Flex Building with Highway
For Sale
$249,900
10719 Landmark lane, Coaling, AL 35453
CommercialSale, Coaling, AL
Property Size4,100 SF
Lot Size1.34 Acres
Price / SF$60.07
Days on Market119
Property Features for 10719 Landmark lane
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Exterior features
SecurityLighting
Directions
I59 to Universtiy Blvd E/HWY 11 North on HWY 11, Property on the left
Subdivision
(10) East Tuscaloosa County
Standard status
Active
APN
29-07-36-0-001015.001
Size
4,160 SF
Lot size
1.34 Acres
Taxes and HOA fees
Tax Description
LOT 1 OF HENRY BOYD SUBDIVISION AS RECORED IN PLAT BOX 2018 PAGE 151 IN THE OFFICE OF THE JUDGE OF PROBATE OF TUSCALOOSA COUNTY, ALABAMA
Tax Annual Amount
1224
Legal Description
LOT 1 OF HENRY BOYD SUBDIVISION AS RECORED IN PLAT BOX 2018 PAGE 151 IN THE OFFICE OF THE JUDGE OF PROBATE OF TUSCALOOSA COUNTY, ALABAMA
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Number of units
1
Flooring type
Carpet, Tile
Building materials
WoodSiding
Roof type
Built-Up, Shingle, Composition
Architectural style
Other
Listing Agency:
ARC Realty Inverness
(205) 969-8910
Listed By:
Jeff Newman
(205) 296-4488
Added: Jun 8
Changed: Oct 1
Last Checked: Oct 4 at 11:06PM
MLS# 177781
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 flex property is currently leased for use as a day care facility. The building has carpet and tile flooring, central heating and cooling, and security lighting. The site contains 1.34 acres, providing additional land alongside the existing improvements.
The property fronts Highway 11, with approximately 298 feet along the highway. It is less than 10 miles from Mercedes-Benz U.S. International in Vance and under 15 miles from Downtown Tuscaloosa and the University of Alabama.
The property fronts Highway 11, with approximately 298 feet along the highway. It is less than 10 miles from Mercedes-Benz U.S. International in Vance and under 15 miles from Downtown Tuscaloosa and the University of Alabama.
Key Highlights
- 1.34‑acre site
- Approximately 298 feet of frontage on Highway 11
- Currently leased for day care use
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
$20,023
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
8.01%
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%
$400,460
$400.5K
Cap Rate 7%
$286,043
$286.0K
Cap Rate 9%
$222,478
$222.5K
Market Conditions
NOI Build-Up for 4,160 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
$30.0K $7.20/SF
− Vacancy
−$1.3K −$0.32/SF
EGI
$28.6K $6.88/SF
− OpEx
−$8.6K −$2.06/SF
NOI
$20.0K $4.81/SF
Area
Tuscaloosa County, AL
Vacancy
4.50%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
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%
$400,460
Cap Rate 7%
$286,043
Cap Rate 9%
$222,478
Alternative Uses
Best Use
Flex RnD
$460.0K
$402.5K – $536.6K
NOI $32,197 @ 7.0% cap · market cap 12.88%
Second Best
Warehouse
$360.0K
$315.0K – $420.1K
NOI $25,203 @ 7.0% cap · market cap 10.09%
Theoretical Best
Office A
$999.7K
$874.7K – $1.17M
NOI $69,978 @ 7.0% cap · market cap 28.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35453, AL
12,682
Population
5,215
Households
2.4
Avg Household Size
38
Median Age
16%
College-Educated
89%
High-School Grad
90.4 sq mi
ZIP Area
140
Density / Sq Mi
$70,162
Median Household Income
$39,306
Median Earnings
$969
Median Rent
$190,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Currently leased for day care use, the property combines adaptable commercial space with a sizable land component.
Where is this flex space located?
The property is located at 10719 Landmark lane Coaling, AL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1.34‑acre site; Approximately 298 feet of frontage on Highway 11; Currently leased for day care use
