Retail Space with Covered
For Sale
$149,900
204 Third St W, Tuscumbia, AL 35674
Commercial Sale, Tuscumbia, AL
Property Size1,443 SF
Lot Size0.21 Acres
Price / SF$103.88
Days on Market139
Property Features for 204 Third St W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
00 Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
On Street
Patio and Porch features
Porch
Interior features
Inside Storage
Elementary school
City
Middle school
City
High school
City
Directions
Main St in Downtown Tuscumbia, Less than 1 block from Colbert County Courthouse.
Subdivision
Colbert
Standard status
Active
APN
13-03-05-4-001-045.001
Size
1,443 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
PT OF LOT 181 & PT OF 182 TUSCUMBIA
Tax Annual Amount
994
Legal Description
PT OF LOT 181 & PT OF 182 TUSCUMBIA
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1935
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Riverside Realty, Inc
(256) 381-8330
Listed By:
Debbie Eastep Morey · License #000067120
(256) 412-7555
Added: Apr 7
Changed: Aug 19
Last Checked: Aug 23 at 7:06PM
MLS# 528071
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 1,443-square-foot retail property occupies a 0.21-acre lot and currently operates as Bradley's on Third, a hair salon. The building dates to 1935 and includes a covered porch, reception and foyer area, workstation area, display space, seating area, additional rear rooms, and a kitchenette or break room. Inside storage, laminate flooring, vinyl siding, a shingle roof, central heating, and central air are also part of the improvements.
The property is located at 204 Third St W in Tuscumbia, Alabama. On-street parking serves the site, with public sewer in place. The existing interior arrangement provides a defined customer-facing area along with supporting rooms and utility space.
The property is located at 204 Third St W in Tuscumbia, Alabama. On-street parking serves the site, with public sewer in place. The existing interior arrangement provides a defined customer-facing area along with supporting rooms and utility space.
Key Highlights
- 1,443 SF retail property on a 0.21‑acre lot
- Currently operating as Bradley's on Third hair salon
- Covered porch opens to reception and foyer area
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
$9,004
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
6.01%
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%
$180,080
$180.1K
Cap Rate 7%
$128,629
$128.6K
Cap Rate 9%
$100,044
$100.0K
Market Conditions
NOI Build-Up for 1,443 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 $9.96/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$12.9K $8.91/SF
− OpEx
−$3.9K −$2.67/SF
NOI
$9.0K $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%
$180,080
Cap Rate 7%
$128,629
Cap Rate 9%
$100,044
Alternative Uses
Best Use
Retail
$128.6K
$112.6K – $150.1K
NOI $9,004 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.4K
$201.6K – $268.8K
NOI $16,130 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,724 visits/mo
0.3 miles
Chevron
Shops & Services
2,355 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?
Retail space - Existing salon layout includes reception, workstations, display space, seating, and a rear kitchenette area.
Where is this retail space located?
The property is located at 204 Third St W Tuscumbia, 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: 1,443 SF retail property on a 0.21‑acre lot; Currently operating as Bradley's on Third hair salon; Covered porch opens to reception and foyer area
