Flex Space with Paint
For Sale
$649,900
195 Spout Springs Rd, Muscle Shoals, AL 35661
Commercial Sale, Muscle Shoals, AL
Property Size8,600 SF
Lot Size6.65 Acres
Price / SF$75.57
Days on Market134
Property Features for 195 Spout Springs Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
R1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Garage, Driveway
Patio and Porch features
Porch
Elementary school
County
Middle school
County
High school
County
Directions
From River Rd, go 807 miles to Spout Springs Rd. Turn left. Building in on the left
Subdivision
Colbert
Standard status
Active
APN
09-05-16-0-002-008.001
Size
8,600 SF
Lot size
6.65 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6.65 acres in SW 1/4 of SE 1/4 DB 2022 PG 25392-25391
Tax Annual Amount
280
Legal Description
6.65 acres in SW 1/4 of SE 1/4 DB 2022 PG 25392-25391
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2026
Flooring type
Concrete
Building materials
Metal Siding, Steel Siding
Roof type
Metal
Listing Agency:
CRC Realty, Inc.
(256) 718-0111
Listed By:
Anne Olive · License #000059533
(256) 718-0111
Added: Apr 13
Changed: Aug 19
Last Checked: Aug 24 at 10:06PM
MLS# 528211
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.
Flex space featuring a Mueller building currently listed as under construction, with a metal exterior and metal roof. The property includes a spacious framed finished area measuring 80 x 24 that is heated and cooled with electricity, with plumbing in place but requiring finishing. Four zoned central heating and air are supported by an industrial sized fan, and the building offers epoxy floors throughout most of the property.
A dedicated 30 x 19 paint booth is included, along with porch space featuring a covered front porch measuring 75 x 20 and a back covered porch measuring 50 x 20. The property has extensive concrete work with driveway and additional parking, and it also includes a bathroom.
Set on a 6.65-acre site comprised of a 5-acre tract and a 1.65-acre parcel, the property has public water and a septic tank connection, with a brand new septic tank system noted. Year built is listed as 2026, and the property is zoned R1.
A dedicated 30 x 19 paint booth is included, along with porch space featuring a covered front porch measuring 75 x 20 and a back covered porch measuring 50 x 20. The property has extensive concrete work with driveway and additional parking, and it also includes a bathroom.
Set on a 6.65-acre site comprised of a 5-acre tract and a 1.65-acre parcel, the property has public water and a septic tank connection, with a brand new septic tank system noted. Year built is listed as 2026, and the property is zoned R1.
Key Highlights
- 6.65‑acre site with a 5‑acre tract plus a 1.65‑acre parcel
- 80 x 24 framed finished area heated and cooled with electricity; plumbing in place
- 30 x 19 paint booth on site
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
$46,285
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
7.12%
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%
$925,700
$925.7K
Cap Rate 7%
$661,214
$661.2K
Cap Rate 9%
$514,278
$514.3K
Market Conditions
NOI Build-Up for 8,600 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
$77.4K $9.00/SF
− Vacancy
−$6.2K −$0.72/SF
EGI
$71.2K $8.28/SF
− OpEx
−$24.9K −$2.90/SF
NOI
$46.3K $5.38/SF
Area
Colbert County, AL
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
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%
$925,700
Cap Rate 7%
$661,214
Cap Rate 9%
$514,278
Alternative Uses
Best Use
Flex RnD
$661.2K
$578.6K – $771.4K
NOI $46,285 @ 7.0% cap · market cap 7.12%
Second Best
Industrial
$489.2K
$428.0K – $570.7K
NOI $34,242 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,133 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space on 6.65 acres with an on-site paint booth, heated and cooled framed finished area, and new septic system.
Where is this flex space located?
The property is located at 195 Spout Springs Rd Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 6.65‑acre site with a 5‑acre tract plus a 1.65‑acre parcel; 80 x 24 framed finished area heated and cooled with electricity; plumbing in place; 30 x 19 paint booth on site
