Office Building with
For Sale
$1,290,000
2625 University Blvd, Tuscaloosa, AL 35401
Office property with multiple bathrooms, six fireplaces, a rear porch, and an iron perimeter fence.
Property Size3,482 SF
Price / SF$370.48
Days on Market54
Property Features for 2625 University Blvd
General Information
Standard status
Active
Size
3,482 SF
Property subtype
Commercial
Amenities
bathrooms
original doors
iron fence
fireplaces
porch
Listing Agency:
Harwood Real Estate LLC
Listed By:
Richard Harwood · License #118535018
(205) 799-2210
Source:
Alicemaxwell
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 28 at 5:38AM
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 Harwood Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building at 2625 University Blvd includes four bathrooms, original doors, six fireplaces, and a porch at the rear. An iron fence was added in 2012, providing a defined perimeter around the property.
The property size is 3,482, and the office is offered in its current condition. The seller will not provide an inspection.
The property size is 3,482, and the office is offered in its current condition. The seller will not provide an inspection.
Key Highlights
- Six fireplaces throughout the office building
- Four bathrooms included
- Rear porch at the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,332
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,640
$806.6K
Cap Rate 7%
$576,171
$576.2K
Cap Rate 9%
$448,133
$448.1K
Market Conditions
NOI Build-Up for 3,482 SF
Gross rent
$68.9K $19.80/SF
− Vacancy
−$15.2K −$4.36/SF
EGI
$53.8K $15.44/SF
− OpEx
−$13.4K −$3.86/SF
NOI
$40.3K $11.58/SF
Area
Tuscaloosa, AL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,640
Cap Rate 7%
$576,171
Cap Rate 9%
$448,133
Alternative Uses
Best Use
Office B
$576.2K
$504.2K – $672.2K
NOI $40,332 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.8K
$732.2K – $976.2K
NOI $58,573 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with multiple bathrooms, six fireplaces, a rear porch, and an iron perimeter fence.
Where is this office building located?
The property is located at 2625 University Blvd Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Six fireplaces throughout the office building; Four bathrooms included; Rear porch at the property
