Flex Space with Fenced
For Sale
$575,000
Pending
2300 2nd Avenue E, Tuscaloosa, AL 35401
COMMERCIAL - Tuscaloosa, AL
Property Size5,936 SF
Lot Size0.41 Acres
Days on Market474
Property Features for 2300 2nd Avenue E
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From 15th St. Turn onto Hackberry Lane. Continue to Hargrove Rd. and property is on the right.
Subdivision
(02) Central Tuscaloosa City
Standard status
Pending
APN
31-07-25-3-011-001.000
Size
5,936 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
Lot Pt. 8 In A. P. Lee Subd Desc. As: Beg. Ne Cor Lot #8 A. P. Lee Sub 3/95 Facing Hargrove Rd Th. Nw With Rd. 42', Th. Sw 99.1', Th. Sw 20.1', Th. Se 87.4', Th. Ne 93', To 2nd Ave. E. Th. N With Ave 172' To P.O.B.
Tax Annual Amount
4431
Legal Description
Lot Pt. 8 In A. P. Lee Subd Desc. As: Beg. Ne Cor Lot #8 A. P. Lee Sub 3/95 Facing Hargrove Rd Th. Nw With Rd. 42', Th. Sw 99.1', Th. Sw 20.1', Th. Se 87.4', Th. Ne 93', To 2nd Ave. E. Th. N With Ave 172' To P.O.B.
Building Details
Number of units
1
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Richard Harwood · License #118535018
(205) 799-2210
Added: May 13, 2025
Changed: Aug 19
Last Checked: Aug 29 at 3:06PM
MLS# 168731
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 5,936-square-foot flex property combines office areas with warehouse storage and a fenced yard. The configuration supports a range of commercial operations requiring both indoor workspace and secured exterior space.
The property occupies 0.41 acres at 2300 2nd Avenue E in Tuscaloosa, Alabama. Its combination of office, warehouse, and yard components provides a practical footprint for an owner-user or business seeking a consolidated commercial facility.
The property occupies 0.41 acres at 2300 2nd Avenue E in Tuscaloosa, Alabama. Its combination of office, warehouse, and yard components provides a practical footprint for an owner-user or business seeking a consolidated commercial facility.
Key Highlights
- 5,936 square feet of flex space
- 0.41‑acre commercial property
- Office areas paired with warehouse storage
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
$45,942
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
7.99%
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%
$918,840
$918.8K
Cap Rate 7%
$656,314
$656.3K
Cap Rate 9%
$510,467
$510.5K
Market Conditions
NOI Build-Up for 5,936 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
$74.8K $12.60/SF
− Vacancy
−$4.1K −$0.69/SF
EGI
$70.7K $11.91/SF
− OpEx
−$24.7K −$4.17/SF
NOI
$45.9K $7.74/SF
Area
Tuscaloosa, AL
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
35.00%
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%
$918,840
Cap Rate 7%
$656,314
Cap Rate 9%
$510,467
Alternative Uses
Best Use
Office B
$982.2K
$859.5K – $1.15M
NOI $68,757 @ 7.0% cap · market cap 11.96%
Second Best
Flex RnD
$656.3K
$574.3K – $765.7K
NOI $45,942 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,853 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combining office areas, warehouse storage, and secured outdoor space.
Where is this flex space located?
The property is located at 2300 2nd Avenue E Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 5,936 square feet of flex space; 0.41‑acre commercial property; Office areas paired with warehouse storage
