Office Building with
For Sale
$775,000
1902 8th Street, Tuscaloosa, AL 35401
CommercialSale, Tuscaloosa, AL
Property Size3,275 SF
Lot Size0.20 Acres
Price / SF$236.64
Days on Market94
Property Features for 1902 8th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Exterior features
Landscaping
Directions
On the corner of 8th Street and Queen City Ave.
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
31-05-22-1-112-023.000
Size
3,275 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
Lot Pt 278 In Orig City Sur Subd Desc. As: Beg. At S.E. Cor. Of Lot 278, McCalla St. Center Sur. Of 1891, N. 138' (S) With 19th Ave., W. 55 (S)', S. 28. (S)', W. 9' (S), S. 108. (S)' To 8th St., E. 63' (S) With St. To P.O.B.
Tax Annual Amount
3404
Legal Description
Lot Pt 278 In Orig City Sur Subd Desc. As: Beg. At S.E. Cor. Of Lot 278, McCalla St. Center Sur. Of 1891, N. 138' (S) With 19th Ave., W. 55 (S)', S. 28. (S)', W. 9' (S), S. 108. (S)' To 8th St., E. 63' (S) With St. To P.O.B.
Utilities
Cooling system
Central Air
Building Details
Year built
1866
Number of units
1
Flooring type
Wood, Carpet, Hardwood
Building materials
VinylSiding
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Keller Williams Tuscaloosa · Keller Williams Realty
(205) 759-3400
Listed By:
Alice Maxwell · License #050524000
(205) 344-0636
Added: Jul 8
Changed: Oct 8
Last Checked: Oct 9 at 11:06PM
MLS# 176228
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.
This 3,275-square-foot office property dates to 1866 and offers a multi-room configuration for business use. The main level includes four separate offices, a large conference room, a fully equipped kitchen, and two seating areas. The upper level adds two bedrooms and a bathroom. Interior finishes include carpet, hardwood, and wood flooring, with central air conditioning throughout. Vinyl siding and a composition shingle roof complete the exterior improvements.
The property occupies 0.2 acres at 1902 8th Street in Tuscaloosa, Alabama, within the downtown area. On-site parking accommodates multiple vehicles, while landscaped grounds provide additional exterior enhancement. The building is offered for sale and combines dedicated office rooms with meeting, kitchen, seating, and upstairs residential-style spaces.
The property occupies 0.2 acres at 1902 8th Street in Tuscaloosa, Alabama, within the downtown area. On-site parking accommodates multiple vehicles, while landscaped grounds provide additional exterior enhancement. The building is offered for sale and combines dedicated office rooms with meeting, kitchen, seating, and upstairs residential-style spaces.
Key Highlights
- 3,275‑square‑foot office building on 0.2 acres
- Built in 1866 with vinyl siding and a composition shingle roof
- Four separate offices and a large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,934
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,680
$758.7K
Cap Rate 7%
$541,914
$541.9K
Cap Rate 9%
$421,489
$421.5K
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$64.8K $19.80/SF
− Vacancy
−$14.3K −$4.36/SF
EGI
$50.6K $15.44/SF
− OpEx
−$12.6K −$3.86/SF
NOI
$37.9K $11.58/SF
Area
Tuscaloosa, AL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,680
Cap Rate 7%
$541,914
Cap Rate 9%
$421,489
Alternative Uses
Best Use
Office B
$541.9K
$474.2K – $632.2K
NOI $37,934 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.0K
$688.6K – $918.2K
NOI $55,091 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,819
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
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?
Office building - Four offices, a conference room, kitchen, and upstairs rooms provide a flexible business layout.
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 $775,000.
What are key features of this property?
This property features: 3,275‑square‑foot office building on 0.2 acres; Built in 1866 with vinyl siding and a composition shingle roof; Four separate offices and a large conference room
