Downtown Office
For Sale
$450,000
2915 7th Street, Tuscaloosa, AL 35401
The 1,971-square-foot property offers space for professional office use near downtown businesses and services.
Property Size1,971 SF
Price / SF$228.31
Days on Market11
Property Features for 2915 7th Street
General Information
Standard status
Active
Size
1,971 SF
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,816
Listing Agency:
Keller Williams Tuscaloosa
(205) 759-3400
Listed By:
Angela Hunter
(205) 292-4573
Source:
Exprealty
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 28 at 10:41AM
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 Keller Williams Tuscaloosa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains approximately 1,971 square feet and is suited to professional office use. Its location on 7th Street places it near downtown businesses, services, and local amenities in Tuscaloosa.
Key Highlights
- 1,971 square feet of office space
- Located on 7th Street in Tuscaloosa
- Near downtown businesses, services, and local amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,830
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,600
$456.6K
Cap Rate 7%
$326,143
$326.1K
Cap Rate 9%
$253,667
$253.7K
Market Conditions
NOI Build-Up for 1,971 SF
Gross rent
$39.0K $19.80/SF
− Vacancy
−$8.6K −$4.36/SF
EGI
$30.4K $15.44/SF
− OpEx
−$7.6K −$3.86/SF
NOI
$22.8K $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%
$456,600
Cap Rate 7%
$326,143
Cap Rate 9%
$253,667
Alternative Uses
Best Use
Office B
$326.1K
$285.4K – $380.5K
NOI $22,830 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.6K
$414.4K – $552.6K
NOI $33,155 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The 1,971-square-foot property offers space for professional office use near downtown businesses and services.
Where is this office building located?
The property is located at 2915 7th Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,971 square feet of office space; Located on 7th Street in Tuscaloosa; Near downtown businesses, services, and local amenities
