Professional Office Building in
5690 Watermelon Road Northport, AL 35473
5690 Watermelon Road, Northport, AL, 35473
$995,000
For Sale
$995,000
SINGLE_FAMILY - Northport, AL
Property Size4,200 SF
Lot Size0.26 Acres
Price / SF$236.90
Days on Market319
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
Listing Agency
Pritchett Moore Real Estate
(205) 349-6500
1120 Queen City Ave, Tuscaloosa, AL
Listed by
Steven Deal · License #000093505
(205) 292-9771
Added: Sep 2, 2025 Checked: Jul 17 at 5:06 am
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.
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.
Key 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.
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
NOI $56,246 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 4.89%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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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.
