Office-Configured
New
For Sale
$410,000
2509 Lurleen B Wallace Boulevard, Northport, AL 35476
CommercialSale, Northport, AL
Property Size1,128 SF
Lot Size0.11 Acres
Price / SF$363.48
Days on Market6
Property Features for 2509 Lurleen B Wallace Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Downtown Tuscaloosa, head north on Lurleen B Wallace Blvd. The property will be on your right, before you reach US 82.
Subdivision
(06) Northport City
Standard status
Active
APN
31-02-10-3-015-005.000
Size
1,128 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
Lot 4 Blk 6 Kennedy Addition To Northport
Tax Annual Amount
1071
Legal Description
Lot 4 Blk 6 Kennedy Addition To Northport
Utilities
Heating system
Electric (Heating), Central, Natural Gas
Cooling system
Central Air
Amenities
five private rooms/offices
front reception area with a built-in desk and cabinetry
break room
handicap-accessible restroom
storage
dedicated on-site parking lot
Building Details
Year built
1978
Number of units
1
Flooring type
Concrete
Building materials
Block
Roof type
Flat
Architectural style
Other
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
JESSICA LEOPARD JOHNSON
(205) 242-8060
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 11 at 11:06PM
MLS# 177797
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 1,128-square-foot storefront on a 0.11-acre parcel has five private rooms or offices, a front reception area with built-in desk and cabinetry, a break room, storage, and a handicap-accessible restroom. The block building, constructed in 1978, also has concrete flooring, central air, and central electric and natural gas heating. On-site parking is provided by a dedicated lot.
The property is on Lurleen B Wallace Boulevard in Northport, with access to Downtown Northport, Downtown Tuscaloosa, The University of Alabama, Tuscaloosa National Airport, and nearby retail and commercial areas. Potential uses identified for the layout include office, retail, salon or studio, and service businesses, subject to zoning.
The property is on Lurleen B Wallace Boulevard in Northport, with access to Downtown Northport, Downtown Tuscaloosa, The University of Alabama, Tuscaloosa National Airport, and nearby retail and commercial areas. Potential uses identified for the layout include office, retail, salon or studio, and service businesses, subject to zoning.
Key Highlights
- 1,128‑square‑foot building on a 0.11‑acre parcel
- Five private rooms or offices, plus a front reception area
- 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.
Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
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
View Realmo Analytics
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 - Five private rooms and a dedicated parking lot support a range of commercial layouts.
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‑square‑foot building on a 0.11‑acre parcel; Five private rooms or offices, plus a front reception area; Reception area includes built‑in desk and cabinetry
