Building Details

Building Size 3,850 SF

Year Built 1995

Buildings 1

Stories 1

Listing Agency: McNatt Real Estate and Auction

Listed By: Chris McNatt · License #75795 Show Phone

Source: Evrealestate

Added: Oct 23 Changed: Oct 25 Last Checked: Oct 24 at 5:24PM

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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 McNatt Real Estate and Auction

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This automotive property at 818 Highway 31 in Hartselle, Alabama, was built in 1995. The site includes a parking lot and exterior lighting, with Commercial zoning.

The property is about 3/10 mile south of the intersection of Highways 31 and 36, on the east side of Highway 31.

Key Highlights

• Automotive property built in 1995
• Commercial zoning
• Parking lot and exterior lighting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,655

Cap Rate

6.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$393,100 $393.1K

Cap Rate 7%

$280,786 $280.8K

Cap Rate 9%

$218,389 $218.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,850 SF

Gross rent

$30.0K $7.80/SF

− Vacancy

−$2.0K −$0.51/SF

EGI

$28.1K $7.29/SF

− OpEx

−$8.4K −$2.19/SF

NOI

$19.7K $5.11/SF

Area

Morgan County, AL

Vacancy

6.50%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$393,100

Cap Rate 7%

$280,786

Cap Rate 9%

$218,389

Alternative Uses

Best Use

Retail

$454.8K

$398.0K – $530.7K (±1% cap)

NOI $31,839 @ 7.0% cap · market cap 10.62%

Second Best

Industrial

$280.8K

$245.7K – $327.6K (±1% cap)

NOI $19,655 @ 7.0% cap · market cap 6.55%

Theoretical Best

Office A

$801.0K

$700.9K – $934.5K (±1% cap)

NOI $56,068 @ 7.0% cap · market cap 18.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

K G tire ... Auto Repair Shop Harvey T's Muffler ... Auto Repair Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Skin Care Clinic Computer & Electronic Repair Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

685

Businesses Nearby

212k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 37% Dining 31% Superstores 28% Electronics 2%

Walmart Superstores

60,035 visits/mo 0.4 miles

Zaxby's Chicken Fingers & Buffalo Wings Dining

15,268 visits/mo 0.3 miles

Murphy USA Shops & Services

14,907 visits/mo 0.5 miles

Dollar Tree Shops & Services

14,541 visits/mo 0.3 miles

Jack's Family Restaurants Dining

11,742 visits/mo 0.2 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Armistead Tire & Muffler Center — 706 Hwy 31 SW, Hartselle, AL 35640
• Harvey T's Muffler & Ehaust — 818 Hwy 31 SW, Hartselle, AL 35640
• Holt's Automotive — 1225 main st w, hartselle, al 35640
• Wilson custom classics — 401 Rooks St NW, Hartselle, AL 35640
• Tankersley's Service Center, Inc. — 200 US-31, Hartselle, AL 35640

Frequently Asked Questions

What type of property is this?

Auto shop - Commercial zoning, exterior lighting, and on-site parking are among the property’s existing features.

Where is this auto shop located?

The property is located at 818 Highway 31 Hartselle, AL.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: Automotive property built in 1995; Commercial zoning; Parking lot and exterior lighting