Hanceville Retail and Industrial
306 Main St SE Hanceville, AL 35077
306 Main St SE, Hanceville, AL, 35077
Contact for pricing
For Sale
Contact for pricing
22,360 SqFt retail and industrial space for sale.
Property Size22,360 SF
Price / SF$59.26
Days on Market664
Property Features for 306 Main St SE
General Information
- Standard status
- Active
- Size
- 22,360 SF
- Property subtype
- Retail, Industrial
Listing Agency
JH Berry
Listed by
Christopher Thames · License #AL 000071659
Source
Crexi
Added: Sep 25, 2024 Updated: Jul 10 at 11:23 am Checked: Jul 17 at 5:04 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 JH Berry
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Retail property
- 22,360 sqft
Local 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 | $134.2k | $6.00 |
| − Vacancy | −$10.1k | −$0.45 |
| EGI | $124.1k | $5.55 |
| − OpEx | −$37.2k | −$1.67 |
| NOI | $86.9k | $3.89 |
22,360 SF · lease $6.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.29M
$2.01M – $2.68M
NOI $160,590 @ 7.0% cap · market cap 12.12%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,869 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$3.30M
$2.88M – $3.85M
NOI $230,755 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
King's Home Thrift
Discount Store
Similar For Sale Nearby
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
