Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Flex Space Lease with Garage Door Title is generated by Realmo AI

    401 20th Avenue, Northport, AL 35476

    View on Map
    Claim this Listing
    New
    For Lease
    $2,500/Mo $19 SF/Yr (calc)

    COMMERCIAL - Northport, AL

    Property size:
    1,532 SF
    Lot size:
    0.55 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 401 20th Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    31-05-15-3-314-001.001
    Size
    1,532 SF
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Description
    metes & bounds
    Tax Annual Amount
    4551

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Number of units
    5
    Flooring type
    Concrete
    Building materials
    Brick, Block, MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Matthew Reilly

    Listing agent Matthew Reilly

    Listing office Advantage Realty Group 1641 McFarland Blvd, N, Tuscaloosa, AL

    Listing date Jun 5, 2026

    MLS# 175648

    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

    • Available for lease: Unit 5 in a thriving retail center in historic downtown Northport
    • Open‑concept layout with lobby area, office space, and restroom
    • Includes a unique industrial garage door for enhanced access and frontage
    • Central HVAC with central air and electric heating
    • Built in 1993 with brick, block, and metal siding exterior
    • Concrete flooring and a metal roof

    Overview

    Unit 5 is a flex-style space designed around an open-concept layout that includes a lobby area, office space, and a restroom. The unit also features an industrial garage door, providing a functional connection between street-facing access and indoor work or service use.

    The property is located at 401 20th Avenue in downtown Northport, within a retail center. Surrounding uses include restaurants, shops, businesses, and nearby residential communities, supporting day-to-day customer and foot-traffic activity in the immediate area.

    This suite can fit businesses that need both an office component and a garage-door access point, such as service-oriented operations, light industrial support functions, or other tenants seeking a straightforward combination of customer-facing space and operational practicality. The available configuration supports a clear front area for reception and administrative work, with the remainder of the unit able to support day-to-day activity tied to the garage door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Kathie Simpson's One Stop Wedd — 3076 McFarland Blvd, Northport, AL 35476

    Location Insight

    • Map
    • Local Demand
    City
    Northport
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.577173
    Latitude
    33.218266

    Nearby Similar for Lease

    • $6,000/Mo
      4,200 SF

      Northport Commercial Office Space

      Well-appointed office building with flexible floorplan in premier location.
      5690-L Watermelon Road, Northport, AL 35473
      View Details
    • $1,750/Mo
      1,500 SF

      Northport Retail or Office Space

      Retail or office space available in Northport, Alabama.
      3120 McFarland Blvd, Northport, AL 35476
      View Details
    • $3,500/Mo
      3,000 SF

      Northport Retail Space For Rent

      3,000 SF retail space available in Northport, Alabama.
      230 McFarland Boulevard, Northport, AL 35476
      View Details
    • $4,500/Mo
      3,956 SF

      Northport Office Space Available

      3,956 SF office space suitable for various business types.
      5500 Watermelon Rd, Northport, AL 35473
      View Details
    • $5,000/Mo
      10,000 SF

      Northport Warehouse Space for Lease

      10,000 SF warehouse space in Northport, Alabama for lease.
      3160 Mcfarland Boulevard, Northport, AL 35476
      View Details
    • $7,500/Mo
      15,000 SF

      Northport Warehouse Space For Lease

      15,000 SF warehouse space with multiple loading options.
      3160 Mcfarland Boulevard, Northport, AL 35476
      View Details
    • $3,500/Mo
      3,000 SF

      Retail Space in Black Warrior

      3,000 SF retail space suitable for various business types.
      230 McFarland Boulevard, Northport, AL 35476
      View Details
    • $12,000/Mo
      24,000 SF

      Northport Warehouse Space Available

      24,000 SF warehouse space for lease in Northport, AL.
      3160 Mcfarland Boulevard, Northport, AL 35476
      View Details
    • $15 SF/Yr
      2,500 SF

      Northport Retail Space For Rent

      2500 SF retail space in a proven Northport location.
      4550 Station Circle, Northport, AL 35473
      View Details
    • $25 SF/Yr
      3,500 SF

      Retail Space in Growing Northport

      3,500 SF retail space in a busy Northport center.
      5550 Mcfarland Boulevard, Northport, AL 35476
      View Details
    • $5,250/Mo
      2,035 SF

      Northport Retail/Restaurant Space Available

      2,035 SF former restaurant space for lease in Northport.
      2701 Lurleen B Wallace Boulevard, Northport, AL 35476
      View Details
    • $4,500/Mo
      3,956 SF

      Northport Office Space Available

      3,956 SF office space with high-end finishes and flexibility.
      5500 Watermelon Rd, Northport, AL
      View Details

    FAQs

    What type of property is this?
    Flex space - Open-concept lobby, office, and restroom layout with an industrial garage door for practical flex use.
    Where is this flex space located?
    The property is located at 401 20th Avenue Northport, AL.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Available for lease: Unit 5 in a thriving retail center in historic downtown Northport; Open‑concept layout with lobby area, office space, and restroom; Includes a unique industrial garage door for enhanced access and frontage
    (334) 399-2883
    We can help!
    Listing Contact
    Matthew Reilly
    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
    401 20th Avenue, Northport, AL 35476
    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!