Medical and Office
For Sale
$447,200
1021 Woodward Ave, Muscle Shoals, AL 35661
Office building on Woodward Avenue with strong visibility and convenient access for a range of service uses.
Property Size3,440 SF
Price / SF$130
Days on Market128
Property Features for 1021 Woodward Ave
General Information
Standard status
Active
Size
3,440 SF
Taxes and HOA fees
Annual Taxes
$2,324
Listing Agency:
Pounders & Associates, Inc.
Listed By:
Justin Bishop · License #000086299
(256) 766-0998
Source:
Exprealty
Added: Jun 16
Changed: Oct 5
Last Checked: Oct 20 at 11:40PM
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 Pounders & Associates, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers a versatile office building configuration and was most recently used as office space. The building is suited for a variety of commercial uses, including professional office and medical office, as well as retail, financial services, insurance, or other service-oriented businesses.
Located along Woodward Avenue, one of the Shoals area’s busiest retail and business corridors, the property benefits from visibility and exposure to high daily traffic counts. The surrounding trade area is described as including established retailers, restaurants, and local businesses serving Muscle Shoals, Sheffield, Tuscumbia, and Florence.
If you are looking for a flexible space with a history of office use in a consistently active commercial corridor, this property is positioned to support multiple professional and service categories.
Located along Woodward Avenue, one of the Shoals area’s busiest retail and business corridors, the property benefits from visibility and exposure to high daily traffic counts. The surrounding trade area is described as including established retailers, restaurants, and local businesses serving Muscle Shoals, Sheffield, Tuscumbia, and Florence.
If you are looking for a flexible space with a history of office use in a consistently active commercial corridor, this property is positioned to support multiple professional and service categories.
Key Highlights
- Commercial building along Woodward Avenue in the Shoals area.
- Most recently used as office space.
- Building described as suitable for professional office, medical office, retail, financial services, insurance, or other service‑oriented businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,926
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,520
$598.5K
Cap Rate 7%
$427,514
$427.5K
Cap Rate 9%
$332,511
$332.5K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$55.7K $16.20/SF
− Vacancy
−$5.9K −$1.70/SF
EGI
$49.9K $14.50/SF
− OpEx
−$20.0K −$5.80/SF
NOI
$29.9K $8.70/SF
Area
Colbert County, AL
Vacancy
10.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,520
Cap Rate 7%
$427,514
Cap Rate 9%
$332,511
Alternative Uses
Best Use
Healthcare Medical
$427.5K
$374.1K – $498.8K
NOI $29,926 @ 7.0% cap · market cap 6.69%
Second Best
Office B
$403.6K
$353.2K – $470.9K
NOI $28,254 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$549.3K
$480.7K – $640.9K
NOI $38,453 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 35661, AL
18,714
Population
8,911
Households
2.1
Avg Household Size
42
Median Age
24%
College-Educated
91%
High-School Grad
51.2 sq mi
ZIP Area
366
Density / Sq Mi
$66,726
Median Household Income
$43,826
Median Earnings
$917
Median Rent
$189,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building on Woodward Avenue with strong visibility and convenient access for a range of service uses.
Where is this office building located?
The property is located at 1021 Woodward Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $447,200.
What are key features of this property?
This property features: Commercial building along Woodward Avenue in the Shoals area.; Most recently used as office space.; Building described as suitable for professional office, medical office, retail, financial services, insurance, or other service‑oriented businesses.
