Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    925 Rickwood Rd Florence, AL 35630

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $149,900

    Commercial property suitable for medical or business offices.

    Lot size:
    0.98 Acres

    Property Features for 925 Rickwood Rd

    General Information

    Standard status
    Active
    Lot size
    0.98 Acres

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Beverly R Hardeman
    Source: Exitrealty

    Listing Agency: Prime Properties Realty LLC Listing Agent: Beverly R Hardeman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land in Prime Location

    This commercial property offers a business opportunity with approximately 0.93 acres of land in a prime location. Zoned B1, the parcel is suitable for various uses, including medical offices and business offices. The property is located next to multiple dentist and medical offices in Florence, Alabama.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6660404
    Latitude
    34.8299146

    Nearby Similar for Sale

    • $460,000
      1,595 SF

      Renovated Commercial Building in Florence

      Turnkey commercial space in a sought-after Florence location.
      715 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $794,000
      3,876 SF

      Florence Office Building For Sale

      3,876 sq ft office building in high-traffic Florence location.
      201 S Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $2,950,000
      14,477 SF

      Downtown Florence Medical Office Building

      2.5-story medical office building in high-traffic downtown location.
      201 E Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $1,175,000
      8,750 SF

      Commercial Office Building in Florence

      Prime commercial office building in high-traffic downtown Florence, Alabama.
      302 W Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $425,000
      3,906 SF

      Well-Maintained Church Building on 0.86 Acres

      Church building on 0.86 acres, perfect for ministries.
      3651 Cole Ave, Florence, AL 35630
      View Details
    • New
      $330,000
      3,300 SF

      Florence Multifamily Investment Opportunity

      Five-unit apartment building near UNA, with income potential.
      727 Sherrod Ave, Florence, AL 35630
      View Details
    • $399,900
      2,259 SF

      Versatile Commercial Building in Florence

      High-visibility commercial building with ample parking and updated facilities.
      121 S Chestnut St, Florence, AL 35630
      View Details
    • $1,950,000
      28,429 SF

      Downtown Florence Commercial Opportunity

      37,579 SF facility in downtown Florence, Alabama for sale.
      502 S Court St, Florence, AL 35630
      View Details
    • $1,300,000
      7,962 SF

      Updated Office Space in Florence

      Updated office building in downtown Florence, ready for immediate occupancy.
      109 N Court St, Florence, AL 35630
      View Details
    • $50,000
      960 SF

      Commercial Property in High-Traffic Area

      B2-zoned commercial property with high potential in Florence, Alabama.
      115 Indiana Ave, Florence, AL 35630
      View Details
    • New
      $245,000
      2,169 SF

      Turnkey Duplex Near UNA Campus

      Income-producing, renovated duplex near UNA. Great investment opportunity.
      528 N Royal Ave, Florence, AL 35630
      View Details
    • $179,900
      1,485 SF

      Charming Farmhouse on Spacious Lot

      Two-bedroom farmhouse with original hardwood floors on large lot.
      235 County Road 7, Florence, AL 35630
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property suitable for medical or business offices.
    Where is this commercial land located?
    The property is located at 925 Rickwood Rd Florence, AL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Prime location in Florence, Alabama.; - Zoned B1, suitable for various business types.; - Ideal for medical or business offices.
    (256) 810-2275
    Request Owner's contact information
    925 Rickwood Rd Florence, AL 35630
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    925 Rickwood Rd
    Florence, AL 35630
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    925 Rickwood Rd Florence, AL 35630
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Beverly R Hardeman
    Real Estate License ID: 000083037
    (256) 810-2275 (256) 757-1918
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!