Building Details

Year Built 1978

Buildings 1

Listing Agency: REALTYSOUTH-TUSCALOOSA Show Phone

Listed By: Mark Martin · License #45683 Show Phone

Source: Exitrealty

Added: Sep 9 Changed: Oct 25 Last Checked: Oct 16 at 8:26AM

Report an Issue

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 REALTYSOUTH-TUSCALOOSA

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 6,195-square-foot flex building sits on 2.87 acres and retains three large roll-up doors from its earlier truck-service configuration. The improvements were subsequently expanded for restaurant and bar use, with three half baths and two full baths. A two-story section at the east end may provide living quarters, subject to verification.

The property offers 385 feet along US Highway 11 and an additional 398 feet of paved frontage on Ralph Cooley Rd. It is located 4 miles from the Coaling/Cottondale exit, 4 miles from the Brookwood exit, 6 miles from the Mercedes Manufacturing Facility, and 11 miles from the McFarland Blvd. Exit. A surveyor’s drawing is available for a proposed addition of three more buildings and a parking lot.

Key Highlights

• 6,195‑square‑foot building on 2.87 acres
• 385 feet facing US Highway 11
• 398 feet of paved frontage on Ralph Cooley Rd

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,947

Cap Rate

8.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$958,940 $958.9K

Cap Rate 7%

$684,957 $685.0K

Cap Rate 9%

$532,744 $532.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,195 SF

Gross rent

$78.1K $12.60/SF

− Vacancy

−$4.3K −$0.69/SF

EGI

$73.8K $11.91/SF

− OpEx

−$25.8K −$4.17/SF

NOI

$47.9K $7.74/SF

Area

Tuscaloosa County, AL

Vacancy

5.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$958,940

Cap Rate 7%

$684,957

Cap Rate 9%

$532,744

Alternative Uses

Best Use

Specialty Retail

$1.11M

$974.3K – $1.30M (±1% cap)

NOI $77,945 @ 7.0% cap · market cap 13.56%

Second Best

Retail

$993.9K

$869.6K – $1.16M (±1% cap)

NOI $69,570 @ 7.0% cap · market cap 12.10%

Theoretical Best

Office A

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,210 @ 7.0% cap · market cap 18.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Furniture & Home Goods Grocery & Convenience Store Hair Salon (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35453, AL

12,682

Population

5,215

Households

2.4

Avg Household Size

38

Median Age

16%

College-Educated

89%

High-School Grad

90.4 sq mi

ZIP Area

140

Density / Sq Mi

$70,162

Median Household Income

$39,306

Median Earnings

$969

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Flex building combining former truck-service improvements, restaurant and bar space, and a two-story end section.

Where is this flex space located?

The property is located at 15000 HIGHWAY 11 N Coaling, AL.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 6,195‑square‑foot building on 2.87 acres; 385 feet facing US Highway 11; 398 feet of paved frontage on Ralph Cooley Rd