Renovated Flex
For Sale
$449,900
2837 Culver Road, Tuscaloosa, AL 35401
CommercialSale, Tuscaloosa, AL
Property Size2,910 SF
Lot Size0.63 Acres
Price / SF$154.60
Days on Market47
Property Features for 2837 Culver Road
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Exterior features
SecurityLighting
Directions
Take 15th St. West until it becomes Stillman Blvd. Stillman will become Highway 11 and property will be on the left just before 29th St.
Subdivision
(04) West Tuscaloosa City
Standard status
Active
APN
31-09-29-3-001-006.001
Size
2,910 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Description
Com Se Cor Sw1/4 S29 T21s R10w Th N 50(S); W 210(S) To Pob Th Ne 144.9; Nw 140; Sw 239.8; E 169.2 To Pob
Tax Annual Amount
1862
Legal Description
Com Se Cor Sw1/4 S29 T21s R10w Th N 50(S); W 210(S) To Pob Th Ne 144.9; Nw 140; Sw 239.8; E 169.2 To Pob
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Number of units
1
Building materials
Block, MetalSiding
Roof type
Metal
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Haynes Waldo
(205) 657-3336
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 29 at 11:06AM
MLS# 176328
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 2,910-square-foot flex property combines professional office space at the front with warehouse storage behind it. The building includes 3 bays with brand-new roll-up doors and sits on 0.63 acres. Recent improvements completed within the last two years include a new metal roof, HVAC system, electrical work, lighting, interior paint, epoxy-coated warehouse floors, and fencing.
Located at 2837 Culver Road in Tuscaloosa, the property offers access to major local corridors. Construction includes block and metal siding, with central air conditioning, central electric heat, and security lighting. The configuration is suited to contractors, service businesses, distribution operations, or an owner-user seeking office and storage in one facility.
Located at 2837 Culver Road in Tuscaloosa, the property offers access to major local corridors. Construction includes block and metal siding, with central air conditioning, central electric heat, and security lighting. The configuration is suited to contractors, service businesses, distribution operations, or an owner-user seeking office and storage in one facility.
Key Highlights
- 2,910‑square‑foot flex building on 0.63 acres
- 3 warehouse bays with brand‑new roll‑up doors
- Office area positioned at the front with warehouse storage in back
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
7.49%
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 7.49%
Second Best
Flex RnD
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$699.3K
$611.9K – $815.9K
NOI $48,951 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Front office space connects to rear warehouse storage with three bays and new roll-up doors.
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 $449,900.
What are key features of this property?
This property features: 2,910‑square‑foot flex building on 0.63 acres; 3 warehouse bays with brand‑new roll‑up doors; Office area positioned at the front with warehouse storage in back
