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    For Sale (34)

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    Wooded Land with Water Views
    $349,000
    5.98 Acres

    Wooded Land with Water Views

    Land with water views, suitable for subdivision or estate.

    1172 Veterans Dr, Muscle Shoals, AL 35661
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    32 Acres on Highway 72
    $399,999
    32.33 Acres

    32 Acres on Highway 72

    32 acres of cleared, flat land with metal building.

    Highway 72, Cherokee, AL 35674
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    Unrestricted Land in Vina, Alabama
    $39,000
    5.30 Acres

    Unrestricted Land in Vina, Alabama

    5.30-acre parcel in Vina, Alabama, with no restrictions.

    State Highway 19, Vina, AL 35593
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    Residential Land in Florence, AL
    Contact for pricing
    0.34 Acres

    Residential Land in Florence, AL

    Two wooded lots totaling 0.34 acres in Florence, Alabama.

    Broadway St, Florence, AL 35630
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    Muscle Shoals Land For Sale
    Contact for pricing
    0.16 Acres

    Muscle Shoals Land For Sale

    Residential lot in Muscle Shoals school district.

    1St Ave, Muscle Shoals, AL 35661
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    LAND - Town Creek, AL
    $69,000
    10.30 Acres

    LAND - Town Creek, AL

    Land

    Hwy 101, Town Creek, AL 35672
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    Residential Lot in Sound Crossings
    $87,500
    0.17 Acres

    Residential Lot in Sound Crossings

    Residential lot available in the new Sound Crossings subdivision.

    117 Fame Ave, Tuscumbia, AL 35674
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    Residential Lot in Sound Crossings
    $89,000
    0.20 Acres

    Residential Lot in Sound Crossings

    Residential lot available in the new Sound Crossings subdivision.

    105 Studio Dr, Tuscumbia, AL 35674
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    Residential Lot in Tuscumbia, AL
    Contact for pricing
    0.12 Acres

    Residential Lot in Tuscumbia, AL

    Residential lot near schools, shopping, and restaurants.

    E Commons St, Tuscumbia, AL 35674
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    Prime Land in Florence, AL
    $149,900
    3.00 Acres

    Prime Land in Florence, AL

    3-acre parcel on main highway, ideal for development.

    Chisholm Rd, Florence, AL 35630
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    Residential Lots in Florence, AL
    Contact for pricing
    0.68 Acres

    Residential Lots in Florence, AL

    Four wooded residential lots near schools, parks, and shopping.

    Jones St, Florence, AL 35630
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    Residential Lot in Tuscumbia, AL
    Contact for pricing
    0.99 Acres

    Residential Lot in Tuscumbia, AL

    Residential lot in a prime Tuscumbia, AL location.

    403 S Hickory St, Tuscumbia, AL 35674
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    Land in Florence, Alabama
    $115,500

    Land in Florence, Alabama

    Residential land with potential views near Shoal Creek.

    County Road 368, Florence, AL 35634
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    Land in Russellville, Alabama
    $62,000
    8.65 Acres

    Land in Russellville, Alabama

    8.6 acre land parcel with development potential.

    Highway 24, Russellville, AL 35653
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    Florence Multifamily Investment Opportunity
    $225,000
    2,200 SF

    Florence Multifamily Investment Opportunity

    Four-unit property near UNA, ideal for investment or Airbnb.

    213 E Mattielou St, Florence, AL 35630
    View details
    Waterfront Land on Pickwick Lake
    $44,999
    0.62 Acres

    Waterfront Land on Pickwick Lake

    Beautiful waterfront lot with dock and underground utilities.

    Imperial Lp, Cherokee, AL 35616
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    Residential Lot in Tuscumbia, AL
    $87,500
    0.17 Acres

    Residential Lot in Tuscumbia, AL

    Residential lot available in new Muscle Shoals subdivision.

    322 Fame Ave, Tuscumbia, AL 35674
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    Residential Lot in Tuscumbia, AL
    $87,500
    0.17 Acres

    Residential Lot in Tuscumbia, AL

    Residential lot available in new Muscle Shoals subdivision.

