Office Unit With Showroom
For Sale
$449,900
500 Kelsey Ave, Muscle Shoals, AL 35661
Commercial Sale, Muscle Shoals, AL
Property Size3,660 SF
Lot Size0.33 Acres
Price / SF$122.92
Days on Market175
Property Features for 500 Kelsey Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
00 Commercial
Bathrooms
3
Half bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Elementary school
City
Middle school
City
High school
City
Directions
From Woodward Ave, turn onto Kelsey Ave, which is the road beside Swamp John's Restaurant. Go towards the end of the street, and the building will be on your left.
Subdivision
Colbert
Standard status
Active
APN
0707352004001003
Size
3,660 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOTS 329 THRU 331 HIGHLAND PARK #1 120 X 120 /DB 2004-13 PG 468
Tax Annual Amount
2167
Legal Description
LOTS 329 THRU 331 HIGHLAND PARK #1 120 X 120 /DB 2004-13 PG 468
Utilities
Sewer type
Public Sewer
Amenities
3 restrooms
kitchen area
Building Details
Year built
2000
Listing Agency:
EXIT River City Realty · EXIT Realty
(256) 284-7781
Listed By:
Jackie C Wallace · License #0000736650
(256) 710-2070
Added: Apr 23
Changed: Oct 8
Last Checked: Oct 14 at 7:06AM
MLS# 528472
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.
Constructed in 2000 on a concrete slab, this 3,660-square-foot commercial building combines office-oriented space with showroom areas. The interior includes three restrooms and a kitchen area, providing a practical configuration for a range of business operations. The property occupies 0.33 acres and is served by public sewer.
Located at 500 Kelsey Ave in Muscle Shoals, Alabama, the property carries 00 Commercial zoning. Its existing office and showroom layout offers a defined commercial setting for an owner-user or business operation.
Located at 500 Kelsey Ave in Muscle Shoals, Alabama, the property carries 00 Commercial zoning. Its existing office and showroom layout offers a defined commercial setting for an owner-user or business operation.
Key Highlights
- 3,660‑square‑foot commercial building
- 0.33‑acre property at 500 Kelsey Ave
- 00 Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,061
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,220
$601.2K
Cap Rate 7%
$429,443
$429.4K
Cap Rate 9%
$334,011
$334.0K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$51.4K $14.04/SF
− Vacancy
−$11.3K −$3.09/SF
EGI
$40.1K $10.95/SF
− OpEx
−$10.0K −$2.74/SF
NOI
$30.1K $8.21/SF
Area
Colbert County, AL
Vacancy
22.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,220
Cap Rate 7%
$429,443
Cap Rate 9%
$334,011
Alternative Uses
Best Use
Office B
$429.4K
$375.8K – $501.0K
NOI $30,061 @ 7.0% cap · market cap 6.68%
Second Best
Retail
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$584.5K
$511.4K – $681.9K
NOI $40,912 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial zoning supports a flexible layout with work areas, restrooms, and a kitchen.
Where is this office units located?
The property is located at 500 Kelsey Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 3,660‑square‑foot commercial building; 0.33‑acre property at 500 Kelsey Ave; 00 Commercial zoning
