Medical and Office
1021 Woodward Ave Muscle Shoals, AL 35661
1021 Woodward Ave, Muscle Shoals, AL, 35661
$447,200
For Sale
$447,200
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 Market37
Property Features for 1021 Woodward Ave
General Information
- Standard status
- Active
- Size
- 3,440 SF
Listing agency
Pounders & Associates, Inc.
(256) 766-0998
Listed by
Justin Bishop · License #000086299
(256) 766-0998
Source
Exprealty
Added: Jun 16 Updated: Jul 21 at 8:42AM Checked: Jul 22 at 9:18AM
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.
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.
Local Financial Insights For Healthcare Medical
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 | $55.7k | $16.20 |
| − Vacancy | −$5.9k | −$1.70 |
| EGI | $49.9k | $14.50 |
| − OpEx | −$20.0k | −$5.80 |
| NOI | $29.9k | $8.70 |
3,440 SF · lease $16.20/SF/yr · vacancy 10.50% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Southern Pride Pest ...
Garden Center
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FAQs
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.
