Building Details

Building Size 4,490 SF

Listing Agency: Harwood Real Estate LLC k**@harwoodrealestate.com Show Phone

Listed By: Richard Harwood · License #118535018 Show Phone

Source: Exprealty

Added: Aug 6 Changed: Oct 8 Last Checked: Oct 16 at 2:54PM

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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 vacant warehouse contains +/- 4,490 SF with an open interior layout that can accommodate storage, light industrial, or distribution operations. Eave heights are approximately 24', and at-grade loading is provided through a roll-up door. A fenced laydown area adds secured exterior space for property-related activities.

The building is located at 1a-912 29th Ave in downtown Tuscaloosa, Alabama. Immediate occupancy is available, allowing an owner-user or investor to begin using the property without an existing tenant in place. The flexible interior can be adapted to business requirements.

Key Highlights

• +/- 4,490 SF warehouse
• Approximately 24' eave heights
• At‑grade loading with a roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,202

Cap Rate

4.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,040 $544.0K

Cap Rate 7%

$388,600 $388.6K

Cap Rate 9%

$302,244 $302.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,490 SF

Gross rent

$33.4K $7.44/SF

− Vacancy

−$1.4K −$0.31/SF

EGI

$32.0K $7.13/SF

− OpEx

−$4.8K −$1.07/SF

NOI

$27.2K $6.06/SF

Area

Tuscaloosa, AL

Vacancy

4.20%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,040

Cap Rate 7%

$388,600

Cap Rate 9%

$302,244

Alternative Uses

Best Use

Warehouse

$388.6K

$340.0K – $453.4K (±1% cap)

NOI $27,202 @ 7.0% cap · market cap 4.54%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.08M

$944.1K – $1.26M (±1% cap)

NOI $75,529 @ 7.0% cap · market cap 12.61%

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

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Dental Office Law Firm Building Supply Real Estate Agency Electrical Service Parking Lot & Garage

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

1

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 35404, AL

20,982

Population

11,427

Households

1.8

Avg Household Size

30

Median Age

27%

College-Educated

89%

High-School Grad

16.6 sq mi

ZIP Area

1,264

Density / Sq Mi

$45,521

Median Household Income

$25,035

Median Earnings

$986

Median Rent

$175,700

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

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Warehouse with Fenced Laydown Area

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Similar Off Market Nearby

• Kicker Road Self Storage — 916 Kicker Rd, Tuscaloosa, AL 35404
• AMT Mini Storage — 481 Crescent Ln, Tuscaloosa, AL 35404

Frequently Asked Questions

What type of property is this?

Warehouse - Vacant warehouse with open floor area, at-grade loading, and a fenced laydown area.

Where is this warehouse located?

The property is located at 1a-912 29th Ave Tuscaloosa, AL.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: +/- 4,490 SF warehouse; Approximately 24' eave heights; At‑grade loading with a roll‑up door