Five-Room Storefront
New
For Sale
$410,000
2509 Lurleen B Wallace Boulevard, Northport, AL 35476
Reception space, a break room, storage, and an accessible restroom support a flexible commercial layout.
Property Size1,128 SF
Price / SF$363.48
Days on Market7
Property Features for 2509 Lurleen B Wallace Boulevard
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Commercial
Amenities
five private rooms/offices
front reception area with built-in desk and cabinetry
break room
handicap-accessible restroom
storage
dedicated on-site parking lot
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Pritchett Moore Real Estate
Listed By:
Jessica Leopard Johnson · License #118594500
(205) 242-8060
Source:
Alicemaxwell
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 5:02PM
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.
This 1,128 SF storefront in Northport contains five private rooms or offices, a reception area with a built-in desk and cabinetry, a break room, storage, and a handicap-accessible restroom. A dedicated parking lot serves the property. The current occupant is Cynical Tattoos.
The building sits along a major commercial corridor, with Downtown Northport, Downtown Tuscaloosa, The University of Alabama, Tuscaloosa National Airport, major roadways, and nearby retail and commercial areas identified in the surrounding area. Potential uses include professional office, retail, salon or studio, and service businesses, subject to zoning.
The building sits along a major commercial corridor, with Downtown Northport, Downtown Tuscaloosa, The University of Alabama, Tuscaloosa National Airport, major roadways, and nearby retail and commercial areas identified in the surrounding area. Potential uses include professional office, retail, salon or studio, and service businesses, subject to zoning.
Key Highlights
- 1,128 SF storefront building
- Five private rooms or offices
- Reception area includes built‑in desk and cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,667
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,340
$253.3K
Cap Rate 7%
$180,957
$181.0K
Cap Rate 9%
$140,744
$140.7K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$19.6K $17.40/SF
− Vacancy
−$1.5K −$1.36/SF
EGI
$18.1K $16.04/SF
− OpEx
−$5.4K −$4.81/SF
NOI
$12.7K $11.23/SF
Area
Tuscaloosa County, AL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,340
Cap Rate 7%
$180,957
Cap Rate 9%
$140,744
Alternative Uses
Best Use
Retail
$181.0K
$158.3K – $211.1K
NOI $12,667 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.1K
$237.2K – $316.3K
NOI $18,975 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
190k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 28%
Dining 20%
Home Improvements & Furnishings 8%
Walmart Neighborhood Market
Groceries
56,054 visits/mo
0.5 miles
Piggly Wiggly
Groceries
15,833 visits/mo
0.3 miles
Circle K
Shops & Services
15,342 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
14,937 visits/mo
0.5 miles
Dollar General
Shops & Services
11,623 visits/mo
0.4 miles
Demographics for 35476, AL
8,697
Population
3,597
Households
2.4
Avg Household Size
36
Median Age
23%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
1,260
Density / Sq Mi
$59,545
Median Household Income
$37,304
Median Earnings
$940
Median Rent
$196,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Stems — 2210 9th Ave, Northport, AL 35476
Frequently Asked Questions
What type of property is this?
Storefront property - Reception space, a break room, storage, and an accessible restroom support a flexible commercial layout.
Where is this storefront property located?
The property is located at 2509 Lurleen B Wallace Boulevard Northport, AL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1,128 SF storefront building; Five private rooms or offices; Reception area includes built‑in desk and cabinetry
