Mixed-Use Building with Restaurant
For Sale
$4,395,000
2330 4th Street, Tuscaloosa, AL 35401
COMMERCIAL - Other - Tuscaloosa, AL
Property Size21,000 SF
Lot Size0.17 Acres
Price / SF$209.29
Days on Market9
Property Features for 2330 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Elevator
Accessibility
Accessible Elevator Installed
Directions
Corner of Greensboro Ave and 4th St
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
31-05-22-1-109-002.000
Size
21,000 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
12385
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1945
Number of units
3
Flooring type
Concrete
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Steven Deal · License #000093505
(205) 292-9771
Added: Aug 11
Changed: Aug 19
Last Checked: Aug 19 at 6:06PM
MLS# 176834
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.
The Temmerson Building is a 21,000-square-foot mixed-use property combining restaurant and office components. Renovated in 2013, the building includes a restaurant with high ceilings, expansive windows, a large bar, a commercial kitchen, and a 3,000-square-foot mezzanine with a separate bar area. The walk-out basement adds a 4,500-square-foot bar and lounge plus 1,500 square feet of storage serving the main restaurant. An elevator provides access throughout the building, which features brick construction, concrete flooring, central heating and cooling, and a flat roof.
The property occupies the corner of Greensboro Avenue and 4th Street in downtown Tuscaloosa’s entertainment district. The fourth floor contains 10 executive office suites, providing a distinct office component within the larger restaurant-oriented asset.
The property occupies the corner of Greensboro Avenue and 4th Street in downtown Tuscaloosa’s entertainment district. The fourth floor contains 10 executive office suites, providing a distinct office component within the larger restaurant-oriented asset.
Key Highlights
- 21,000 SF mixed‑use building with restaurant and office space
- Renovated in 2013
- Walk‑out basement includes a 4,500 SF bar/lounge and 1,500 SF of 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
$264,222
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
6.01%
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%
$5,284,440
$5.3M
Cap Rate 7%
$3,774,600
$3.8M
Cap Rate 9%
$2,935,800
$2.9M
Market Conditions
NOI Build-Up for 21,000 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
$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 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%
$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
NOI $264,222 @ 7.0% cap · market cap 6.01%
Second Best
Mixed Use
$3.56M
$3.12M – $4.16M
NOI $249,441 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$5.05M
$4.42M – $5.89M
NOI $353,254 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Office units
Multi-tenant
Tenancy
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use asset combines restaurant facilities with executive office suites in downtown Tuscaloosa.
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 mixed‑use building with restaurant and office space; Renovated in 2013; Walk‑out basement includes a 4,500 SF bar/lounge and 1,500 SF of storage
