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 8 Changed: Sep 9 Last Checked: Sep 9 at 3:24PM

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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 = 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

$47,947

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

8.34%

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%

$958,940 $958.9K

Cap Rate 7%

$684,957 $685.0K

Cap Rate 9%

$532,744 $532.7K

Market Conditions

NOI Build-Up for 6,195 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

$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 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%

$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.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Hair Salon Furniture & Home Goods Grocery & Convenience Store (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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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