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    4150 Florence Blvd Florence, AL 35634

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    4150 Florence Blvd Florence, AL 35634

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    • Lifestyle centers
    • 94,914 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store
    • higi / Physician
    • Russell Guyton / Pharmacy

    Property Details for 4150 Florence Blvd

    Property size
    94,914 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional portfolio comprises five strategically located multi-tenant retail properties totaling 94,914 square feet across five parcels in the Florence-Muscle Shoals MSA of Alabama. The properties boast a current NOI of $602,931 and a pro-forma NOI of $722,316, representing a current cap rate of 6.09% and a pro-forma cap rate of 7.30%. The asking price for this portfolio is $9,895,000, translating to a price per square foot of $104.25. The portfolio includes properties in Florence (two locations), Russellville, Rogersville, and Sheffield, Alabama, all situated along major retail corridors. The portfolio benefits from a diverse tenancy, with approximately 80% occupancy and opportunities for lease-up in newly constructed centers. This presents a compelling investment opportunity with significant upside potential due to the strong tenant base, favorable lease terms, and the continued growth of the Florence-Muscle Shoals MSA, which has experienced steady population growth since 2010. The properties offer excellent exposure to national, regional, and local tenants, providing a diversified income stream and long-term stability. The proximity of all properties within a 25-mile radius of Muscle Shoals allows for economies of scale in management and operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.5811
    Latitude
    34.8453

    Comparable in this City

    • Value Estimation by Request
      9,086 SF

      5481 Hwy 17

      RETAIL STORES (PERSONAL SERVICES) • 9,086 SF
      5481 Hwy 17, Florence, AL 35634-9008
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    • Value Estimation by Request
      7,465 SF

      24190 County Rd 8th 8

      RETAIL STORES (PERSONAL SERVICES) • 7,465 SF
      24190 County Rd 8th 8, Florence, AL 35634-5345
      View Details
    • Value Estimation by Request
      2,362 SF

      7939 Hwy 43

      RESTAURANT • 2,362 SF
      7939 Hwy 43, Florence, AL 35634-4614
      View Details
    • Value Estimation by Request
      6,000 SF

      8083 Hwy 43

      RESTAURANT • 6,000 SF
      8083 Hwy 43, Florence, AL 35634-4615
      View Details
    • Value Estimation by Request
      7,137 SF

      30 County Rd 30

      CONVENIENCE STORE • 7,137 SF
      30 County Rd 30, Florence, AL 35634-6212
      View Details
    • Value Estimation by Request
      3,569 SF

      4222 Florence Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,569 SF
      4222 Florence Blvd, Florence, AL 35634-2638
      View Details

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    Florence, AL 35634
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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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