Multi-Entranced Office
2902 7th St Tuscaloosa, AL 35401
For Sale
$859,000
Pending
Office building with 11 parking spaces, multiple entrances, and both main-level and upstairs office suites.
Property Size3,230 SF
Days on Market155
Property Features for 2902 7th St
General Information
- Standard status
- Pending
- Size
- 3,230 SF
Listing Agency:
Harwood Real Estate LLC
(205) 393-5809
Listed By:
Brittney Marcum
(205) 393-5809
Source:
Exprealty
Added: Feb 18
Changed: Jul 22
Last Checked: Jul 23 at 3:42PM
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
Investment Insights
Based on property information with market context.
This commercial office building features 11 parking spaces, including handicap parking with a ramp, and a wrap-around front porch. Inside, the main level includes a lobby, five offices, a break room, and three restrooms. The upstairs level offers two additional office spaces with closets, plus two walk-in storage rooms and a full bathroom on the stairs landing.
The property has multiple entrances, allowing for flexibility if you prefer to rent offices separately. New HVAC was added upstairs, with mini splits in most rooms for individualized temperature control. Additional greenspace is also included, described as suitable for a personal retreat or for events.
Address: 2902 7th St, Tuscaloosa, AL. Note: Public remarks indicate the property was sold before published.
The property has multiple entrances, allowing for flexibility if you prefer to rent offices separately. New HVAC was added upstairs, with mini splits in most rooms for individualized temperature control. Additional greenspace is also included, described as suitable for a personal retreat or for events.
Address: 2902 7th St, Tuscaloosa, AL. Note: Public remarks indicate the property was sold before published.
Key Highlights
- Commercial office building with 11 parking spaces, including handicap parking with a ramp
- Flexible layout with multiple entrances, including the ability to rent offices out
- Main level features lobby, 5 offices, break room, and 3 restrooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $19.80 |
| − Vacancy | −$14.1k | −$4.36 |
| EGI | $49.9k | $15.44 |
| − OpEx | −$12.5k | −$3.86 |
| NOI | $37.4k | $11.58 |
3,230 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$534.5K
$467.7K – $623.6K
NOI $37,413 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$776.2K
$679.2K – $905.6K
NOI $54,334 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Livingston Law, LLC
Law Firm
The Capitol School Nursery
High School
Family Solutions
Social Service Agency
Dr. Kathleen Ronan
Physician
FAQs
What type of property is this?
Office building - Office building with 11 parking spaces, multiple entrances, and both main-level and upstairs office suites.
Where is this office building located?
The property is located at 2902 7th St Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Commercial office building with 11 parking spaces, including handicap parking with a ramp; Flexible layout with multiple entrances, including the ability to rent offices out; Main level features lobby, 5 offices, break room, and 3 restrooms
