Bank Office Building with
For Sale
$189,000
5145 River Rd, Muscle Shoals, AL 35661
Former bank building with private office, customer lobby counter space, and dedicated parking lot.
Property Size1,278 SF
Price / SF$147.89
Days on Market54
Property Features for 5145 River Rd
General Information
Standard status
Active
Size
1,278 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,145
Listing Agency:
Regina Coates Real Estate, Inc
(256) 335-7438
Listed By:
Regina Clark
(256) 335-7438
Source:
Exprealty
Added: Jul 7
Changed: Aug 22
Last Checked: Aug 28 at 12:26PM
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 Regina Coates Real Estate, Inc
Investment Insights
Based on property information with market context.
This property includes a building with an open lobby featuring counter space, along with a private office. The interior also includes a kitchen/break room and two bathrooms, supporting a day-to-day office workflow.
The lot provides access to River Road and Southern Blvd, and the property is located in Ford City across from the Foodland shopping center.
The seller notes the property has been used as a bank, and zoning verification has been completed for that use.
The lot provides access to River Road and Southern Blvd, and the property is located in Ford City across from the Foodland shopping center.
The seller notes the property has been used as a bank, and zoning verification has been completed for that use.
Key Highlights
- Former bank building with private office, customer lobby counter space, kitchen/break room, and 2 bath rooms
- Dedicated parking lot with an open lobby and counter space
- Property lot has access to River Road and Southern Blvd
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
$9,190
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
4.86%
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%
$183,800
$183.8K
Cap Rate 7%
$131,286
$131.3K
Cap Rate 9%
$102,111
$102.1K
Market Conditions
NOI Build-Up for 1,278 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
$13.0K $10.20/SF
− Vacancy
−$782 −$0.61/SF
EGI
$12.3K $9.59/SF
− OpEx
−$3.1K −$2.40/SF
NOI
$9.2K $7.19/SF
Area
Colbert County, AL
Vacancy
6.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
25.00%
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%
$183,800
Cap Rate 7%
$131,286
Cap Rate 9%
$102,111
Alternative Uses
Best Use
Specialty Retail
$131.3K
$114.9K – $153.2K
NOI $9,190 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$113.9K
$99.7K – $132.9K
NOI $7,975 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 26%
Shell
Shops & Services
5,840 visits/mo
0.0 miles
Ford City Ace Hardware
Home Improvements & Furnishings
3,232 visits/mo
0.1 miles
Dollar General
Shops & Services
3,146 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Bank - Former bank building with private office, customer lobby counter space, and dedicated parking lot.
Where is this bank located?
The property is located at 5145 River Rd Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Former bank building with private office, customer lobby counter space, kitchen/break room, and 2 bath rooms; Dedicated parking lot with an open lobby and counter space; Property lot has access to River Road and Southern Blvd
