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    Property profile & analytics

    1204 Wm F Gardiner Ave Tuscumbia, AL 35674

    • Self storage facilities
    • 5.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 1204 Wm F Gardiner Ave

    Year built
    2018
    Lot size
    5.21 lot acres
    Property type
    Self storage facilities

    Description

    This exceptional self-storage portfolio in Tuscumbia, Alabama, presents a compelling investment opportunity. Comprising two facilities totaling 61,600 net rentable square feet and 420 units, this property offers significant upside potential. Built between 2018 and 2022, the portfolio includes 20 buildings across 5.21 acres. Currently generating a NOI of $171,475, with a pro-forma NOI of $350,376, and an asking price of $4,000,000, this represents a 4.29% cap rate and a pro-forma cap rate of 8.76%. The portfolio features quality amenities such as asphalt drive aisles, automatic gates, perimeter fencing, and security cameras. Two commercial spaces, totaling 4,200 square feet, are fully leased, contributing over $50,000 in annual revenue. One facility at 1204 Wm F Gardiner Ave has 20,200 net rentable square feet and is 74% occupied, while the other at 165 Mitch Ave boasts 37,200 net rentable square feet and 24 outdoor parking spaces, with 47% occupancy. Revenue growth opportunities exist through lease-up, stabilization, rent increases, and potential expansion by replacing outdoor parking with additional storage buildings. Located in the rapidly growing Florence-Muscle Shoals MSA, this portfolio offers a strong return on investment in a desirable market. The properties are situated in Colbert County, Alabama, with convenient access to major transportation routes.

    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
    -87.6884
    Latitude
    34.7178

    Comparable in this City

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      607 Eastman Ave

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    • Value Estimation by Request
      2,500 SF

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      MINI-WAREHOUSE, STORAGE • 2,500 SF
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    • Value Estimation by Request
      2,944 SF

      2672 George Wallace Hwy

      MINI-WAREHOUSE, STORAGE • 2,944 SF
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    • Value Estimation by Request
      6,000 SF

      19810 Hwy 72

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      19810 Hwy 72, Tuscumbia, AL 35674-6966
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    • Value Estimation by Request
      3,200 SF

      Mitch Ave

      MINI-WAREHOUSE, STORAGE • 3,200 SF
      Mitch Ave, Tuscumbia, AL 35674
      View Details
    • Value Estimation by Request
      7,800 SF

      F Gardiner Ave

      MINI-WAREHOUSE, STORAGE • 7,800 SF
      F Gardiner Ave, Tuscumbia, AL 35674
      View Details

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    Tuscumbia, AL 35674
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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
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