Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Tuscaloosa Commercial Property For Sale Title is generated by Realmo AI

    2625 & 2621 21st Street, Tuscaloosa, AL 35401

    View on Map
    Claim this Listing
    For Sale
    $55,000

    COMMERCIAL - Tuscaloosa, AL

    Property size:
    1,446 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $38/SF
    Added:
    Jun 6, 2024
    Days on Market:
    705
    Last Refresh:
    May 11 at 1:06 am

    Property Features for 2625 & 2621 21st Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    31-08-27-1-050-003.000
    Size
    1,446 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Description
    Lot 2 & 3 in blk 523 in TCI&L Co Subd
    Tax Annual Amount
    450

    Building Details

    Year built
    1940
    Number of units
    1

    We can help!

    Listing Contact
    Iris Riggs

    Listing agent Iris Riggs

    Listing office ELITE SIGNATURE PROPERTIES 2220 UNIVERSITY BLVD., STE. 203, TUSCALOOSA, AL

    Listing date Jun 6, 2024

    MLS# 163068

    Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New price improvement makes this an even better opportunity!
    • Includes two parcels, expanding your possibilities.
    • Existing shop building on one parcel, ready for immediate use.
    • Adjacent vacant lot included, providing room to grow.
    • Zoned MG (General Manufacturing), ideal for a variety of businesses.
    • Built in 1940.

    Overview

    This sale includes two parcels. One parcel features an existing shop-type building, while the adjacent lot is vacant. The property is zoned MG. The building has a size of 1446 square feet and the lot size is 0.24 acres. The property is located in Tuscaloosa, Alabama.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Casual Class Bar Services — 3108 25th Ave Suite B, Tuscaloosa, AL 35401

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.565359
    Latitude
    33.192715

    Nearby Similar for Sale

    • $859,000
      3,230 SF

      Charming Commercial Office in Tuscaloosa

      Commercial office with parking, character, and rental potential.
      2902 7th Street, Tuscaloosa, AL 35401
      View Details
    • $650,000

      Tuscaloosa Mixed-Use Property For Sale

      Mixed-use property with warehouse near University of Alabama.
      3325 UNIVERSITY BOULEVARD, TUSCALOOSA, AL 35404
      View Details
    • $495,000

      Commercial Land on Veterans Parkway

      2.84-acre commercial land parcel with high visibility and accessibility.
      Veterans Memorial Parkway, Tuscaloosa, AL 35404
      View Details
    • $495,000

      Tuscaloosa Commercial Land For Sale

      2.84-acre vacant parcel for commercial development with road frontage.
      0 VETERANS MEMORIAL PARKWAY, TUSCALOOSA, AL 35404
      View Details
    • $1,460,000
      4,801 SF

      Freestanding Commercial Building For Sale

      Versatile commercial space with drive-thru in Tuscaloosa, Alabama.
      8710 Highway 69 South, Tuscaloosa, AL 35405
      View Details
    • $850,000
      11,528 SF

      Tuscaloosa Warehouse with High Visibility

      11,500+ SF warehouse on 1.37 acres in Tuscaloosa.
      4201 Veterans Memorial Parkway, Tuscaloosa, AL 35404
      View Details
    • $800,000

      Tuscaloosa Commercial Land For Sale

      4.1-acre commercial site in Tuscaloosa's Central City area.
      2700 Jack Warner Pkwy, Tuscaloosa, AL 35404
      View Details
    • $1,115,000
      4,265 SF

      Duplex Near University of Alabama

      Spacious duplex with strong rental potential near University of Alabama.
      1021 Queen City Avenue, Tuscaloosa, AL 35401
      View Details
    • $299,900

      Retail Location in Tuscaloosa

      High-traffic shopping center location in fast-growing south Tuscaloosa.
      Southview Lane, Tuscaloosa, AL 35405
      View Details
    • $825,000

      Unzoned 10-Acre Tuscaloosa Land

      Unzoned 10-acre parcel with road frontage and utility connections.
      327 Crescent Ridge Road E, Tuscaloosa, AL 35404
      View Details
    • $825,000
      435,600 SF

      Unzoned 10-Acre Tuscaloosa Land

      10 acres of unzoned land with road frontage.
      Crescent Ridge Road E, Tuscaloosa, AL 35404
      View Details
    • $399,000
      3,465 SF

      Tuscaloosa Multifamily Investment Opportunity

      Seven-unit multifamily property near downtown Tuscaloosa, Alabama.
      407 30th Place, Tuscaloosa, AL 35401
      View Details

    FAQs

    What type of property is this?
    Flex space - Two parcels, one with shop building, adjacent vacant lot.
    Where is this flex space located?
    The property is located at 2625 & 2621 21st Street Tuscaloosa, AL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: New price improvement makes this an even better opportunity!; Includes two parcels, expanding your possibilities.; Existing shop building on one parcel, ready for immediate use.
    (205) 765-9880
    We can help!
    Listing Contact
    Iris Riggs
    Learn More
    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.
    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

    Thank You for Inquiry
    2625 & 2621 21st Street, Tuscaloosa, AL 35401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!