8, 2022

    Source Crexi

    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 Pounders & Associates, Inc

    HighLights

    • High traffic location: 21,887 vehicles per day (VPD) on Highway 31.
    • Located in the heart of Hartselle's retail trade area.
    • Ample parking: 61 spaces, exceeding 12 per 1,000 SF.
    • Zoned B‑1 Neighborhood Business, allowing for various retail uses.
    • 1,202 SF inline space with dimensions of 17'-2" wide and 70' deep.
    • Previously occupied by GreatClips, featuring additional plumbing and electrical outlets.

    Overview

    Located in the heart of Hartselle's retail trade area, this 1,202 square foot inline retail space is situated within the Hartselle Centre, a newer three-tenant retail center. The space measures 17 feet 2 inches wide and 70 feet deep. Formerly occupied by GreatClips, the suite includes additional plumbing and electrical outlets. The property has 61 parking spaces, resulting in a parking ratio exceeding 12 per 1,000 square feet. Traffic counts on Highway 31 at this location reach 21,887 vehicles per day. The zoning is B-1 Neighborhood Business, which allows for various retail establishments.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Hartselle
    County
    Morgan
    State
    Alabama
    Longitude
    -86.8894
    Latitude
    34.448

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Morgan Plaza

      Easily accessible retail space with high visibility and national tenants.
      240 Highway 31 Southwest, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Hartselle Shoppes

      2,000 SF retail suite in high-traffic Hartselle corridor.
      1091 Highway 31 NW, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Retail spaces available in Hartselle's busiest retail center.
      241 Highway 31 SW, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Hartselle Shoppes

      Retail space for lease in high-traffic shopping center.
      1091 Highway 31 NW, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Hartselle Retail Space For Lease

      Retail space available in Walmart Shadow Center in Hartselle, AL.
      1199 Highway 31 NW, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Retail spaces available in Hartselle's busiest retail center.
      241 Hwy 31 SW, Hartselle, AL
      View Details
    • Contact for pricing

      Hartselle Warehouse & Manufacturing Facility

      282,610 SF warehouse/manufacturing facility on 46.94 acres for lease.
      1641 Thompson Rd, Hartselle, AL 35640
      View Details
    • Contact for pricing

      Highly Visible Retail Space Available

      Easily accessible retail space with national tenants and high visibility.
      240 Highway 31Southwest, Hartselle, AL 35640
      View Details
    • $12 SF/Yr

      Retail Strip Center For Rent

      Retail strip center with high traffic and ample parking.
      701 Hwy 31 S, Hartselle, AL 35640
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a newer 3-tenant retail center.
    Where is this retail space located?
    The property is located at 709 US-31 Hartselle, AL.
    What are key features of this property?
    This property features: High traffic location: 21,887 vehicles per day (VPD) on Highway 31.; Located in the heart of Hartselle's retail trade area.; Ample parking: **61 spaces**, exceeding 12 per 1,000 SF.
    (256) 766-0998 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Bishop
    Justin Bishop
    Real Estate License ID: AL 000086299
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    709 US-31, Hartselle, AL 35640
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!