Storefront Property with
For Sale
$299,900
2211 Woodward Ave, Muscle Shoals, AL 35661
The property includes one full bath, one half-bath, and a kitchenette.
Property Size2,400 SF
Price / SF$124.96
Days on Market239
Property Features for 2211 Woodward Ave
General Information
Standard status
Active
Size
2,400 SF
Taxes and HOA fees
Annual Taxes
$1,548
Amenities
full bath
half-bath
kitchenette
Listing Agency:
5:41 Realty
(256) 335-6518
Listed By:
Stacy Hughes · License #000116841
Source:
Exprealty
Added: Jan 4
Changed: Aug 30
Last Checked: Aug 30 at 1:56PM
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 5:41 Realty
Investment Insights
Based on property information with market context.
Located at 2211 Woodward Ave in Muscle Shoals, this 2,400-square-foot storefront property offers a practical commercial layout with a kitchenette, one full bathroom, and one half-bath. The space could be rented to two separate businesses, providing flexibility for an owner seeking multiple occupants or operating configurations.
The property sits in a high-traffic area on Muscle Shoals’ main commercial hub. Buyers should independently verify square footage and all other property information before proceeding.
The property sits in a high-traffic area on Muscle Shoals’ main commercial hub. Buyers should independently verify square footage and all other property information before proceeding.
Key Highlights
- 2,400‑square‑foot storefront property
- Located at 2211 Woodward Ave in Muscle Shoals
- Potential to accommodate two separate businesses
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
$14,976
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
4.99%
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%
$299,520
$299.5K
Cap Rate 7%
$213,943
$213.9K
Cap Rate 9%
$166,400
$166.4K
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
$23.9K $9.96/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$21.4K $8.91/SF
− OpEx
−$6.4K −$2.67/SF
NOI
$15.0K $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%
$299,520
Cap Rate 7%
$213,943
Cap Rate 9%
$166,400
Alternative Uses
Best Use
Retail
$213.9K
$187.2K – $249.6K
NOI $14,976 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.3K
$335.4K – $447.1K
NOI $26,828 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
253k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 22%
Apparel 10%
Groceries 6%
Chick-fil-A
Dining
39,828 visits/mo
0.4 miles
McDonald's
Dining
23,467 visits/mo
0.5 miles
Murphy USA
Shops & Services
21,776 visits/mo
0.5 miles
Bealls
Apparel
21,300 visits/mo
0.5 miles
Aldi
Groceries
16,115 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Loving Allegiance — 801 Avalon Ave # 200, Muscle Shoals, AL 35661
- Sunflower Florist & Gardens Lawn Care — 1201 Woodward Ave, Muscle Shoals, AL 35661
Frequently Asked Questions
What type of property is this?
Storefront property - The property includes one full bath, one half-bath, and a kitchenette.
Where is this storefront property located?
The property is located at 2211 Woodward Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,400‑square‑foot storefront property; Located at 2211 Woodward Ave in Muscle Shoals; Potential to accommodate two separate businesses
