Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    507 2 Homes Cmns Tuscumbia, AL 35674

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    507 2 Homes Cmns Tuscumbia, AL 35674

    View on Map
    • Commercial real estate
    • 1,000 SF
    • 0.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 507 2 Homes Cmns

    Year built
    1940
    Lot size
    0.17 lot acres
    Property size
    1,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a package of two homes situated on a 0.17-acre lot in the desirable Tuscumbia, Alabama area. The property is conveniently located at 507 Commons NE, Tuscumbia, and includes an additional address at 2814 14th Ave in Sheffield. The combined square footage of both homes totals 1,000 square feet, offering significant potential for rental income or owner-occupied living. This property is ideal for investors seeking a multi-unit property with established locations. The combined properties offer a unique opportunity to generate income or create a comfortable living space. Buyers are responsible for verifying all information provided. This is a turnkey opportunity for a savvy investor looking to expand their portfolio or enter the market. The property's location offers easy access to local amenities and transportation routes. The combined properties present a solid foundation for a successful investment strategy. The 0.17-acre lot provides ample space for future development or expansion, depending on local zoning regulations. This is a rare opportunity to acquire a multi-unit property in a thriving market. Act quickly to secure this promising investment. All information should be independently verified by the buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tuscumbia
    County
    Colbert
    State
    Alabama
    Longitude
    -87.6888
    Latitude
    34.7369

    Comparable in this City

    • Value Estimation by Request
      5,200 SF

      958 Woodmont Dr

      Commercial real estate • 5,200 SF
      958 Woodmont Dr, Tuscumbia, AL 35674
      View Details
    • Value Estimation by Request
      900 SF

      Water St

      Commercial real estate • 900 SF
      Water St, Tuscumbia, AL 35674
      View Details
    • Value Estimation by Request
      4,420 SF

      207 5th St

      COMMERCIAL (GENERAL) • 4,420 SF
      207 5th St, Tuscumbia, AL 35674-2401
      View Details
    • Value Estimation by Request
      5,354 SF

      6350 Colburn Mtn Rd

      COMMERCIAL (GENERAL) • 5,354 SF
      6350 Colburn Mtn Rd, Tuscumbia, AL 35674-5552
      View Details
    • Value Estimation by Request
      2,524 SF

      300 Cmns Commons

      COMMERCIAL (GENERAL) • 2,524 SF
      300 Cmns Commons, Tuscumbia, AL 35674
      View Details
    • Value Estimation by Request
      2,208 SF

      Lee Hwy

      COMMERCIAL (GENERAL) • 2,208 SF
      Lee Hwy, Tuscumbia, AL 35674
      View Details

    Similar Nearby for Sale

    • $149,000
      5,828 SF

      Main Street Commercial Building

      Tuscumbia Investment Opportunity: Priced to Sell!
      1115 Main St, Tuscumbia, AL 35674
      View Details
    • $219,900
      5,724 SF

      Tuscumbia Commercial Building - High Return Potential

      Income-producing property, excellent investment.
      106 Water St, Tuscumbia, AL 35674
      View Details
    • $87,500
      0.19 Acres

      Residential Land in Tuscumbia, AL

      Vacant lot available for building a dream home.
      320 Fame Ave, Tuscumbia, AL 35674
      View Details
    • $60,000
      0.50 Acres

      Commercial Land in Tuscumbia, AL

      Commercial property near Highway 20 with business venture potential.
      000 Gargis Ln, Tuscumbia, AL 35674
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    507 2 Homes Cmns
    Tuscumbia, AL 35674
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!