Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Professional Office Building in Northport Title is generated by Realmo AI

    5690 Watermelon Road, Northport, AL 35473

    View on Map
    Claim this Listing
    For Sale
    $995,000

    SINGLE_FAMILY - Northport, AL

    Type:Office
    Property size:
    4,200 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $236/SF
    Added:
    Sep 2, 2025
    Days on Market:
    274
    Last Refresh:
    Jun 2 at 2:06 am

    Property Features for 5690 Watermelon Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    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

    Building Details

    Year built
    2010
    Number of units
    1

    We can help!

    Listing Contact
    Steven Deal

    Listing agent Steven Deal License #000093505

    Listing office Pritchett Moore Real Estate 1120 Queen City Ave, Tuscaloosa, AL

    Listing date Sep 2, 2025

    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.

    HighLights

    • Premier location suitable for client‑facing businesses.
    • Flexible floorplan with nine private offices, large conference room, and training room.
    • Upscale detailing and elegant finishes throughout.
    • Three zoned HVAC systems for optimal climate control.
    • Well‑appointed layout including reception area, breakroom, file room, and multiple restrooms.
    • Built in 2010 with 11' ceilings.

    Overview

    This commercial office building, formerly a law office, provides a professional environment designed for productivity and comfort. The property features 11' ceilings, elegant finishes, and three zoned HVAC systems. The main level includes a reception area, a spacious conference room, nine private offices, four restrooms, a breakroom, and a file room. The upper level offers two additional offices, a large training room, a kitchenette, and another bathroom. The flexible floorplan and professional design make this space suitable for law firms, financial services, medical offices, or other businesses seeking a location to serve clients and expand operations. The building has a total size of 4200 square feet and is located on a 0.26-acre lot.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $100.8k $24.00
    − Vacancy −$7.1k −$1.68
    EGI $93.7k $22.32
    − OpEx −$37.5k −$8.93
    NOI $56.2k $13.39
    4,200 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $803.5K
    $703.1K – $937.4K (±1% cap)
    NOI $56,246 @ 7.0% cap · market cap 5.65%
    Second Best
    Office B
    $695.0K
    $608.1K – $810.8K (±1% cap)
    NOI $48,649 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    Office A
    $1.01M
    $883.1K – $1.18M (±1% cap)
    NOI $70,651 @ 7.0% cap · market cap 7.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Northport
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.543884
    Latitude
    33.260504

    Nearby Similar for Sale

    • $649,900
      3,427 SF

      Northport Car Wash For Sale

      Car wash on 0.70 acres, redevelopment opportunity available.
      12102 Hendrix Avenue, Northport, AL 35476
      View Details
    • $750,000
      4,020 SF

      Northport Medical/Office Building For Sale

      4,020 SF medical/office building with 18 parking spaces.
      2401 Hospital Drive, Northport, AL 35476
      View Details
    • $3,299,000
      12,000 SF

      New Class A Office Space

      Modern 12,000 SF office space in fast-growing Northport, Alabama.
      5051 Union Station, Northport, AL 35473
      View Details
    • $995,000
      4,200 SF

      Professional Office Building For Sale

      Well-appointed commercial office building with flexible floorplan and upscale detailing.
      5690 Watermelon Road 125, Northport, AL 35473
      View Details
    • $2,400,000
      49,000 SF

      Northport Industrial Facility For Sale

      49,000 SF industrial facility suitable for owner-user or investor.
      3160 A McFarland Boulevard, Northport, AL 35476
      View Details
    • $649,900
      3,427 SF

      Redevelopment Opportunity on Hendrix Avenue

      0.70-acre site suitable for redevelopment or continued car wash.
      12102 Hendrix Avenue, Northport, AL 35476
      View Details
    • $900,000

      Retail Opportunity Near University

      Retail space with high traffic near University of Alabama.
      5105 Mcfarland Blvd, Northport, AL 35476
      View Details
    • $6,450,000
      67,659 SF

      Northport Industrial Investment Opportunity

      Fully leased industrial property in Northport, Alabama for sale.
      600 64th Ave, Northport, AL 35476
      View Details
    • $1,250,000
      7,500 SF

      Self-Storage Facility For Sale

      Self-storage facility with recent upgrades and remotely managed.
      2710 McFarland Boulevard, NORTHPORT, AL 35476
      View Details
    • Contact for pricing
      1 SF

      Corner Lot with Car Wash

      1.27 acre corner lot with existing car wash.
      3800 McFarland Boulevard, Northport, AL, 35476
      View Details
    • $5,170,000
      58,035 SF

      Retail Space in Northport, AL

      Retail space available for sale in Northport, Alabama.
      5510 McFarland Blvd, Northport, AL 35476
      View Details
    • $1,950,000

      Renovated Office Building For Sale

      Newly renovated office building in a convenient location.
      5710 Watermelon Road Unit 310&316, Northport, AL 35473
      View Details

    FAQs

    What type of property is this?
    Office building - Well-appointed office building ideal for law, finance, or medical practices.
    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: Premier location suitable for client‑facing businesses.; Flexible floorplan with nine private offices, large conference room, and training room.; Upscale detailing and elegant finishes throughout.
    (205) 292-9771
    We can help!
    Listing Contact
    Steven Deal
    Real Estate License ID: 000093505
    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
    5690 Watermelon Road, Northport, AL 35473
    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!