Two-Story Office
3811 Palisades Drive Tuscaloosa, AL 35405
3811 Palisades Drive, Tuscaloosa, AL, 35405
$850,000
For Sale
$850,000
Two-story office building with 16 offices, 8 bathrooms, and a fully equipped kitchen.
Property Size5,964 SF
Price / SF$142.52
Days on Market3303
Property Features for 3811 Palisades Drive
General Information
- Standard status
- Active
- Size
- 5,964 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agency
BILLY BOYD REALTY
(205) 799-3985
Listed by
Julie Jackson
(205) 799-3985
Source
Xome
Added: Jul 6, 2017 Updated: Jul 20 at 6:01PM Checked: Jul 21 at 3:03AM
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 BILLY BOYD REALTY
Investment Insights
Based on property information with market context.
This two-story office building offers a large office layout with 16 offices, 8 bathrooms, and a fully equipped kitchen. The property also includes four storage rooms and features neutral décor, along with a water fountain. Recent updates include new hardwood floors, ceramic tile in the kitchen, and freshly painted walls.
The building is located off Hargrove Road and Skyland Blvd, with quick access to the interstate. The property includes plenty of parking spaces, supporting convenient on-site access for staff and visitors.
The configuration is described as divisible, which may allow for easier leasing by separating office space for multiple occupants.
The building is located off Hargrove Road and Skyland Blvd, with quick access to the interstate. The property includes plenty of parking spaces, supporting convenient on-site access for staff and visitors.
The configuration is described as divisible, which may allow for easier leasing by separating office space for multiple occupants.
Key Highlights
- Two‑story office building with 16 offices, 8 bathrooms, and a fully equipped kitchen
- Fully equipped kitchen plus 4 storage rooms
- Renovation includes new hardwood floors, ceramic flooring in kitchen, and freshly painted walls
Local Financial Insights For Office B
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 | $118.1k | $19.80 |
| − Vacancy | −$26.0k | −$4.36 |
| EGI | $92.1k | $15.44 |
| − OpEx | −$23.0k | −$3.86 |
| NOI | $69.1k | $11.58 |
5,964 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$986.9K
$863.5K – $1.15M
NOI $69,081 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,324 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kindred Care Hospice
Nursing Home
Billy Boyd Realty ...
Construction Company
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FAQs
What type of property is this?
Office building - Two-story office building with 16 offices, 8 bathrooms, and a fully equipped kitchen.
Where is this office building located?
The property is located at 3811 Palisades Drive Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑story office building with 16 offices, 8 bathrooms, and a fully equipped kitchen; Fully equipped kitchen plus 4 storage rooms; Renovation includes new hardwood floors, ceramic flooring in kitchen, and freshly painted walls
