Warehouse with Fenced Laydown
For Sale
$599,000
1a-912 29th Ave, Tuscaloosa, AL 35404
Vacant warehouse with open floor area, at-grade loading, and a fenced laydown area.
Property Size4,490 SF
Price / SF$133.41
Days on Market40
Property Features for 1a-912 29th Ave
General Information
Standard status
Active
Size
4,490 SF
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
4,490 SF
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,169
Building Details
Building Size
4,490 SF
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Richard Harwood · License #118535018
(205) 799-2210
Source:
Exprealty
Added: Aug 6
Changed: Sep 6
Last Checked: Sep 13 at 3:35PM
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
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.
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 = 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
$27,202
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
4.54%
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%
$544,040
$544.0K
Cap Rate 7%
$388,600
$388.6K
Cap Rate 9%
$302,244
$302.2K
Market Conditions
NOI Build-Up for 4,490 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
$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 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%
$544,040
Cap Rate 7%
$388,600
Cap Rate 9%
$302,244
Alternative Uses
Best Use
Warehouse
$388.6K
$340.0K – $453.4K
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
NOI $75,529 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
