Office Unit for
For Sale
$379,900
535 Jack Warner Parkway, Tuscaloosa, AL 35404
Office unit available for sale at 535 Jack Warner Parkway, Unit J-2.
Property Size1,892 SF
Price / SF$200.79
Days on Market2793
Property Features for 535 Jack Warner Parkway
General Information
Standard status
Active
Size
1,892 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,120
Amenities
3
Listing Agency:
ALLIED REALTY & DEVELOPMENT
(205) 554-1792
Listed By:
CLAY HUDSON
(205) 799-7093
Source:
Xome
Added: Jan 14, 2019
Changed: Aug 14
Last Checked: Sep 7 at 5:49AM
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 ALLIED REALTY & DEVELOPMENT
Investment Insights
Based on property information with market context.
This for-sale office unit offers a straightforward option for buyers seeking dedicated commercial space within a multi-unit setting. The property is identified as Unit J-2, and it is categorized as office units/office spaces within the commercial real estate market.
The unit is located at 535 Jack Warner Parkway in Tuscaloosa, Alabama. Address-level location details make it easy to confirm routing, visit logistics, and building access when coordinating with a broker or tenant representative.
As an office-unit offering, it is best suited for professional uses that require private working space. For specifics on the interior layout and condition, buyers should coordinate directly to confirm current improvements and any building or unit-level terms that may apply.
The unit is located at 535 Jack Warner Parkway in Tuscaloosa, Alabama. Address-level location details make it easy to confirm routing, visit logistics, and building access when coordinating with a broker or tenant representative.
As an office-unit offering, it is best suited for professional uses that require private working space. For specifics on the interior layout and condition, buyers should coordinate directly to confirm current improvements and any building or unit-level terms that may apply.
Key Highlights
- Office unit for sale at 535 Jack Warner Parkway, Unit J‑2
- Includes 3 guest facilities
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
$21,915
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
5.77%
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%
$438,300
$438.3K
Cap Rate 7%
$313,071
$313.1K
Cap Rate 9%
$243,500
$243.5K
Market Conditions
NOI Build-Up for 1,892 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
$37.5K $19.80/SF
− Vacancy
−$8.2K −$4.36/SF
EGI
$29.2K $15.44/SF
− OpEx
−$7.3K −$3.86/SF
NOI
$21.9K $11.58/SF
Area
Tuscaloosa, AL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$438,300
Cap Rate 7%
$313,071
Cap Rate 9%
$243,500
Alternative Uses
Best Use
Office B
$313.1K
$273.9K – $365.3K
NOI $21,915 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.7K
$397.8K – $530.4K
NOI $31,826 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
328
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?
Office units - Office unit available for sale at 535 Jack Warner Parkway, Unit J-2.
Where is this office units located?
The property is located at 535 Jack Warner Parkway Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Office unit for sale at 535 Jack Warner Parkway, Unit J‑2; Includes 3 guest facilities
