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    Property profile & analytics

    509 Woodward Ave Muscle Shoals, AL 35661-1545

    • Retail space
    • 2,381 SF
    OFF-MARKET
    Value Estimation
    $185,000
    Last Sale
    Mar 25, 2022
    $179,000
    Location Intelligence
    Property ID
    US03-2531676
    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

    • Fuller Heating, Air Conditioning, Plumbing & Electrical / Hvac Contractor / Air Conditioning Contractor
    • Fuller Heating & Air Conditioning, Inc. / Air Conditioning Contractor

    Property Details for 509 Woodward Ave

    Year built
    1988
    Construction
    WOOD
    Property size
    2,381 SF
    Property type
    Retail space
    APN
    07-07-35-2-012-010.000
    APU
    707352012010000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $190,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $215,000
      Mixed-Use
      $250,000
      Hospitality
      $235,000
      Educational
      $245,000
      Residential Income
      $195,000
      Energy
      $245,000
      Income-Based Land
      $175,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Muscle Shoals
    County
    Colbert
    State
    Alabama
    Longitude
    -87.6679
    Latitude
    34.7557
    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
    $1,823
    $0.00
    $0.00
    $45,040
    -
    $59,700
    $165,500
    $225,200

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      Muscle Shoals, AL 35661

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      Muscle Shoals, AL 35661
      View Details
    • Value Estimation by Request
      4,805 SF

      2200 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 4,805 SF
      2200 2nd St, Muscle Shoals, AL 35661-1245
      View Details
    • Value Estimation by Request
      5,185 SF

      400 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 5,185 SF
      400 2nd St, Muscle Shoals, AL 35661-1501
      View Details
    • Value Estimation by Request
      4,820 SF

      708 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 4,820 SF
      708 2nd St, Muscle Shoals, AL 35661-1504
      View Details
    • Value Estimation by Request
      2,590 SF

      610 6th St

      RETAIL STORES (PERSONAL SERVICES) • 2,590 SF
      610 6th St, Muscle Shoals, AL 35661
      View Details
    • Value Estimation by Request
      11,763 SF

      1811 6th St

      RETAIL STORES (PERSONAL SERVICES) • 11,763 SF
      1811 6th St, Muscle Shoals, AL 35661-3609
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Remodeled Commercial Property, Muscle Shoals

      Two remodeled buildings in high-traffic Muscle Shoals location.
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      Commercial Property in High-Traffic Area

      Commercial investment property in Muscle Shoals with high potential.
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      Muscle Shoals Commercial Land Investment

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    Similar Nearby for Lease

    • Contact for pricing
      1,750 SF

      Retail Space Near Walmart

      Retail space available with high visibility and signalized access.
      233 Avalon Ave, Muscle Shoals, AL 35661
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    • Contact for pricing

      Former Restaurant on Woodward Avenue

      5,798 SF former restaurant on 1.046 AC for rent.
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      View Details
    • $10 SF/Yr
      3,750 SF

      Kelsey Place Office Suites

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    Muscle Shoals, AL 35661-1545
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    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
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