GC-Zoned Commercial
For Sale
$399,000
2615 McFarland Boulevard, Tuscaloosa, AL 35405
COMMERCIAL - Tuscaloosa, AL
Property Size1,455 SF
Lot Size0.25 Acres
Price / SF$274.23
Days on Market313
Property Features for 2615 McFarland Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From McFarland and Hargrove intersection head S 650' and the property is on your right
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
30-09-30-3-004-111.000
Size
1,455 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
All The E 159'S Of Lot 8 All- Bright Road Addn. Pb.6 Pg.8
Tax Annual Amount
1774
Legal Description
All The E 159'S Of Lot 8 All- Bright Road Addn. Pb.6 Pg.8
Building Details
Year built
1939
Number of units
1
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Steven Deal · License #000093505
(205) 292-9771
Added: Oct 16, 2025
Changed: Aug 19
Last Checked: Aug 24 at 7:06PM
MLS# 171550
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 0.25+/- acre commercial property includes a 1,455 SF building constructed in 1939. The existing structure was formerly used as an eye doctor's office and may support office, retail, or service applications. The site can also be considered for redevelopment as a commercial lot.
Located on McFarland Boulevard near Hargrove Road, the property offers convenient access and exposure to approximately 48,860 vehicles per day. Parking is available on site, and the surrounding commercial setting includes retailers, restaurants, and auto service businesses. The property is zoned GC, or General Commercial, and is available for sale or lease.
Located on McFarland Boulevard near Hargrove Road, the property offers convenient access and exposure to approximately 48,860 vehicles per day. Parking is available on site, and the surrounding commercial setting includes retailers, restaurants, and auto service businesses. The property is zoned GC, or General Commercial, and is available for sale or lease.
Key Highlights
- 0.25+/- acre commercial site
- 1,455 SF building constructed in 1939
- GC (General Commercial) zoning
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
$19,485
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
4.88%
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%
$389,700
$389.7K
Cap Rate 7%
$278,357
$278.4K
Cap Rate 9%
$216,500
$216.5K
Market Conditions
NOI Build-Up for 1,455 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
$34.9K $24.00/SF
− Vacancy
−$2.4K −$1.68/SF
EGI
$32.5K $22.32/SF
− OpEx
−$13.0K −$8.93/SF
NOI
$19.5K $13.39/SF
Area
Tuscaloosa, AL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$389,700
Cap Rate 7%
$278,357
Cap Rate 9%
$216,500
Alternative Uses
Best Use
Healthcare Medical
$278.4K
$243.6K – $324.8K
NOI $19,485 @ 7.0% cap · market cap 4.88%
Second Best
Office B
$240.8K
$210.7K – $280.9K
NOI $16,853 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$349.6K
$305.9K – $407.9K
NOI $24,475 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 35405, AL
45,155
Population
22,260
Households
2
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
52.9 sq mi
ZIP Area
854
Density / Sq Mi
$61,371
Median Household Income
$39,077
Median Earnings
$1,057
Median Rent
$224,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial site with an existing building, on-site parking, and access from McFarland Boulevard.
Where is this commercial land located?
The property is located at 2615 McFarland Boulevard Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 0.25+/- acre commercial site; 1,455 SF building constructed in 1939; GC (General Commercial) zoning
