Flex Building with Expansion
For Sale
$129,900
135 Lime Rock Rd, Tuscumbia, AL 35674
Commercial Sale, Tuscumbia, AL
Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$54.13
Days on Market99
Property Features for 135 Lime Rock Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
00 Commercial
Subdivision
County
Elementary school
County
Middle school
County
High school
County
Directions
From Tuscumbia, take Frankfort Rd south and veer left onto Underwood Mountain Rd. Building and 1 acre on the northeast Corner of Underwood Mountain Road and Lime Rock Road.
Standard status
Active
APN
21-06-23-0-000-010.005
Size
2,400 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF: 6+/- Acres in the SE1/4 of the SE1/4 less ROW in Sec 23T5S R12W
Tax Annual Amount
336
Legal Description
PART OF: 6+/- Acres in the SE1/4 of the SE1/4 less ROW in Sec 23T5S R12W
Utilities
Sewer type
Septic Needed
Building Details
Year built
2003
Number of units
1
Listing Agency:
Nxcel Realty
(256) 567-3645
Listed By:
The Josh Rumble Team
(256) 710-3450
Added: Jun 18
Changed: Sep 7
Last Checked: Sep 24 at 9:06PM
MLS# 529566
Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property includes a 2,400-square-foot commercial building constructed in 2003 on approximately 1 acre. The site offers a practical combination of enclosed space and exterior area, with room for parking, equipment storage, expansion, and outdoor operations. Power and public water are available, while septic service is needed. The zoning is 00 Commercial.
Located at 135 Lime Rock Rd in Tuscumbia, Alabama, the property provides a flexible setting for warehouse, contractor, light industrial, retail, service, or office-oriented use. The seller is willing to lease the property back for a period of time, and the offering includes an estimated 10% cap rate.
Located at 135 Lime Rock Rd in Tuscumbia, Alabama, the property provides a flexible setting for warehouse, contractor, light industrial, retail, service, or office-oriented use. The seller is willing to lease the property back for a period of time, and the offering includes an estimated 10% cap rate.
Key Highlights
- 2,400‑square‑foot commercial building on approximately 1 acre
- Built in 2003
- Power and public water available; septic needed
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
$11,604
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
8.93%
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%
$232,080
$232.1K
Cap Rate 7%
$165,771
$165.8K
Cap Rate 9%
$128,933
$128.9K
Market Conditions
NOI Build-Up for 2,400 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
$14.4K $6.00/SF
− Vacancy
−$749 −$0.31/SF
EGI
$13.7K $5.69/SF
− OpEx
−$2.0K −$0.85/SF
NOI
$11.6K $4.83/SF
Area
Colbert County, AL
Vacancy
5.20%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$232,080
Cap Rate 7%
$165,771
Cap Rate 9%
$128,933
Alternative Uses
Best Use
Flex RnD
$184.5K
$161.5K – $215.3K
NOI $12,917 @ 7.0% cap · market cap 9.94%
Second Best
Warehouse
$165.8K
$145.1K – $193.4K
NOI $11,604 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$383.3K
$335.4K – $447.1K
NOI $26,828 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with utility service and additional room for parking, equipment storage, and outdoor operations.
Where is this flex space located?
The property is located at 135 Lime Rock Rd Tuscumbia, AL.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 2,400‑square‑foot commercial building on approximately 1 acre; Built in 2003; Power and public water available; septic needed
