Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Muscle Shoals Commercial Corner Lot Title is generated by Realmo AI

    2403 Woodward Ave, Muscle Shoals, AL 35661

    View on Map
    Claim this Listing
    Pending
    $399,900

    COMMERCIAL - Muscle Shoals, AL

    Property size:
    2,700 SF
    Lot size:
    0.28 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    102
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 2403 Woodward Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    00 Commercial
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    8
    Parking features
    Alley
    Interior features
    Counters-Laminate, Inside Storage
    Standard status
    Pending
    APN
    1301022009011000
    Size
    2,700 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 4267 THRU 4272 HIGHLAND PARK #11 120 X 250

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Flat
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Beth Pirtle

    Listing agent Beth Pirtle License #0001015660

    Listing office RE/MAX Tri-State 1661 S Wilson Dam Rd, Florence, AL

    Listing date Feb 9, 2026

    MLS# 527005

    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

    • Prime corner lot location at the intersection of Woodward Avenue and Elmhurst Avenue.
    • High visibility and steady traffic flow next door to Krystal Hamburgers.
    • Flexible L‑shaped showroom with potential for additional showroom or front office space.
    • Large rear storage area with garage door and alley access for convenient loading/unloading.
    • Versatile layout suitable for retail, office, or service‑based businesses.
    • Central heating and cooling.

    Overview

    This commercial property is located on a corner lot at the intersection of Woodward Avenue and Elmhurst Avenue in Muscle Shoals, Alabama. The building features an L-shaped showroom with the potential for an additional showroom or front office space. There are also two additional rooms, a bonus room, and a half bath. A large rear storage area with a garage door provides convenient loading and unloading. An alley runs behind the property for easy access. The property is located next door to Krystal Hamburgers, offering visibility and traffic flow. The property is suitable for retail, office, or service-based businesses. The lot size is 0.28 acres and the property size is 2700 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $246.4K
    NOI $22,176 @ 9.00% cap · cautious / downside scenario
    Moderate
    $316.8K
    NOI $22,176 @ 7.00% cap · market / base-case scenario
    Aggressive
    $443.5K
    NOI $22,176 @ 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 Office B

    Component $ $/SF
    Gross rent $37.9k $14.04
    − Vacancy −$8.3k −$3.09
    EGI $29.6k $10.95
    − OpEx −$7.4k −$2.74
    NOI $22.2k $8.21
    2,700 SF · lease $14.04/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $316.8K
    $277.2K – $369.6K (±1% cap)
    NOI $22,176 @ 7.0% cap · market cap 5.55%
    Second Best
    Retail
    $240.7K
    $210.6K – $280.8K (±1% cap)
    NOI $16,848 @ 7.0% cap · market cap 4.21%
    Theoretical Best
    Office A
    $431.2K
    $377.3K – $503.0K (±1% cap)
    NOI $30,181 @ 7.0% cap · market cap 7.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Muscle Shoals
    County
    Colbert
    State
    Alabama
    Longitude
    -87.6673372
    Latitude
    34.7390474

    Nearby Similar for Sale

    • $649,900
      8,600 SF

      Muscle Shoals Commercial Opportunity

      8,600+/- sqft Mueller building on 6.65 acres.
      195 Spout Springs Rd, Muscle Shoals, AL 35661
      View Details
    • $369,900
      1,581 SF

      Muscle Shoals Commercial Corner Lot

      Prime commercial property with high visibility and traffic flow.
      2401 Rosedale Ave, Muscle Shoals, AL 35661
      View Details
    • $549,900
      2,200 SF

      Renovated Farmhouse on 22 Acres

      Renovated 3-bedroom farmhouse on 22 acres near Wilson Lake.
      6750 River Rd, Muscle Shoals, AL 35661
      View Details
    • $319,900
      400 SF

      Muscle Shoals Warehouse on Acre

      Warehouse space on an acre near Lowe's in Muscle Shoals.
      208 Industrial Dr, Muscle Shoals, AL 35661
      View Details
    • $399,900
      2,700 SF

      Muscle Shoals Commercial Corner Lot

      High-visibility commercial property suitable for retail, office, or service businesses.
      2403 Woodward Ave, Muscle Shoals, AL 35661
      View Details
    • $740,000
      2,124 SF

      Little Caesars NNN Investment Property

      NNN leased Little Caesars with drive-thru in Muscle Shoals, AL.
      1409 Woodward Ave, Muscle Shoals, AL 35661
      View Details
    • $329,900
      400 SF

      Spacious Warehouse on Acre Lot

      6,296 SF warehouse on an acre near Lowe's.
      208 Industrial Dr, Muscle Shoals, AL 35661
      View Details
    • $699,000
      4,500 SF

      Muscle Shoals Commercial Property For Sale

      Four-unit commercial property in Muscle Shoals, high-traffic location.
      500 Second St, Muscle Shoals, AL 35661
      View Details
    • $895,000

      Mobile Home Park For Sale

      47 trailer pads with utilities, currently generating rental income.
      2250 Ford Rd, Muscle Shoals, AL 35661
      View Details
    • $1,975,000
      3,500 SF

      Muscle Shoals Industrial Property

      5-acre industrial property with office, warehouse, and outdoor storage.
      2804 Avalon Ave, Muscle Shoals, AL, 35661-2708
      View Details
    • $399,900

      Commercial Property on High-Traffic Road

      Commercial property with high traffic road frontage.
      00 Wilson Dam Hwy, Muscle Shoals, AL 35661
      View Details
    • $1,200,000
      6,000 SF

      Traditional Office Building on Wilson

      Traditional office building with 27 rooms and ample parking.
      2306 Wilson Dam Rd, Muscle Shoals, AL 35661
      View Details

    FAQs

    What type of property is this?
    Showroom - High-visibility corner lot suitable for retail, office, or service businesses.
    Where is this showroom located?
    The property is located at 2403 Woodward Ave Muscle Shoals, AL.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Prime corner lot location at the intersection of Woodward Avenue and Elmhurst Avenue.; High visibility and steady traffic flow next door to Krystal Hamburgers.; Flexible L‑shaped showroom with potential for additional showroom or front office space.
    (256) 810-4786
    We can help!
    Listing Contact
    Beth Pirtle
    Real Estate License ID: 0001015660
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2403 Woodward Ave, Muscle Shoals, AL 35661
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!