Renovated Three-Bay Flex
For Sale
$499,900
2837 Culver Road, Tuscaloosa, AL 35401
Office and warehouse areas share a recently updated commercial building.
Property Size2,910 SF
Price / SF$171.79
Days on Market26
Property Features for 2837 Culver Road
General Information
Standard status
Active
Size
2,910 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$2,042
Listing Agency:
Pritchett Moore Real Estate
(205) 657-3336
Listed By:
Haynes Waldo
(205) 657-3336
Source:
Exitrealty
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 29 at 6:21AM
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 2,910 SF flex property combines professional office space at the front with warehouse capacity toward the rear. The building includes three bays with new roll-up doors, supporting a practical layout for office and storage functions under one roof.
Recent improvements completed within the last two years include a new roof, HVAC system, electrical updates, lighting, interior paint, epoxy-coated warehouse floors, and fencing. The property is located at 2837 Culver Rd in Tuscaloosa, with access to major local corridors.
Recent improvements completed within the last two years include a new roof, HVAC system, electrical updates, lighting, interior paint, epoxy-coated warehouse floors, and fencing. The property is located at 2837 Culver Rd in Tuscaloosa, with access to major local corridors.
Key Highlights
- 2,910 SF flex property at 2837 Culver Rd, Tuscaloosa, AL
- Front office area paired with rear warehouse space
- Three bays equipped with brand‑new roll‑up doors
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
$33,707
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
6.74%
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%
$674,140
$674.1K
Cap Rate 7%
$481,529
$481.5K
Cap Rate 9%
$374,522
$374.5K
Market Conditions
NOI Build-Up for 2,910 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
$57.6K $19.80/SF
− Vacancy
−$12.7K −$4.36/SF
EGI
$44.9K $15.44/SF
− OpEx
−$11.2K −$3.86/SF
NOI
$33.7K $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 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%
$674,140
Cap Rate 7%
$481,529
Cap Rate 9%
$374,522
Alternative Uses
Best Use
Office B
$481.5K
$421.3K – $561.8K
NOI $33,707 @ 7.0% cap · market cap 6.74%
Second Best
Flex RnD
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$699.3K
$611.9K – $815.9K
NOI $48,951 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas share a recently updated commercial building.
Where is this flex space located?
The property is located at 2837 Culver Road Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,910 SF flex property at 2837 Culver Rd, Tuscaloosa, AL; Front office area paired with rear warehouse space; Three bays equipped with brand‑new roll‑up doors
