Building Details

Year Built 1945

Year Renovated 2013

Buildings 1

Building Size 21,000 SF

Listing Agency: Pritchett Moore Real Estate

Listed By: Steven Deal · License #118593505 Show Phone

Source: Alicemaxwell

Added: Aug 20 Changed: Oct 12 Last Checked: Oct 24 at 2:14PM

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Investment Insights

Based on property information with market context.

Renovated in 2013, the Temmerson Building contains 21,000 SF of combined office and restaurant space. The walk-out basement includes a 4,500 SF bar and lounge area plus 1,500 SF of storage serving the restaurant above. Restaurant improvements include high ceilings, expansive windows, a large bar, a commercial kitchen, and a 3,000 SF mezzanine with a separate bar. The building offers a 6,000 SF footprint on each floor.

Positioned at the corner of Greensboro Ave and 4th St in downtown Tuscaloosa’s entertainment district, the property overlooks downtown. The 4th floor contains 10 executive office suites, which are fully leased. The layout combines hospitality, office, storage, and lounge components within a renovated mixed-use building.

Key Highlights

• 21, 000 sf of office and restaurant space
• Renovated in 2013
• Walk‑out basement with 4500 sf bar/lounge and 1500 sf storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$264,222

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,284,440 $5.3M

Cap Rate 7%

$3,774,600 $3.8M

Cap Rate 9%

$2,935,800 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 21,000 SF

Gross rent

$378.0K $18.00/SF

− Vacancy

−$25.7K −$1.22/SF

EGI

$352.3K $16.78/SF

− OpEx

−$88.1K −$4.19/SF

NOI

$264.2K $12.58/SF

Area

Tuscaloosa, AL

Vacancy

6.80%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,284,440

Cap Rate 7%

$3,774,600

Cap Rate 9%

$2,935,800

Alternative Uses

Best Use

Specialty Retail

$3.77M

$3.30M – $4.40M (±1% cap)

NOI $264,222 @ 7.0% cap · market cap 6.01%

Second Best

Mixed Use

$3.56M

$3.12M – $4.16M (±1% cap)

NOI $249,441 @ 7.0% cap · market cap 5.68%

Theoretical Best

Office A

$5.05M

$4.42M – $5.89M (±1% cap)

NOI $353,254 @ 7.0% cap · market cap 8.04%

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

Property Analytics

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Open Analytics

Current Use

Level 1 Events Hotel & Motel Warrior CPR and First ... Training Center King Therapy, LLC Psychotherapist Dillard's Chophouse Restaurant

Suggested Use

Top Pick Dental Office Storage Facility Locksmith Butcher Home Appliance Store Pet Store

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

10

Office units

Location Intelligence

Trade Area within ½ mile

1,588

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Renovated in 2013, the property combines restaurant facilities with executive office suites in a downtown entertainment district.

Where is this mixed-use property located?

The property is located at 2330 4th Street Tuscaloosa, AL.

What is the asking price?

The asking price for this property is $4,395,000.

What are key features of this property?

This property features: 21, 000 sf of office and restaurant space; Renovated in 2013; Walk‑out basement with 4500 sf bar/lounge and 1500 sf storage