    328 Fame Ave, Tuscumbia, AL 35674
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    Residential Lot in Sound Crossings
    $89,000
    0.21 Acres

    Residential Lot in Sound Crossings

    Residential lot available in Tuscumbia, Alabama's Sound Crossings subdivision.

    103 Studio Dr, Tuscumbia, AL 35674
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    Residential Lot in Sound Crossings
    $89,000
    0.19 Acres

    Residential Lot in Sound Crossings

    Residential lot for building a dream home in Tuscumbia.

    107 Studio Dr, Tuscumbia, AL 35674
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    Pickwick Lake Waterfront Lot
    $350,000
    1.93 Acres

    Pickwick Lake Waterfront Lot

    1.93-acre lakefront lot on Pickwick Lake with private beach.

    Paradise Dr, Waterloo, AL 35677
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    Residential Lot in Tuscumbia, AL
    $87,500
    0.17 Acres

    Residential Lot in Tuscumbia, AL

    Residential lot available in new Muscle Shoals subdivision.

    326 Fame Ave, Tuscumbia, AL 35674
    View details
    Wooded Lot Near Downtown Florence
    Contact for pricing
    0.12 Acres

    Wooded Lot Near Downtown Florence

    Wooded lot near UNA and downtown Florence, Alabama.

    Campbell Cir, Florence, AL 35630
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    Residential Lot in Sound Crossings
    $87,500
    0.19 Acres

    Residential Lot in Sound Crossings

    Residential lot for building a dream home in Tuscumbia.

    320 Fame Ave, Tuscumbia, AL 35674
    View details
    Residential Lot in Sound Crossings
    $87,500
    0.18 Acres

    Residential Lot in Sound Crossings

    Residential lot available in the Sound Crossings subdivision.

    324 Fame Ave, Tuscumbia, AL 35674
    View details
    27.79 Acres of Country Land
    $270,000
    27.79 Acres

    27.79 Acres of Country Land

    27.79 acres in Lexington, AL with utilities and no restrictions.

    5221 County Road 50, Lexington, AL 35648
    View details
    Residential Lots in Florence, AL
    $30,000
    0.86 Acres

    Residential Lots in Florence, AL

    Five wooded residential lots available near schools, parks, and shopping.

    Smith St, Florence, AL 35630
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    Prime Land Parcel in Florence
    Contact for pricing

    Prime Land Parcel in Florence

    3-acre parcel with highway frontage in Florence, Alabama.

    000 Chisholm Rd, Florence, AL 35630
    View details
    Two Acre Commercial Tract
    Contact for pricing

    Two Acre Commercial Tract

    Two acre commercial tract, ready for new business adventure.

    00 Lonnie Dr, Muscle Shoals, AL 35661
    View details
    Investment Property Near UNA
    Contact for pricing

    Investment Property Near UNA

    Four-unit property near UNA, great investment opportunity.

    213 E Mattielou St, Florence, AL 35630
    View details
    Commercial Land on Wilson Dam
    Contact for pricing

    Commercial Land on Wilson Dam

    0.698 acre commercial property on Wilson Dam Rd.

    000 Wilson Dam Rd, Muscle Shoals, AL 35661
    View details
    High Visibility Corner Commercial Property
    Contact for pricing
    1,140 SF

    High Visibility Corner Commercial Property

    Commercial property on corner of Hwy 72 and Baker Lane.

    22500 Highway 72, Tuscumbia, AL 35674
    View details
    27.79 Acres with Utilities
    Contact for pricing

    27.79 Acres with Utilities

    27.79 acres of land with utilities and owner financing.

    5221 County Road 50, Lexington, AL 35648
    View details
    Corner Lot with Storage Building
    Contact for pricing
    1,671 SF

    Corner Lot with Storage Building

    Corner lot with storage building, potential for restoration or redevelopment.

    401 Annapolis Ave, Sheffield, AL 35660
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    TRI STATE HOLDINGS, llc
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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
    TRI STATE HOLDINGS, llc
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