Mixed-Use Building with Warehouse
For Sale
$799,000
1907 24th Street, Northport, AL 35476
A corner property combines office, warehouse, and retail areas, with part of the office occupied under a short-term lease.
Property Size6,030 SF
Price / SF$132.50
Days on Market81
Property Features for 1907 24th Street
General Information
Standard status
Active
Size
6,030 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Mixed-Use Components
office, warehouse, retail
Additional Details
Tenant in Place
Yes
Property Use
Office, Warehouse, Retail
Taxes and HOA fees
Annual Taxes
$4,891
Building Details
Building Size
6,030 SF
Listing Agency:
Harwood Real Estate LLC
Listed By:
Neal Dichiara · License #AL000135301-0
(205) 292-1346
Source:
Rightspacecre
Added: Aug 12
Changed: Oct 31
Last Checked: Oct 31 at 3:33AM
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 Harwood Real Estate LLC
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Investment Insights
Based on property information with market context.
This 6,030-square-foot mixed-use property brings together office, warehouse, and retail space in one building. Warehouse access and storefront exposure support its varied layout, while a portion of the office is leased on a short-term basis.
The corner building fronts Lurleen B. Wallace Blvd in Northport and is located at 1907 24th Street.
The corner building fronts Lurleen B. Wallace Blvd in Northport and is located at 1907 24th Street.
Key Highlights
- 6,030‑square‑foot mixed‑use building
- Office, warehouse, and retail space within one property
- Warehouse access and storefront exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,625
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,500
$1.4M
Cap Rate 7%
$1,023,214
$1.0M
Cap Rate 9%
$795,833
$795.8K
Market Conditions
NOI Build-Up for 6,030 SF
Gross rent
$126.6K $21.00/SF
− Vacancy
−$12.0K −$2.00/SF
EGI
$114.6K $19.01/SF
− OpEx
−$43.0K −$7.13/SF
NOI
$71.6K $11.88/SF
Area
Tuscaloosa County, 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 Rate 5%
$1,432,500
Cap Rate 7%
$1,023,214
Cap Rate 9%
$795,833
Alternative Uses
Best Use
Mixed Use
$1.02M
$895.3K – $1.19M
NOI $71,625 @ 7.0% cap · market cap 8.96%
Second Best
Office B
$997.8K
$873.1K – $1.16M
NOI $69,845 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,434 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
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Business Placement
Demographics for 35476, AL
8,697
Population
3,597
Households
2.4
Avg Household Size
36
Median Age
23%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
1,260
Density / Sq Mi
$59,545
Median Household Income
$37,304
Median Earnings
$940
Median Rent
$196,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A corner property combines office, warehouse, and retail areas, with part of the office occupied under a short-term lease.
Where is this mixed-use property located?
The property is located at 1907 24th Street Northport, AL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 6,030‑square‑foot mixed‑use building; Office, warehouse, and retail space within one property; Warehouse access and storefront exposure
