Office
New
For Sale
$450,000
2915 7th Street, Tuscaloosa, AL 35401
CommercialSale, Tuscaloosa, AL
Property Size1,971 SF
Lot Size0.12 Acres
Price / SF$228.31
Days on Market3
Property Features for 2915 7th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
from downtown take 7th Street across Lurleen Wallace heading west, building will be on the left
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
31-05-22-3-011-004.000
Size
1,971 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
Lot E 1/2 E 1/2 237 In Orig. City Sur. Subd
Tax Annual Amount
2816
Legal Description
Lot E 1/2 E 1/2 237 In Orig. City Sur. Subd
Utilities
Cooling system
Ceiling Fan(s)
Building Details
Year built
1998
Number of units
1
Flooring type
Tile, Wood, Hardwood
Building materials
Concrete, Stucco
Roof type
Metal
Listing Agency:
Keller Williams Tuscaloosa · Keller Williams Realty
(205) 759-3400
Listed By:
Angela Hunter
(205) 292-4573
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 9:06PM
MLS# 178057
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.
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Investment Insights
Based on property information with market context.
This 1,971-square-foot office building occupies a 0.12-acre parcel at 2915 7th Street in Tuscaloosa. Built in 1998, it has concrete and stucco exterior materials, a metal roof, ceiling fans, and hardwood and tile flooring. The property is identified for professional office use and sits near the downtown business district.
Key Highlights
- 1,971‑square‑foot office building on a 0.12‑acre parcel
- Built in 1998 with concrete and stucco exterior materials
- Metal roof and ceiling fans
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.
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The property has hardwood and tile flooring in a compact professional setting.
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‑foot office building on a 0.12‑acre parcel; Built in 1998 with concrete and stucco exterior materials; Metal roof and ceiling fans
