Signalized Intersection Retail
For Sale
$749,000
3127 Stillman Boulevard, Tuscaloosa, AL 35401
Open merchandising area includes rear support rooms and may be divided into two separate spaces.
Property Size4,200 SF
Price / SF$178.33
Days on Market498
Property Features for 3127 Stillman Boulevard
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,715
Amenities
Central Air, Electric
3
Concrete
Metal
IRR
Listing Agency:
HAMNER REAL ESTATE
(205) 345-0654
Listed By:
Robert Shaw
(205) 345-0654
Source:
Xome
Added: Apr 20, 2025
Changed: Aug 29
Last Checked: Aug 29 at 9:00PM
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 HAMNER REAL ESTATE
Investment Insights
Based on property information with market context.
This retail property is configured around a broad customer-facing sales area, with a stock room and office positioned toward the rear. The layout may support separation into two spaces, subject to applicable requirements.
The property occupies the signalized intersection of MLK and Stillman Boulevards, providing access to Downtown Tuscaloosa and I-359. Central air and electric service are identified among the interior features.
The property occupies the signalized intersection of MLK and Stillman Boulevards, providing access to Downtown Tuscaloosa and I-359. Central air and electric service are identified among the interior features.
Key Highlights
- Signalized intersection at MLK and Stillman Boulevards
- Large open sales floor for retail operations
- Rear stock room and office included
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
$47,166
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
6.30%
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%
$943,320
$943.3K
Cap Rate 7%
$673,800
$673.8K
Cap Rate 9%
$524,067
$524.1K
Market Conditions
NOI Build-Up for 4,200 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
$73.1K $17.40/SF
− Vacancy
−$5.7K −$1.36/SF
EGI
$67.4K $16.04/SF
− OpEx
−$20.2K −$4.81/SF
NOI
$47.2K $11.23/SF
Area
Tuscaloosa, AL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$943,320
Cap Rate 7%
$673,800
Cap Rate 9%
$524,067
Alternative Uses
Best Use
Retail
$673.8K
$589.6K – $786.1K
NOI $47,166 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$883.1K – $1.18M
NOI $70,651 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,561 visits/mo
0.1 miles
Chevron
Shops & Services
7,641 visits/mo
0.5 miles
Exxon
Shops & Services
5,503 visits/mo
0.2 miles
Texaco
Shops & Services
5,069 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
2,007 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open merchandising area includes rear support rooms and may be divided into two separate spaces.
Where is this retail space located?
The property is located at 3127 Stillman Boulevard Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Signalized intersection at MLK and Stillman Boulevards; Large open sales floor for retail operations; Rear stock room and office included
