Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    306 Main St SE Hanceville, AL 35077

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    22,360 SqFt retail and industrial space for sale.

    Type:Retail, Industrial
    Property size:
    22,360 SF
    Added:
    Sep 25, 2024
    Days on Market:
    573
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 306 Main St SE

    General Information

    Standard status
    Active
    Size
    22,360 SF
    Property subtype
    Retail, Industrial

    We can help!

    Listing Contact
    Christopher Thames

    Listing agent Christopher Thames License #AL 000071659

    Listing office JH Berry

    Listing date Sep 25, 2024

    Source Crexi

    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 JH Berry

    Overview

    Hanceville Retail and Industrial Space

    This property, located in Hanceville, Alabama, offers 22,360 square feet of space suitable for retail and industrial purposes. The property is located at 306 Main St SE, Hanceville, AL 35077.
    Location Intelligence

    Current Use by Public Records

    King's Home Thrift Discount Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanceville
    County
    Cullman
    State
    Alabama
    Longitude
    -85.6133833
    Latitude
    33.9259535

    Nearby Similar for Sale

    • $459,900
      6,490 SF

      Hanceville Commercial Building with Garage

      6490 SF commercial building with separate garage for sale.
      111 Bangor Avenue NE, Hanceville, AL 35077
      View Details
    • $459,900
      6,490 SF

      Commercial Building with Detached Garage

      6490 SF commercial building with separate garage and parking.
      111 Bangor NE Avenue, Hanceville, AL 35077
      View Details
    • $500,000
      8,000 SF

      Commercial Building with Open Space

      Commercial building featuring office and open space with fenced perimeters.
      8799 US Hwy 31, Hanceville, AL 35077
      View Details
    • $4,600,000
      59,500 SF

      Spacious Warehouse with Cross Dock

      60,000 sqft warehouse featuring a clear-span layout and cross-dock.
      80 Campbell Dr, Hanceville, AL 35077
      View Details
    • $2,700,000
      36,000 SF

      Dodge City Storage Units

      New storage units near I-65 and Smith Lake.
      6140 Co Rd 490, Hanceville, AL 35077
      View Details
    • $1,325,000
      22,360 SF

      Hanceville Retail Center For Sale

      22,360 SF retail center on 1.82 AC for sale.
      306 Main Street Southeast, Hanceville, AL 35077
      View Details
    • $980,000
      1,650 SF

      Cullman County Land with Riverfront

      47 acres with river frontage, home, and barn/shop.
      509 Co Rd 547, Hanceville, AL 35077
      View Details
    • $1,500,000
      20,000 SF

      Licensed Hemp Grow and Processing

      20,000 sqft licensed hemp grow and processing facility for sale.
      770 County Road 654, Hanceville, AL, 35077-6461
      View Details
    • $189,500
      1,520 SF

      3200 SF Metal Building

      Metal building with warehouse and office space for sale.
      28377 Hwy 91, Hanceville, AL 35077
      View Details
    • $99,900

      Commercial Property in Hanceville, Alabama

      Commercial property for sale in Hanceville, Alabama.
      0 Main St Sw, Hanceville, AL 35077
      View Details

    FAQs

    What type of property is this?
    Retail property - 22,360 SqFt retail and industrial space for sale.
    Where is this retail property located?
    The property is located at 306 Main St SE Hanceville, AL.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: Retail property; 22,360 sqft
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher Thames
    Real Estate License ID: AL 000071659
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!