Warehouse with Fenced Laydown
For Sale
$599,000
912 29th Avenue, Tuscaloosa, AL 35401
CommercialSale, Tuscaloosa, AL
Property Size4,490 SF
Lot Size0.28 Acres
Price / SF$133.41
Days on Market30
Property Features for 912 29th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
from Lurleen B Wallace take a right on Martin Luther King Blvd, property is on the left just after the Storage Center
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
31-05-22-3-024-013.000
Size
4,490 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
Lot 1 Res Lots 334-339 Orig City
Tax Annual Amount
2170
HOA Fee
$500 Annually
Legal Description
Lot 1 Res Lots 334-339 Orig City
Building Details
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Richard Harwood · License #118535018
(205) 799-2210
Added: Aug 6
Changed: Sep 2
Last Checked: Sep 4 at 12:06AM
MLS# 176601
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 vacant warehouse contains approximately 4,490 square feet within an open configuration suited to storage, light industrial, or distribution operations. The building features 24-foot eave heights, concrete flooring, metal siding, and a metal roof. An at-grade roll-up door supports loading, while the fenced laydown area provides secured exterior space for materials or equipment.
The property occupies 0.28 acres at 912 29th Avenue in Tuscaloosa, Alabama, near downtown Tuscaloosa. Available for immediate occupancy, the building offers a practical base for an owner-user or investor seeking warehouse space with adaptable interior and exterior functionality.
The property occupies 0.28 acres at 912 29th Avenue in Tuscaloosa, Alabama, near downtown Tuscaloosa. Available for immediate occupancy, the building offers a practical base for an owner-user or investor seeking warehouse space with adaptable interior and exterior functionality.
Key Highlights
- Approximately +/- 4,490 SF warehouse
- 24' eave heights
- At‑grade loading with a roll up door
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
$27,202
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
4.54%
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%
$544,040
$544.0K
Cap Rate 7%
$388,600
$388.6K
Cap Rate 9%
$302,244
$302.2K
Market Conditions
NOI Build-Up for 4,490 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
$33.4K $7.44/SF
− Vacancy
−$1.4K −$0.31/SF
EGI
$32.0K $7.13/SF
− OpEx
−$4.8K −$1.07/SF
NOI
$27.2K $6.06/SF
Area
Tuscaloosa, AL
Vacancy
4.20%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$544,040
Cap Rate 7%
$388,600
Cap Rate 9%
$302,244
Alternative Uses
Best Use
Warehouse
$388.6K
$340.0K – $453.4K
NOI $27,202 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$308.7K
$270.1K – $360.2K
NOI $21,611 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.08M
$944.1K – $1.26M
NOI $75,529 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Center — 912 29th Ave, Tuscaloosa, AL 35401
- SMP — Smp, Tuscaloosa, AL 35401
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial building with open interior space, concrete flooring, metal construction, and at-grade loading access.
Where is this warehouse located?
The property is located at 912 29th Avenue Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately +/- 4,490 SF warehouse; 24' eave heights; At‑grade loading with a roll up door
