Mixed-Use Live-Work
For Sale
$1,599,000
1340 The Townes, Tuscaloosa, AL 35406
Two-level configuration combines ground-floor commercial space with an upper-level residence.
Property Size4,200 SF
Price / SF$380.71
Days on Market59
Property Features for 1340 The Townes
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Commercial
Amenities
concrete deck
covered rear parking
Listing Agency:
Harwood Real Estate LLC
Listed By:
Richard Harwood · License #118535018
(205) 764-1637
Source:
Advantagerealtygroup
Added: Aug 16
Changed: Oct 7
Last Checked: Oct 11 at 3:30AM
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 Harwood Real Estate LLC
Investment Insights
Based on property information with market context.
Located at 1340 The Townes in Tuscaloosa, this mixed-use property combines commercial functionality with an upper-level living component. The ground floor provides retail or other commercial space, while the level above is configured as a residence, creating a live-work arrangement within one property. A concrete deck extends the usable outdoor area, and covered parking is positioned at the rear. The property is situated at the entrance to The Townes. Its reported property size is 4,200, with the configuration centered on separate commercial and residential areas.
Key Highlights
- Ground‑floor retail or commercial space
- Upper‑level living area creates a live‑work configuration
- Concrete deck provides outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,888
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,760
$997.8K
Cap Rate 7%
$712,686
$712.7K
Cap Rate 9%
$554,311
$554.3K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$88.2K $21.00/SF
− Vacancy
−$8.4K −$2.00/SF
EGI
$79.8K $19.01/SF
− OpEx
−$29.9K −$7.13/SF
NOI
$49.9K $11.88/SF
Area
Tuscaloosa, AL
Vacancy
9.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,760
Cap Rate 7%
$712,686
Cap Rate 9%
$554,311
Alternative Uses
Best Use
Mixed Use
$712.7K
$623.6K – $831.5K
NOI $49,888 @ 7.0% cap · market cap 3.12%
Second Best
Office B
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.01M
$883.1K – $1.18M
NOI $70,651 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 35406, AL
16,664
Population
8,291
Households
2
Avg Household Size
40
Median Age
68%
College-Educated
97%
High-School Grad
80.9 sq mi
ZIP Area
206
Density / Sq Mi
$118,736
Median Household Income
$68,810
Median Earnings
$1,352
Median Rent
$467,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines ground-floor commercial space with an upper-level residence.
Where is this mixed-use property located?
The property is located at 1340 The Townes Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Ground‑floor retail or commercial space; Upper‑level living area creates a live‑work configuration; Concrete deck provides outdoor space
