Auto Service Building with Three
818 HIGHWAY 31, Hartselle, AL 35640
For Sale
$299,900
Commercial Sale, HARTSELLE, AL
Property Size3,850 SF
Lot Size0.23 Acres
Price / SF$77.90
Days on Market23
Property Features for 818 HIGHWAY 31
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Basement
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Water source
Amenities
two office spaces
two restrooms
full basement
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
McNatt Real Estate and Auction
(256) 800-1034
Listed By:
Chris Mcnatt · License AL #75795
(256) 874-3786
Added: Oct 20
Changed: Nov 3
Last Checked: Nov 11 at 8:06PM
MLS# 21932129
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.
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Investment Insights
Based on property information with market context.
This 3,850-square-foot auto shop has a 1,925-square-foot main level and a full basement. Three service bays have 12-foot doors, and the main level also includes two offices and two restrooms. The property is currently operating as a tire shop. Concrete flooring and block, metal siding, and concrete construction are among its physical features.
Built in 1995, the building has natural gas heating, a metal roof, exterior lighting, and a parking lot. The 0.23-acre property is served by public water and is located on Highway 31 in Hartselle, Alabama. Viewings are by appointment; the property is offered for sale, not lease.
Built in 1995, the building has natural gas heating, a metal roof, exterior lighting, and a parking lot. The 0.23-acre property is served by public water and is located on Highway 31 in Hartselle, Alabama. Viewings are by appointment; the property is offered for sale, not lease.
Key Highlights
- 3,850‑square‑foot building with a 1,925‑square‑foot main level and full basement
- Three service bays with 12‑foot doors
- Two offices and two restrooms
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
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
NOI $31,839 @ 7.0% cap · market cap 10.62%
Second Best
Industrial
$280.8K
$245.7K – $327.6K
NOI $19,655 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$801.0K
$700.9K – $934.5K
NOI $56,068 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
153k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 33%
Groceries 19%
Home Improvements & Furnishings 11%
Kroger
Groceries
29,340 visits/mo
0.2 miles
McDonald's
Dining
23,793 visits/mo
0.3 miles
Wendy's
Dining
11,964 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
10,664 visits/mo
0.2 miles
Exxon
Shops & Services
9,690 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Eddie's Towing & Garage — 1701 Hwy 31 SW, Hartselle, AL 35640
- Paul's Towing & Recovery Services — 1701 Hwy 31 SW SW, Hartselle, AL 35640
- B & G Ok Tire Store-Hartselle — 1800 Hwy 31 SW, Hartselle, AL 35640
- K G tire shop — 818 Hwy 31 SW, Hartselle, AL 35640
- Storey Automotive — 917 US-31, Hartselle, AL 35640
Frequently Asked Questions
What type of property is this?
Auto shop - Two offices, two restrooms, and a full basement complement the service layout.
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: 3,850‑square‑foot building with a 1,925‑square‑foot main level and full basement; Three service bays with 12‑foot doors; Two offices and two restrooms
