Renovated Mixed-Use Restaurant Office
For Sale
$4,395,000
2330 4th St, Tuscaloosa, AL 35404
Renovated in 2013, the property combines restaurant facilities with executive office suites in a downtown entertainment district.
Property Size21,000 SF
Price / SF$209.29
Days on Market19
Property Features for 2330 4th St
General Information
Standard status
Active
Size
21,000 SF
Additional Details
Office Units
10
Taxes and HOA fees
Annual Taxes
$12,384
Building Details
Year Renovated
2013
Buildings
1
Building Size
21,000 SF
Listing Agency:
Pritchett Moore Real Estate
(205) 292-9771
Listed By:
Steven Deal · License #000093505
(205) 292-9771
Source:
Exprealty
Added: Aug 11
Changed: Aug 25
Last Checked: Aug 28 at 5:10PM
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 Pritchett Moore Real Estate
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.
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 = 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
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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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 St 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
