Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1115 Main St Tuscumbia, AL 35674

    • Warehouses
    • 5,847 SF
    For Sale
    View listing
    $149,000
    Last Sale
    Jul 15, 2024
    $45,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3027810
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1115 Main St

    Year built
    1963
    Construction
    WOOD
    Property size
    5,847 SF
    Property type
    Warehouses
    APN
    13-02-04-2-006-001.000
    APU
    1302042006001000

    Description

    This exceptional commercial property, located at 1115 Main Street in the vibrant city of Tuscumbia, Alabama, presents a compelling investment opportunity. Boasting a substantial 5,828 square feet of space (buyer to verify), this general commercial building sits on a conveniently sized 0.28-acre lot. The property features a recently installed HVAC system, ensuring efficient climate control. While the building requires a new roof, this presents a significant opportunity for value enhancement and customization to suit a wide range of commercial uses. The asking price of $149,000 reflects the need for roof replacement, making this a highly attractive proposition for savvy investors seeking a potentially lucrative return. The strategic Main Street location offers excellent visibility and accessibility, making it ideal for a variety of businesses. This property is ready for a new owner to bring their vision to life and capitalize on its considerable potential. The buyer is responsible for verifying the stated square footage. This is a chance to acquire a well-situated commercial building at a price point that reflects the necessary improvements, offering a significant upside for the right buyer. Don't miss this chance to own a piece of Tuscumbia's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tuscumbia
    County
    Colbert
    State
    Alabama
    Longitude
    -87.703348
    Latitude
    34.744879
    CBSA code
    22520
    CBSA name
    FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,058
    $0.00
    $0.00
    $21,100
    -
    $15,100
    $90,400
    $105,500

    Comparable in this City

    • Value Estimation by Request
      2,350 SF

      1313 6th St

      WAREHOUSE, STORAGE • 2,350 SF
      1313 6th St, Tuscumbia, AL 35674-2931
      View Details
    • Value Estimation by Request
      4,800 SF

      470 Baker Ln

      WAREHOUSE, STORAGE • 4,800 SF
      470 Baker Ln, Tuscumbia, AL 35674
      View Details
    • Value Estimation by Request
      11,984 SF

      2910 Denton Rd

      WAREHOUSE, STORAGE • 11,984 SF
      2910 Denton Rd, Tuscumbia, AL 35674-9333
      View Details
    • Value Estimation by Request
      2,400 SF

      607 Eastman Ave

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      607 Eastman Ave, Tuscumbia, AL 35674
      View Details
    • Value Estimation by Request
      1,200 SF

      13309 Hwy 247

      WAREHOUSE, STORAGE • 1,200 SF
      13309 Hwy 247, Tuscumbia, AL 35674
      View Details
    • Value Estimation by Request
      5,841 SF

      110 Hook St

      WAREHOUSE, STORAGE • 5,841 SF
      110 Hook St, Tuscumbia, AL 35674-1830
      View Details

    Similar Nearby for Sale

    • $225,000
      8,679 SF

      Tuscumbia Commercial Property For Sale

      Versatile commercial property with warehouse and office space in Tuscumbia.
      300 W 5Th St, Tuscumbia, AL 35674
      View Details
    • $87,500
      0.17 Acres

      Residential Land in Tuscumbia, AL

      Vacant lot suitable for building a dream home.
      326 Fame Ave, Tuscumbia, AL 35674
      View Details
    • $49,900
      5.52 Acres

      Land For Sale in Tuscumbia

      5.52 acre commercial land available in Tuscumbia, Alabama.
      Tract B Old Memphis Pike, Tuscumbia, AL 35674
      View Details
    • $399,000
      1.00 Acre

      Commercial Land on Highway 20

      Commercial land with frontage on Highway 20 in Tuscumbia, AL.
      Gargis Ln, Tuscumbia, AL 35674
      View Details
    • $225,000
      37.00 Acres

      37 Acres Near Highway 247

      37 acres of land with utilities near Highway 247.
      Posey Lp, Tuscumbia, AL 35674
      View Details
    • $89,000
      0.20 Acres

      Residential Land in Tuscumbia, AL

      Vacant lot in new Muscle Shoals subdivision for custom home.
      105 Studio Dr, 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.
    1115 Main St
    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!