Freestanding Storefront
For Sale
$199,000
1311 Woodmont Dr, Tuscumbia, AL 35674
Single-story commercial building with dedicated parking and established retail surroundings.
Property Size2,094 SF
Lot Size0.47 Acres
Price / SF$95.03
Days on Market151
Property Features for 1311 Woodmont Dr
General Information
Standard status
Active
Size
2,094 SF
Total Parking Spaces
12
Lot size
0.47 Acres
Property subtype
Single-Tenant Vacant-User
Lease Type
NNN
Amenities
Redevelopment Site
Approximately 1.5 Miles from the Intersection of US Hwy 72 & US Hwy 43 which Sees a Combined Average of 50,900+ VPD
Near the Intersection of Woodmont Drive & US Hwy 72 which Sees a Combined Average of Over 30,170 VPD
Within 1-Mile Radius of Major National Tenants including O'Reilly Auto Parts, AutoZone, Burger King, Dollar General, Dollar Tree, Chevron, Shell, and More
Approximately 2 Miles from Big-Box Retailers, including Walmart Supercenter, Publix and Lowe's
Less than 5 Miles from the Northwest Alabama Regional Airport
Building Details
Building Size
2,094 SF
Year Built
1990
Buildings
1
Stories
1
Listing Agency:
Marcus & Millichap - Birmingham
(205) 510-9200
Listed By:
Eddie Greenhalgh · License #License(s) AL: 0000882980
(205) 510-9200
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 8:22PM
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 Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
This freestanding storefront property includes a 2,094-square-foot, single-story building constructed in 1990 on a 0.47-acre parcel. The site provides 12 parking spaces and was formerly occupied by a State Farm franchise. Its layout and standalone configuration support continued commercial use, subject to applicable requirements.
The property is located at 1311 Woodmont Drive in Tuscumbia, Alabama, near the intersection of Woodmont Drive and US Hwy 72. That intersection records combined traffic of more than 30,170 VPD, while the US Hwy 72 and US Hwy 43 intersection approximately 1.5 miles away records more than 50,900 VPD. National retailers and service businesses within a 1-mile radius include O’Reilly Auto Parts, AutoZone, Burger King, Dollar General, Dollar Tree, Chevron, and Shell. Walmart Supercenter, Publix, and Lowe’s are approximately 2 miles away, and Northwest Alabama Regional Airport is less than 5 miles from the property.
The property is located at 1311 Woodmont Drive in Tuscumbia, Alabama, near the intersection of Woodmont Drive and US Hwy 72. That intersection records combined traffic of more than 30,170 VPD, while the US Hwy 72 and US Hwy 43 intersection approximately 1.5 miles away records more than 50,900 VPD. National retailers and service businesses within a 1-mile radius include O’Reilly Auto Parts, AutoZone, Burger King, Dollar General, Dollar Tree, Chevron, and Shell. Walmart Supercenter, Publix, and Lowe’s are approximately 2 miles away, and Northwest Alabama Regional Airport is less than 5 miles from the property.
Key Highlights
- 2,094 SF freestanding storefront building on a 0.47‑acre lot
- Built in 1990 with 12 on‑site parking spaces
- Former State Farm franchise at 1311 Woodmont Dr, Tuscumbia, AL 35674
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,320
$261.3K
Cap Rate 7%
$186,657
$186.7K
Cap Rate 9%
$145,178
$145.2K
Market Conditions
NOI Build-Up for 2,094 SF
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.
Gross rent
$20.9K $9.96/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$18.7K $8.91/SF
− OpEx
−$5.6K −$2.67/SF
NOI
$13.1K $6.24/SF
Area
Colbert County, AL
Vacancy
10.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,320
Cap Rate 7%
$186,657
Cap Rate 9%
$145,178
Alternative Uses
Best Use
Retail
$186.7K
$163.3K – $217.8K
NOI $13,066 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.4K
$292.6K – $390.1K
NOI $23,407 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
7,558 visits/mo
0.0 miles
O'Reilly Auto Parts
Shops & Services
1,955 visits/mo
0.1 miles
Demographics for 35674, AL
19,536
Population
8,945
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
174.1 sq mi
ZIP Area
112
Density / Sq Mi
$56,960
Median Household Income
$39,288
Median Earnings
$768
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story commercial building with dedicated parking and established retail surroundings.
Where is this storefront property located?
The property is located at 1311 Woodmont Dr Tuscumbia, AL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,094 SF freestanding storefront building on a 0.47‑acre lot; Built in 1990 with 12 on‑site parking spaces; Former State Farm franchise at 1311 Woodmont Dr, Tuscumbia, AL 35674
