Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1412 Wood Ave Florence, AL 35630-2102

    • Drive through restaurants
    • 2,470 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $1,930,000
    Last Sale
    May 21, 2021
    $2,081,000
    Location Intelligence
    Property ID
    US03-3160789
    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

    • Taco Bell / Takeout Restaurant / Mexican Restaurant

    Property Details for 1412 Wood Ave

    Year built
    1998
    Lot size
    0.73 lot acres
    Property size
    2,470 SF
    Zone code
    2
    Property type
    Drive through restaurants
    APN
    24-02-03-4-002-027-000
    APU
    2402034002027000

    Description

    This exceptional investment opportunity presents a 2,724 square foot Taco Bell franchise located at 1412 N Wood Ave, Florence, Alabama 35630. The property sits on a 0.57-acre lot (APN: 24-02-03-4-002-027.000) and boasts a strong historical occupancy rate. The absolute NNN lease with Tacala LLC, a leading Southeastern US Taco Bell franchisee, has over 20.5 years remaining, featuring 1% annual rent increases. The property underwent renovations in 2019, showcasing a modern design and drive-thru. The $1,919,234 asking price reflects a 5.75% cap rate and a current NOI of $110,356. Benefiting from a high-traffic location near a major intersection (over 13,010 vehicles per day) and approximately 0.8 miles from the University of North Alabama, this property offers exceptional long-term growth potential within a thriving market. The Shoals region's expanding industrial, educational, and healthcare sectors contribute to a stable and growing customer base. This is a truly passive income investment with no landlord responsibilities. Multiple access points off N Wood Ave and Indiana Ave ensure ease of access for customers.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,040,000
      6.5%
      $2,135,000
      7%
      $1,865,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,785,000
      Geo Method
      $2,235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,760,000
      Retail
      $1,710,000
      Mixed-Use
      $2,140,000
      Hospitality
      $2,125,000
      Educational
      $2,045,000
      Residential Income
      $2,160,000
      Energy
      $1,780,000
      Income-Based Land
      $2,235,000
      Food Service
      $1,670,000

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.681
    Latitude
    34.8206
    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
    2023
    $6,535
    $20,340
    $0.00
    $20,340
    -
    $101,700
    $565,060
    $666,760

    Comparable in this City

    • Value Estimation by Request
      3,112 SF

      241 Cox Crk Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,112 SF
      241 Cox Crk Pkwy, Florence, AL 35630-1535
      View Details
    • Value Estimation by Request
      4,739 SF

      212 Cox Crk Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,739 SF
      212 Cox Crk Pkwy, Florence, AL 35630-1570
      View Details
    • Value Estimation
      $370,000
      2,459 SF

      1201 Florence Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,459 SF
      1201 Florence Blvd, Florence, AL 35630-2724
      View Details
    • Value Estimation
      $1,505,000
      2,926 SF

      570 Ct St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,926 SF
      570 Ct St, Florence, AL 35630-5679
      View Details
    • Value Estimation by Request
      2,501 SF

      240 Cox Crk Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,501 SF
      240 Cox Crk Pkwy, Florence, AL 35630-1571
      View Details
    • Value Estimation by Request
      3,784 SF

      306 Cox Crk Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,784 SF
      306 Cox Crk Pkwy, Florence, AL 35630-1540
      View Details

    Similar Nearby for Sale

    • $389,000
      5,476 SF

      High-Visibility Commercial Property on Veterans Drive

      Versatile commercial building with warehouse space, offices, and loading dock.
      602 Veterans Dr, Florence, AL 35630
      View Details
    • $1,200,000
      17.31 Acres

      Florence Commercial Land with Warehouse

      17.31 acres with warehouse, paint shop, and car wash.
      3908 Highway 157, Florence, AL 35630
      View Details
    • $399,900
      0.38 Acres

      Versatile Commercial Building in Florence

      High-visibility commercial building with ample parking and updated facilities.
      121 S Chestnut St, Florence, AL 35630
      View Details
    • $69,990
      0.67 Acres

      Waterfront Lot in Florence, AL

      0.67 acre waterfront lot near Downtown Florence, Alabama.
      117 Creekside Dr, Florence, AL 35630
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Land in Florence, AL

      Residential land for sale in Lauderdale County, Florence, AL.
      Central Ave, Florence, AL 35630
      View Details
    • $395,000
      0.94 Acres

      Prime Florence Commercial Lot

      0.94-acre Pad-Ready Lot, $395,000
      0 Lindsey Way, Florence, AL 35630
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Florence Blvd Retail Space

      High-traffic retail space in Florence, AL.
      2893 Florence Blvd, Florence, AL 35630
      View Details
    • Contact for pricing

      Former Restaurant Building For Lease

      1.823 AC parcel with 5,809 SF former restaurant building.
      2615 Florence Blvd, Florence, AL 35630
      View Details
    • Contact for pricing
      25,764 SF

      Mixed-Use Development in Florence, AL

      Mixed-use development with retail, restaurant, multifamily, and single-family homes.
      205 South Marengo St, Florence, AL 35630
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Cox Creek

      Retail space available on the main retail corridor.
      352-356 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • Contact for pricing
      2,800 SF

      Downtown Florence Retail Space Available

      2,800 SF retail space in revitalizing downtown Florence.
      117 S Cherry St, Florence, AL 35630
      View Details
    • Contact for pricing

      Retail Space Near Cox Creek

      Retail space available in Florence, Alabama near major intersection.
      2851 Florence Blvd, Florence, AL 35630
      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.
    1412 Wood Ave
    Florence, AL 35630-2102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.