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    520 Kelsey Ave Muscle Shoals, AL 35661

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    For Lease
    Contact for pricing

    Muscle Shoals Office Space Available

    Lot size:
    3,750 SF

    Property Features for 520 Kelsey Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,750 SF

    Spaces For Lease

    at 520 Kelsey Ave, Muscle Shoals, AL 35661 Contact us
    Unit Suite E

    $10 /Mo

    Size
    1,250 SF
    Contact us
    Unit A&B

    $10 /Mo

    Size
    2,500 SF
    Contact us

    We can help!

    Listing Contact
    Justin Bishop
    Justin Bishop

    Listing Agency: Pounders & Associates, Inc. Listing Agent: Justin Bishop

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Kelsey Place, located at 520 Kelsey Ave in Muscle Shoals, Alabama (zip code 35661), offers exceptional office space opportunities. This property features a convenient location off Woodward Avenue, making it easily accessible. The building offers flexible space options suitable for a variety of businesses. Two spaces are currently available, with a minimum divisible square footage of 1,250 square feet and a maximum contiguous square footage of 2,500 square feet. The property type is classified as both retail and office, and the subtypes include traditional office and creative office spaces, making it adaptable to diverse business needs. The tenancy is multiple, suggesting a potential for shared spaces or individual units within the building. The building's latitude and longitude coordinates are 34.75765831433807 and -87.66835233678948 respectively. This prime location in Muscle Shoals presents a unique chance to establish or expand a business in a thriving community. The property is well-suited for businesses seeking a blend of traditional and creative office environments, or those with retail components. Interested parties should inquire about the specifics of available space and lease terms. The building's versatility makes it an attractive option for a range of businesses seeking a convenient and adaptable workspace in Muscle Shoals, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Monogram Shop, LLC (Bike/Boat/Book/etc) Store Profound Outdoors (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Muscle Shoals
    County
    Colbert
    State
    Alabama
    Longitude
    -87.668352336789
    Latitude
    34.757658314338

    Nearby Similar for Lease

    • Contact for pricing

      Former Restaurant on Woodward Avenue

      5,798 SF former restaurant on 1.046 AC for rent.
      2227 Woodward Ave, Muscle Shoals, AL 35661
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space Near Walmart

      Retail space available with high visibility and signalized access.
      233 Avalon Ave, Muscle Shoals, AL 35661
      View Details

    FAQs

    What type of property is this?
    Office space - Muscle Shoals Office Space Available
    Where is this office space located?
    The property is located at 520 Kelsey Ave Muscle Shoals, AL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    (256) 766-0998 Call to check price and availability
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    520 Kelsey Ave Muscle Shoals, AL 35661
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    Muscle Shoals, AL 35661
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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.

    More about this property
    520 Kelsey Ave Muscle Shoals, AL 35661
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Bishop
    Justin Bishop
    Real Estate License ID: 000086299
    (256) 766-0998
    Learn more
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