Built in 1866 Office
1902 8th Street Tuscaloosa, AL 35401
New
1902 8th Street, Tuscaloosa, AL, 35401
$825,000
For Sale
$825,000
Historic office building with four offices, a large conference room, and a fully equipped kitchen, plus ample parking.
Property Size3,275 SF
Price / SF$251.91
Days on Market7
Property Features for 1902 8th Street
General Information
- Standard status
- Active
- Size
- 3,275 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1866
Listing Agency
Keller Williams Tuscaloosa
(205) 344-0636
Listed by
Alice Maxwell · License #50524
(205) 344-0636
Source
Exitrealty
Added: Jul 10 Checked: Jul 16 at 5:45 am
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 Keller Williams Tuscaloosa
Investment Insights
Based on property information with market context.
This office building, constructed in 1866, offers a practical layout for business use with four separate offices and a large conference room. A fully equipped kitchen supports everyday operations, and the interior includes two comfortable seating areas that can accommodate informal meetings or brief breaks. Upstairs features two bedrooms and a bathroom, adding flexibility to the property’s existing configuration.
The building is located at 1902 8th Street in Tuscaloosa, described in the remarks as being in the heart of downtown. Parking is a stated strength of the property, with ample space for multiple vehicles intended to reduce reliance on street parking.
Overall, the building is positioned as a ready-to-occupy office option with dedicated meeting space, food service convenience, and parking for employees and visitors.
The building is located at 1902 8th Street in Tuscaloosa, described in the remarks as being in the heart of downtown. Parking is a stated strength of the property, with ample space for multiple vehicles intended to reduce reliance on street parking.
Overall, the building is positioned as a ready-to-occupy office option with dedicated meeting space, food service convenience, and parking for employees and visitors.
Key Highlights
- Historic commercial office building built in 1866
- Configured with 4 separate offices plus a large conference room
- Includes a fully equipped kitchen for office use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $19.80 |
| − Vacancy | −$14.3k | −$4.36 |
| EGI | $50.6k | $15.44 |
| − OpEx | −$12.6k | −$3.86 |
| NOI | $37.9k | $11.58 |
3,275 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$541.9K
$474.2K – $632.2K
NOI $37,934 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.0K
$688.6K – $918.2K
NOI $55,091 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Eric Wilson Law, ...
Law Firm
Burns & Wilson LLC
Law Firm
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FAQs
What type of property is this?
Office building - Historic office building with four offices, a large conference room, and a fully equipped kitchen, plus ample parking.
Where is this office building located?
The property is located at 1902 8th Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Historic commercial office building built in 1866; Configured with 4 separate offices plus a large conference room; Includes a fully equipped kitchen for office use
