Car Wash Redevelopment
For Sale
Contact for pricing
3030 University Dr NW, Huntsville, AL 35816
Closed car wash facility suitable for redevelopment or commercial conversion.
Property Size10,783 SF
Price / SF$125.20
Days on Market1215
Property Features for 3030 University Dr NW
General Information
Standard status
Active
Size
10,783 SF
Property subtype
Retail
Building Details
Year Built
1989
Listing Agency:
Russ Russell Commercial Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #AL000025965-1
Source:
Crexi
Added: Apr 3, 2023
Changed: Jul 6
Last Checked: Jul 30 at 7:53AM
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 Russ Russell Commercial Real Estate
Investment Insights
Based on property information with market context.
This property, currently a closed car wash facility, presents a redevelopment opportunity or the potential for conversion to alternate commercial uses. The property occupies a site of 10783 square feet.
Key Highlights
- Redevelopment Opportunity
- Potential for Alternate Commercial Uses
- Existing Car Wash Facility
Financial Insights For Industrial
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 | $103.5k | $9.60 |
| − Vacancy | −$6.1k | −$0.57 |
| EGI | $97.4k | $9.03 |
| − OpEx | −$29.2k | −$2.71 |
| NOI | $68.2k | $6.32 |
10,783 SF · lease $9.60/SF/yr · vacancy 5.94% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,617 @ 7.0% cap · market cap 11.16%
Second Best
Retail
$1.88M
$1.65M – $2.20M
NOI $131,790 @ 7.0% cap · market cap 9.76%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,553 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
144k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 17%
Home Improvements & Furnishings 11%
McDonald's
Dining
25,751 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
14,822 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
14,510 visits/mo
0.1 miles
SONIC Drive In
Dining
12,076 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
11,043 visits/mo
0.1 miles
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Closed car wash facility suitable for redevelopment or commercial conversion.
Where is this car wash located?
The property is located at 3030 University Dr NW Huntsville, AL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Redevelopment Opportunity; Potential for Alternate Commercial Uses; Existing Car Wash Facility
