Mixed-Use Property with Fitness
For Sale
$1,500,000
1030 13th Street E, Tuscaloosa, AL 35404
Existing 24-hour fitness operation occupies a 2013 building with central air and electric service.
Property Size5,200 SF
Price / SF$288.46
Days on Market391
Property Features for 1030 13th Street E
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,623
Amenities
Central Air, Electric
3
Concrete
Metal
170x179
Building Details
Year Built
2013
Listing Agency:
(205) 657-1997
Listed By:
Keller Williams Tuscaloosa
(205) 657-1997
Source:
Xome
Added: Aug 5, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Tuscaloosa
Investment Insights
Based on property information with market context.
This 5,200-square-foot mixed-use property was built in 2013 and currently houses a seller-operated 24-hour fitness business. The building features central air, electric service, concrete construction, and a metal exterior. Its layout can accommodate a range of commercial applications, including retail, medical office, showroom, restaurant, or office use.
The property is positioned near DCH Regional Medical Center, the University of Alabama, upscale apartment communities, restaurants, Fresh Market, and three major retail shopping developments. The seller is willing to lease the building back, with 3 1/2 years remaining on the current lease and an additional 5-year option. An adjacent lot is also available separately for expansion or another business.
The property is positioned near DCH Regional Medical Center, the University of Alabama, upscale apartment communities, restaurants, Fresh Market, and three major retail shopping developments. The seller is willing to lease the building back, with 3 1/2 years remaining on the current lease and an additional 5-year option. An adjacent lot is also available separately for expansion or another business.
Key Highlights
- 5,200‑square‑foot mixed‑use building constructed in 2013
- Seller‑operated 24‑hour fitness business currently occupies the property
- Central air and electric service with concrete construction
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
$69,638
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
4.64%
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%
$1,392,760
$1.4M
Cap Rate 7%
$994,829
$994.8K
Cap Rate 9%
$773,756
$773.8K
Market Conditions
NOI Build-Up for 5,200 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
$124.8K $24.00/SF
− Vacancy
−$8.7K −$1.68/SF
EGI
$116.1K $22.32/SF
− OpEx
−$46.4K −$8.93/SF
NOI
$69.6K $13.39/SF
Area
Tuscaloosa, AL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,392,760
Cap Rate 7%
$994,829
Cap Rate 9%
$773,756
Alternative Uses
Best Use
Healthcare Medical
$994.8K
$870.5K – $1.16M
NOI $69,638 @ 7.0% cap · market cap 4.64%
Second Best
Mixed Use
$882.4K
$772.1K – $1.03M
NOI $61,766 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,472 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 35404, AL
20,982
Population
11,427
Households
1.8
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
16.6 sq mi
ZIP Area
1,264
Density / Sq Mi
$45,521
Median Household Income
$25,035
Median Earnings
$986
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing 24-hour fitness operation occupies a 2013 building with central air and electric service.
Where is this mixed-use property located?
The property is located at 1030 13th Street E Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,200‑square‑foot mixed‑use building constructed in 2013; Seller‑operated 24‑hour fitness business currently occupies the property; Central air and electric service with concrete construction
