Auto Shop with Drive-Through
New
For Sale
$299,900
818 Highway 31, Hartselle, AL 35640
Business Opportunity, Hartselle, AL
Property Size3,850 SF
Lot Size0.23 Acres
Price / SF$77.90
Days on Market3
Property Features for 818 Highway 31
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Parking features
Parking Lot
Exterior features
Lighting
Subdivision
Metes And Bounds
Directions
From The Intersection Of Highways 31 And 36, Go South On 31 For About 3/10 Mile To Hartselle Plaza On The Left(East Side Of 31)
Standard status
Active
APN
1505151022001.003
Size
3,850 SF
Lot size
0.23 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Mcnatt Real Estate And Auction
(256) 800-1034
Listed By:
Chris McNatt · License #75795
(256) 874-3786
Added: Oct 20
Last Checked: Oct 22 at 5:06AM
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.
Configured for automotive service, the building has three drive-through bays with 12-foot doors, two office spaces, and two restrooms. The main level measures approximately 1,925 square feet, with a full basement below. Total building area is 3,850 square feet. The property is currently operating as a tire shop and includes a parking lot, concrete flooring, lighting, and a metal roof.
Built in 1995, the property occupies 0.23 acres at 818 Highway 31 in Hartselle. Public water and public sewer serve the site.
Built in 1995, the property occupies 0.23 acres at 818 Highway 31 in Hartselle. Public water and public sewer serve the site.
Key Highlights
- Three drive‑through service bays with 12‑foot doors
- Approximately 1,925 square feet on the main level; 3,850 square feet total
- Full basement beneath the building
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.
How Realmo checks its estimates
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 three-bay 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: Three drive‑through service bays with 12‑foot doors; Approximately 1,925 square feet on the main level; 3,850 square feet total; Full basement beneath the building
