Mixed-Use Building with
For Sale
$1,599,000
1340 The Townes, Tuscaloosa, AL 35406
COMMERCIAL - Other - Tuscaloosa, AL
Property Size4,200 SF
Lot Size1.08 Acres
Price / SF$380.71
Days on Market138
Property Features for 1340 The Townes
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Covered
Directions
From Greensboro Avenue, head northwest toward Lurleen B. Wallace Blvd. Turn right onto Lurleen B. Wallace N US-43 N. Continue north, then turn right onto Rice Mine Road NE, follow this road until you reach the entrance of The Townes.
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
21-09-31-2-001-002.001
Size
4,200 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Description
Lot 211R Townes Of North River Res Lots 211-212
Tax Annual Amount
11321
Legal Description
Lot 211R Townes Of North River Res Lots 211-212
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
concrete deck
covered rear parking
Building Details
Number of units
1
Flooring type
Hardwood, Wood
Building materials
Brick
Architectural style
Other
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Richard Harwood
(205) 799-2210
Added: Apr 1
Changed: Aug 15
Last Checked: Aug 16 at 6:06AM
MLS# 176928
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.
Located at 1340 The Townes in Tuscaloosa, Alabama, this 4,200-square-foot mixed-use property places commercial functionality and living space within the same building. The ground level is configured for retail or other commercial use, while the upper floor provides a substantial living area. Brick construction, hardwood and wood flooring, central air, and electric central heating are among the existing building features.
The property occupies 1.08 acres and includes a spacious concrete deck along with covered parking at the rear. Its live-work arrangement supports multiple ways to use the commercial and residential components while maintaining a distinct separation between the two levels.
The property occupies 1.08 acres and includes a spacious concrete deck along with covered parking at the rear. Its live-work arrangement supports multiple ways to use the commercial and residential components while maintaining a distinct separation between the two levels.
Key Highlights
- 4,200‑square‑foot mixed‑use building on 1.08 acres
- Ground‑floor retail or commercial space
- Upper‑level living area
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
$49,888
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
3.12%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
140
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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-floor living area.
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: 4,200‑square‑foot mixed‑use building on 1.08 acres; Ground‑floor retail or commercial space; Upper‑level living area
