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    For Sale (18)

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    40 Acres Near Dismals Canyon
    $199,000
    40.00 Acres

    40 Acres Near Dismals Canyon

    40-acre tract of land in Franklin County, Alabama.

    Highway 8, Phil Campbell, AL 35581
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    Renovated Commercial Building in Florence
    $449,900
    1,595 SF

    Renovated Commercial Building in Florence

    Move-in ready commercial space with recent HVAC and roof updates.

    715 Cox Creek Pkwy, Florence, AL 35630
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    Muscle Shoals Commercial Corner Lot
    $399,900
    2,700 SF

    Muscle Shoals Commercial Corner Lot

    High-visibility corner lot suitable for retail, office, or service businesses.

    2403 Woodward Ave, Muscle Shoals, AL 35661
    View details
    Wilson Dam Road Commercial Opportunity
    $650,000
    0.91 Acres

    Wilson Dam Road Commercial Opportunity

    High-visibility commercial land ideal for various business opportunities.

    Wilson Dam Rd, Muscle Shoals, AL 35661
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    Muscle Shoals Commercial Corner Lot
    $369,900
    1,581 SF

    Muscle Shoals Commercial Corner Lot

    Prime commercial property with high visibility and traffic flow.

    2401 Rosedale Ave, Muscle Shoals, AL 35661
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    Remodeled Mixed-Use Building For Sale
    $1,075,000
    12,000 SF

    Remodeled Mixed-Use Building For Sale

    Large, remodeled mixed-use building with apartments and business potential.

    309 N Montgomery Ave, Sheffield, AL 35660
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    Established Business on Corner Lot
    $1,610,000
    6,900 SF

    Established Business on Corner Lot

    Well-established clothing business with high visibility and office space.

    300 N Montgomery Ave, Sheffield, AL 35660
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    Established Restaurant with Event Room
    $925,000
    6,000 SF

    Established Restaurant with Event Room

    Restaurant with fixtures and equipment included in downtown Sheffield.

    307 N Montgomery Ave, Sheffield, AL 35660
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    Historic Mixed-Use Building For Sale
    $950,000
    4,863 SF

    Historic Mixed-Use Building For Sale

    Renovated 1916 building with mixed-use potential in Sheffield, AL.

    301 N Montgomery Ave, Sheffield, AL 35660
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    Mixed-Use Property with Apartments
    $1,075,000
    12,000 SF

    Mixed-Use Property with Apartments

    Two buildings with businesses and four occupied apartments for sale.

    310 N Montgomery Ave, Sheffield, AL 35660
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    Sheffield Medical Office Building
    $148,000
    864 SF

    Sheffield Medical Office Building

    Prime Medical Office Space - High Visibility

    1001 Jackson Hwy, Sheffield, AL 35660
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    Historic Building with Renovation Potential
    Contact for pricing
    4,863 SF

    Historic Building with Renovation Potential

    1916 building with restaurant, apartments, and retail potential.

    301 N Montgomery Ave, Sheffield, AL 35660
    View details
    Muscle Shoals Commercial Corner Lot
    Contact for pricing
    2,700 SF

    Muscle Shoals Commercial Corner Lot

    High-visibility commercial property suitable for retail, office, or service businesses.

    2403 Woodward Ave, Muscle Shoals, AL 35661
    View details
    Remodeled Mixed-Use Building For Sale
    Contact for pricing
    12,000 SF

    Remodeled Mixed-Use Building For Sale

    Large, remodeled mixed-use building with apartments and business potential.

    309 N Montgomery Ave, Sheffield, AL 35660
    View details
    Land Available in Sheffield
    Contact for pricing

    Land Available in Sheffield

    Lots ready for construction in Sheffield, Alabama.

    000 Broadway St, Sheffield, AL 35660
    View details
    Established Restaurant with Event Room
    Contact for pricing
    6,000 SF

    Established Restaurant with Event Room

    Restaurant with fixtures and equipment included in downtown Sheffield.

    307 N Montgomery Ave, Sheffield, AL 35660
    View details
    Mixed-Use Property with Apartments
    Contact for pricing
    12,000 SF

    Mixed-Use Property with Apartments

    Two buildings with established businesses and four apartments.

    310 N Montgomery Ave, Sheffield, AL 35660
    View details
    Established Business on Corner Lot
    Contact for pricing
    6,900 SF

    Established Business on Corner Lot

    Well-established clothing business with office space on a corner lot.

    300 N Montgomery Ave, Sheffield, AL 35660
    View details

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    Re/Max Tri- State
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    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
    Re/Max Tri- State
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