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    Commercial Property in Tuscumbia, AL Title is generated by Realmo AI

    204 Third St W, Tuscumbia, AL 35674

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    For Sale
    $149,900

    COMMERCIAL - Tuscumbia, AL

    Property size:
    1,443 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $103/SF
    Added:
    Apr 7, 2026
    Days on Market:
    46
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 204 Third St W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    00 Commercial
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    Inside Storage
    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

    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

    We can help!

    Listing Contact
    Debbie Eastep Morey

    Listing agent Debbie Eastep Morey License #000067120

    Listing office Riverside Realty, Inc 2105 Woodward Avenue, Muscle Shoals, AL

    Listing date Apr 7, 2026

    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.

    HighLights

    • Zoned RB (Residential Business)
    • Currently a hair salon, previously a residence
    • Great curb appeal with a nice covered porch
    • Work area with workstations, display area, and sitting area
    • Kitchenette/break room included
    • Central heating and air conditioning

    Overview

    This commercial property, located in Tuscumbia, AL, is zoned RB. The property is currently occupied by Bradley's on Third, a hair salon, and was previously a residence. The building features a covered porch leading into a reception area or foyer. The layout includes a work area with workstations, a display area, and a sitting area. Additional rooms are located in the back, including a kitchenette or break room. The property has a lot size of 0.21 acres and a building size of 1,443 square feet.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $100.0K
    NOI $9,004 @ 9.00% cap · cautious / downside scenario
    Moderate
    $128.6K
    NOI $9,004 @ 7.00% cap · market / base-case scenario
    Aggressive
    $180.1K
    NOI $9,004 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $14.4k $9.96
    − Vacancy −$1.5k −$1.05
    EGI $12.9k $8.91
    − OpEx −$3.9k −$2.67
    NOI $9.0k $6.24
    1,443 SF · lease $9.96/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $128.6K
    $112.6K – $150.1K (±1% cap)
    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 (±1% cap)
    NOI $16,130 @ 7.0% cap · market cap 10.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bradley's On Third Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscumbia
    County
    Colbert
    State
    Alabama
    Longitude
    -87.701508
    Latitude
    34.7340623

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    FAQs

    What type of property is this?
    Retail space - Commercial property in Tuscumbia, Alabama, suitable for retail.
    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: Zoned RB (Residential Business); Currently a hair salon, previously a residence; Great curb appeal with a nice covered porch
    (256) 412-7555
    We can help!
    Listing Contact
    Debbie Eastep Morey
    Real Estate License ID: 000067120
    Learn More
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    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.

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