Vacant Duplex
New
For Sale
$99,000
8921 Frankfort Rd, Tuscumbia, AL 35674
MULTI_FAMILY - Other - Tuscumbia, AL
Property Size1,200 SF
Lot Size0.25 Acres
Price / SF$82.50
Days on Market6
Property Features for 8921 Frankfort Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
00 Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Off Street
Exterior features
None (ExteriorFeat)
Fireplace
1
Appliances
Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Lot features
Sloped Down
Elementary school
Colbert Heights
Middle school
Colbert Heights
High school
Colbert Heights
Directions
S on Frankfort Rd from overpass on Hwy 72, 4.3 miles on R.
Subdivision
Colbert
Standard status
Active
APN
14-07-35-0-000-010.006
Size
1,200 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
90 X 120 LOT PT OF NW 1/4 OF SE 1/4 OF SE 1/4 COMM AT SE COR SEC 35 N 904 W 684 TO
Tax Annual Amount
569
Legal Description
90 X 120 LOT PT OF NW 1/4 OF SE 1/4 OF SE 1/4 COMM AT SE COR SEC 35 N 904 W 684 TO
Utilities
Heating system
None (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Flooring type
Laminate
Building materials
Other (ConstrMat)
Roof type
Shingle
Architectural style
Other
Additional Structures
None
Listing Agency:
MarMac Real Estate - The Shoals
(256) 766-8499
Listed By:
Adam Wimberly · License #000109233
(256) 349-3638
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 19 at 2:06AM
MLS# 530655
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.
This duplex at 8921 Frankfort Rd in Tuscumbia contains 1,200 square feet on a 0.25-acre parcel. Both units are vacant, providing a two-unit configuration for a new owner to address directly. Interior features include laminate flooring, electric cooking appliances, refrigerators, electric water heaters, and fireplaces. Cooling is provided by window units, while parking is available off street.
Constructed in 1979, the property has a shingle roof and access to public water. It is designated 00 Residential zoning and includes two bedrooms and two bathrooms among the listed rooms. The asset is located in Tuscumbia, Alabama, in Colbert County.
Constructed in 1979, the property has a shingle roof and access to public water. It is designated 00 Residential zoning and includes two bedrooms and two bathrooms among the listed rooms. The asset is located in Tuscumbia, Alabama, in Colbert County.
Key Highlights
- Duplex containing 1,200 square feet
- Both units are currently vacant
- 0.25‑acre parcel in Tuscumbia
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
$7,069
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
7.14%
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%
$141,380
$141.4K
Cap Rate 7%
$100,986
$101.0K
Cap Rate 9%
$78,544
$78.5K
Market Conditions
NOI Build-Up for 1,200 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
$10.8K $9.00/SF
− Vacancy
−$702 −$0.59/SF
EGI
$10.1K $8.42/SF
− OpEx
−$3.0K −$2.52/SF
NOI
$7.1K $5.89/SF
Area
Colbert County, AL
Vacancy
6.50%
Lease Rate
$9.00 /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%
$141,380
Cap Rate 7%
$100,986
Cap Rate 9%
$78,544
Alternative Uses
Best Use
Multifamily LT 5
$101.0K
$88.4K – $117.8K
NOI $7,069 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$90.6K
$79.3K – $105.7K
NOI $6,342 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$191.6K
$167.7K – $223.6K
NOI $13,414 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 35674, AL
19,536
Population
8,945
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
174.1 sq mi
ZIP Area
112
Density / Sq Mi
$56,960
Median Household Income
$39,288
Median Earnings
$768
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The duplex is vacant and includes appliances, laminate flooring, window-unit cooling, and off-street parking.
Where is this duplex located?
The property is located at 8921 Frankfort Rd Tuscumbia, AL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Duplex containing 1,200 square feet; Both units are currently vacant; 0.25‑acre parcel in Tuscumbia
