Flex Building with Office
For Sale
$450,000
5680 Highway 171 Cutoff Road, Northport, AL 35473
CommercialSale, Northport, AL
Property Size5,000 SF
Lot Size0.72 Acres
Price / SF$90
Days on Market123
Property Features for 5680 Highway 171 Cutoff Road
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
RainGutters
Directions
From the Northport Civic Center, turn onto US-43N. Travel 1.7 miles and turn left onto Highway 171 Cutoff Rd. Property will be on the left in approximately 0.2 miles.
Subdivision
(08) North Tuscaloosa County
Standard status
Active
APN
20-09-32-3-002-022.002
Size
5,000 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
COM SW INT MOORE'S-BRIDGE-RD & LINDSEY-DR IN NE1/4-SW1/4 S32 T20S R10W; TH S 209.1 ALG R/W TO POB; TH S 132.9 ALG R/W; W 252.1; N 121; E 242.1 TO POB.
Tax Annual Amount
1128
Legal Description
COM SW INT MOORE'S-BRIDGE-RD & LINDSEY-DR IN NE1/4-SW1/4 S32 T20S R10W; TH S 209.1 ALG R/W TO POB; TH S 132.9 ALG R/W; W 252.1; N 121; E 242.1 TO POB.
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
full kitchen
conference/eating area
Building Details
Year built
1991
Number of units
1
Flooring type
Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Keller Williams Tuscaloosa · Keller Williams Realty
(205) 759-3400
Listed By:
Jared Gray
(205) 454-9217
Added: May 5
Changed: Sep 4
Last Checked: Sep 4 at 12:06PM
MLS# 175047
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.
Investment Insights
Based on property information with market context.
Built in 1991, this 5,000-square-foot flex property combines a 3,750-square-foot warehouse with 1,250 square feet of office area. The metal building includes two roll-up doors, a mezzanine above the offices, rotating I-beams for chain hoists, skylights, rain gutters, and a metal roof.
The office component provides three large offices, two bathrooms, a full kitchen, and a conference and eating area. Improvements include a renovated office bathroom, new LVP flooring, smooth ceilings, fresh paint, new light fixtures, and office air conditioning replaced in 2023. The property occupies 0.72 acres and offers quick access to Northport and Tuscaloosa.
The office component provides three large offices, two bathrooms, a full kitchen, and a conference and eating area. Improvements include a renovated office bathroom, new LVP flooring, smooth ceilings, fresh paint, new light fixtures, and office air conditioning replaced in 2023. The property occupies 0.72 acres and offers quick access to Northport and Tuscaloosa.
Key Highlights
- 5,000 SF building on 0.72 acres
- 3,750 SF warehouse plus 1,250 SF office area
- Two large roll‑up doors and rotating I‑beams for chain hoists
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,698
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,960
$774.0K
Cap Rate 7%
$552,829
$552.8K
Cap Rate 9%
$429,978
$430.0K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.0K $12.60/SF
− Vacancy
−$3.5K −$0.69/SF
EGI
$59.5K $11.91/SF
− OpEx
−$20.8K −$4.17/SF
NOI
$38.7K $7.74/SF
Area
Tuscaloosa County, AL
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,960
Cap Rate 7%
$552,829
Cap Rate 9%
$429,978
Alternative Uses
Best Use
Office B
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 12.87%
Second Best
Flex RnD
$552.8K
$483.7K – $645.0K
NOI $38,698 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,108 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35473, AL
17,888
Population
8,601
Households
2.1
Avg Household Size
38
Median Age
37%
College-Educated
90%
High-School Grad
25.8 sq mi
ZIP Area
693
Density / Sq Mi
$67,224
Median Household Income
$44,581
Median Earnings
$922
Median Rent
$249,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Metal construction pairs warehouse functionality with updated offices, kitchen, bathrooms, and a conference area.
Where is this flex space located?
The property is located at 5680 Highway 171 Cutoff Road Northport, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,000 SF building on 0.72 acres; 3,750 SF warehouse plus 1,250 SF office area; Two large roll‑up doors and rotating I‑beams for chain hoists
