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

    1550 Florence Blvd Florence, AL 35630-2726

    • Investment properties
    • 4,418 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2020
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0211826
    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

    • El Paisano Authentic Mexican Food. / Mexican Restaurant
    • Fuerza Latina Insurance / Insurance Agency

    Property Details for 1550 Florence Blvd

    Year built
    1956
    Construction
    MIXED
    Lot size
    0.57 lot acres
    Property size
    4,418 SF
    Zone code
    2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    24-01-01-3-002-008-000
    APU
    2401013002008000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $614,000
      Market price range: $251k - $614k
      AI Estimate
      $685,000
      Market price range: $208k - $686k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $420,000
      Current use
      OFFICE BUILDING
      $645,000
      Change: +53% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6545
    Latitude
    34.8198
    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
    $3,848
    $28,000
    $0.00
    $28,000
    -
    $140,000
    $252,740
    $392,740

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      1207 Wood Ave

      STORE/OFFICE (MIXED USE) • 1,000 SF
      1207 Wood Ave, Florence, AL 35630-3013
      View Details
    • Value Estimation by Request
      2,256 SF

      2909 Huntsville Rd

      STORE/OFFICE (MIXED USE) • 2,256 SF
      2909 Huntsville Rd, Florence, AL 35630-4454
      View Details
    • Value Estimation by Request
      1,250 SF

      653 Mobile St

      STORE/OFFICE (MIXED USE) • 1,250 SF
      653 Mobile St, Florence, AL 35630-5362
      View Details
    • Value Estimation by Request
      2,650 SF

      418 Royal Ave

      STORE/OFFICE (MIXED USE) • 2,650 SF
      418 Royal Ave, Florence, AL 35630-4824
      View Details
    • Value Estimation
      $7,065,000
      68,426 SF

      350 Seville St

      STORE/OFFICE (MIXED USE) • 68,426 SF
      350 Seville St, Florence, AL 35630-1511
      View Details
    • Value Estimation
      $1,485,000
      10,107 SF

      1501 Florence Blvd

      STORE/OFFICE (MIXED USE) • 10,107 SF
      1501 Florence Blvd, Florence, AL 35630-2761
      View Details

    Similar Nearby for Sale

    • $570,000
      7.00 Acres

      High-Potential Florence Commercial Land

      Seven Acres, Prime Location, High Visibility
      Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $750,000
      5.00 Acres

      High-Potential Florence Commercial Land

      Five Acres, Prime Location, High Visibility
      Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $60,000
      960 SF

      Florence Commercial Land Opportunity

      Prime 960 SF lot, ideal business location.
      115 Indiana Ave, Florence, AL 35630
      View Details
    • $300,000
      1.58 Acres

      Florence Commercial Land - 1.58 Acres

      Prime 1.58-acre commercial lot in Florence, AL.
      0 Helton Dr, Florence, AL 35630
      View Details
    • $465,000

      Updated Office Building For Sale

      Commercial office building in a prime, high-demand location.
      715 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $544,000

      Commercial Land on Pine Street

      Three parcels of commercial land with frontage on Pine Street.
      000 Patterson Dr, Florence, AL 35630
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    Similar Nearby for Lease

    • $2,000 /Mo
      1,540 SF

      Downtown Florence Office Space Available

      Office space for lease in downtown Florence, Alabama.
      407 Tennessee St, 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.
      121 S Cherry St, Florence, AL 35630
      View Details
    • $2,000 /Mo
      1,540 SF

      Downtown Florence Office Space Available

      Office space for lease in downtown Florence near Court Street.
      405 Tennessee St, Florence, AL 35630
      View Details
    • 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

      Retail Space Near Cox Creek

      Retail space available in Florence, Alabama near major intersection.
      2851 Florence Blvd, 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

    Property Visit Statistics

    • Visits by month
      57.6k
    • Visitors by month
      16.2k
    • Avg Time on site
      21 min
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    Florence, AL 35630-2726
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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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