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    Turnkey Waterfront Short-Term Rental Business Title is generated by Realmo AI

    550 Main St, Waterloo, AL 35677

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    Claim this Listing
    For Sale
    $2,000,000

    Fully furnished cabins, website, management, and local contacts included.

    Type:Multifamily
    Property size:
    8,424 SF
    Price / SF:
    $237/SF
    Added:
    Nov 21, 2025
    Days on Market:
    190
    Last Refresh:
    May 8 at 8:34 pm

    Property Features for 550 Main St

    General Information

    Standard status
    Active
    Size
    8,424 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    Paul McDonald

    Listing agent Paul McDonald

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Paul McDonald

    HighLights

    • Turnkey short‑term rental business with established website, management, and local contacts.
    • Eight fully furnished 2BR/1.5BA units built in 2019 with modern amenities and lake views in some units.
    • High rental income potential, currently $150/night with potential to increase to $200-$225/night.
    • Prime location for hunting and fishing with boat ramp and dock access.
    • Includes essential appliances, furniture, linens, internet, and TV for immediate occupancy and rental readiness.
    • Popular vacation spot catering to professional fishing tournaments with summers booked three years in advance.

    Overview

    This turnkey short-term rental business, established in 2019, features eight fully furnished units, each with two bedrooms and one and a half bathrooms. The units include fully functioning kitchens, dining rooms, and family rooms, with lake views available in some. Furnishings include furniture, washers, dryers, fireplaces, updated fixtures, and appliances such as coffee makers, blenders, toasters, dishwashers, dishes, utensils, linens, towels, internet access, and televisions. Each unit also has a covered porch. Outdoor amenities include a 38-foot pavilion with an outdoor grilling area featuring three grills, as well as a bench swing. The property is suited for hunting and fishing, with a boat ramp and dock. The units provide a rustic cabin-like feel with modern accents such as accent walls and backsplashes, and class A finishes. The business caters to professional fishing tournaments and has bookings three years in advance for the summer months. The property rents for $150 per night with a two-night minimum. The owner previously charged $200 per night before lowering the rates due to Covid.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterloo Lodge Hotel & Motel The Perfect Place To Stay Hotel & Motel

    Suggested Use

    Food Market Hotel & Motel Grocery & Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Lauderdale
    State
    Alabama
    Longitude
    -88.0628
    Latitude
    34.9143

    FAQs

    What type of property is this?
    Short term rental property - Fully furnished cabins, website, management, and local contacts included.
    Where is this short term rental property located?
    The property is located at 550 Main St Waterloo, AL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Turnkey short‑term rental business with established website, management, and local contacts.; Eight fully furnished 2BR/1.5BA units built in 2019 with modern amenities and lake views in some units.; High rental income potential, currently $150/night with potential to increase to $200-$225/night.
    (256) 609-2529
    We can help!
    Listing Contact
    Paul McDonald
    Request Owner's contact information
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    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.

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    550 Main St, WATERLOO, AL 35677
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