Professional Office
For Sale
$995,000
5690 Watermelon Road, Northport, AL 35473
CommercialSale, Northport, AL
Property Size4,200 SF
Lot Size0.26 Acres
Price / SF$236.90
Days on Market408
Property Features for 5690 Watermelon Road
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
From intersection of Watermelon & Ol Colony, South on Watermelon, turn left on 56th St E, Property is the corner lot of 56th St E and the Flags Development
Subdivision
(06) Northport City
Standard status
Active
APN
20-07-35-4-001-021.004
Size
4,200 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
Lot 7 Flags SD
Tax Annual Amount
2935
HOA Fee
$693 Quarterly
Legal Description
Lot 7 Flags SD
Amenities
conference room
breakroom
training room
kitchenette
Building Details
Year built
2010
Number of units
1
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Steven Deal · License #000093505
(205) 292-9771
Added: Sep 2, 2025
Changed: Sep 30
Last Checked: Oct 14 at 10:06AM
MLS# 170684
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 2010, this 4,200-square-foot office building occupies 0.26 acres and provides a highly configured professional workspace. The main floor includes reception, a conference room, nine private offices, four restrooms, a breakroom, and a file room. The upper level adds two offices, a training room, a kitchenette, and another bathroom. Three zoned HVAC systems support the building, while 11-foot ceilings and finished interior details define the workplace environment.
The property is located at 5690 Watermelon Road in Northport, Alabama 35473, within Tuscaloosa County. Its existing arrangement offers separate areas for client reception, private work, meetings, training, staff amenities, and records storage.
The property is located at 5690 Watermelon Road in Northport, Alabama 35473, within Tuscaloosa County. Its existing arrangement offers separate areas for client reception, private work, meetings, training, staff amenities, and records storage.
Key Highlights
- 4,200‑square‑foot office building on 0.26 acres
- Main level includes nine private offices, conference room, reception, four restrooms, breakroom, and file room
- Upper level adds two offices, training room, kitchenette, and additional bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,649
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,980
$973.0K
Cap Rate 7%
$694,986
$695.0K
Cap Rate 9%
$540,544
$540.5K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$83.2K $19.80/SF
− Vacancy
−$18.3K −$4.36/SF
EGI
$64.9K $15.44/SF
− OpEx
−$16.2K −$3.86/SF
NOI
$48.6K $11.58/SF
Area
Tuscaloosa County, AL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,980
Cap Rate 7%
$694,986
Cap Rate 9%
$540,544
Alternative Uses
Best Use
Office B
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$883.1K – $1.18M
NOI $70,651 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two-level layout includes private offices, conference and training rooms, break areas, and three zoned HVAC systems.
Where is this office building located?
The property is located at 5690 Watermelon Road Northport, AL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,200‑square‑foot office building on 0.26 acres; Main level includes nine private offices, conference room, reception, four restrooms, breakroom, and file room; Upper level adds two offices, training room, kitchenette, and additional bath
