Storefront Property with Covered
For Sale
$149,900
204 W 3rd St, Tuscumbia, AL 35674
RB-zoned space with reception, work, display, and sitting areas.
Property Size1,443 SF
Price / SF$103.88
Days on Market147
Property Features for 204 W 3rd St
General Information
Standard status
Active
Size
1,443 SF
Zoning
RB
Taxes and HOA fees
Annual Taxes
$993
Amenities
covered porch
reception area/foyer
work area with work stations
display area
sitting area
kitchenette/break room
Listing Agency:
Riverside Realty, Inc
(256) 335-3588
Listed By:
Debbie Eastep Morey · License #000067120
(256) 335-3588
Source:
Exprealty
Added: Apr 7
Changed: Aug 31
Last Checked: Aug 31 at 6:21PM
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 Riverside Realty, Inc
Investment Insights
Based on property information with market context.
Located at 204 W 3rd St in Tuscumbia, Alabama, this 1,443-square-foot storefront property is currently used as Bradley's on Third, a hair salon. The building includes a covered porch that leads to a reception area and foyer, along with workstations, display space, and a sitting area.
Additional rooms at the rear provide a kitchenette and break room. The property was previously used as a residence and is zoned RB, combining an established commercial layout with residential history.
Additional rooms at the rear provide a kitchenette and break room. The property was previously used as a residence and is zoned RB, combining an established commercial layout with residential history.
Key Highlights
- 1,443‑square‑foot storefront property at 204 W 3rd St, Tuscumbia, AL
- Currently occupied by Bradley's on Third, a hair salon
- Covered porch entry opens into the reception area and foyer
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
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,724 visits/mo
0.4 miles
Chevron
Shops & Services
2,355 visits/mo
0.3 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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Similar Off Market Nearby
- Duggar's Florist — 111 W 6th St, Tuscumbia, AL 35674
- Sheila's Flowers , Gifts and Home decor — 1005 N Main St, Tuscumbia, AL 35674
Frequently Asked Questions
What type of property is this?
Storefront property - RB-zoned space with reception, work, display, and sitting areas.
Where is this storefront property located?
The property is located at 204 W 3rd St 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‑square‑foot storefront property at 204 W 3rd St, Tuscumbia, AL; Currently occupied by Bradley's on Third, a hair salon; Covered porch entry opens into the reception area and foyer
