Commercial Building with Open
8799 US Hwy 31 Hanceville, AL 35077
8799 US Hwy 31, Hanceville, AL, 35077
$500,000
For Sale
$500,000
Commercial building featuring office and open space with fenced perimeters.
Property Size8,000 SF
Price / SF$62.50
Days on Market119
Property Features for 8799 US Hwy 31
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1987
Listing Agency
Southern.256 Real Estate LLC
(256) 962-3030
Listed by
Ryan Barnett · License #111604
(256) 962-3030
Source
Exitrealty
Added: Mar 21 Checked: Jul 16 at 5:58 am
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 Southern.256 Real Estate LLC
Investment Insights
Based on property information with market context.
This commercial building offers both office space and open space suitable for various needs. The property features fenced sides and a fenced back, along with a covered area at the back that spans the building's full width. The property presents many possibilities.
Key Highlights
- Commercial building featuring office space.
- Open space offers versatility for various business needs.
- Fenced sides and back provide added security.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $9.00 |
| − Vacancy | −$5.8k | −$0.72 |
| EGI | $66.2k | $8.28 |
| − OpEx | −$23.2k | −$2.90 |
| NOI | $43.1k | $5.38 |
8,000 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 12.70%
Second Best
Flex RnD
$615.1K
$538.2K – $717.6K
NOI $43,056 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Commercial building featuring office and open space with fenced perimeters.
Where is this flex space located?
The property is located at 8799 US Hwy 31 Hanceville, AL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Commercial building featuring office space.; Open space offers versatility for various business needs.; Fenced sides and back provide added security.
