Renovated Office
For Sale
$364,900
2915 Main Avenue, Northport, AL 35476
Three offices, two restrooms, a rear kitchen, and on-site parking provide a functional commercial layout.
Property Size2,488 SF
Lot Size0.60 Acres
Price / SF$146.66
Days on Market47
Property Features for 2915 Main Avenue
General Information
Standard status
Active
Size
2,488 SF
Lot size
0.60 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
full kitchen
Listing Agency:
Pritchett Moore Real Estate
Listed By:
Jonathan Mckinney · License #118568160
(205) 792-7977
Source:
Thegraygroupal
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 5:56PM
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
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Investment Insights
Based on property information with market context.
Renovated office property on a 0.60-acre parcel at 2915 Main Avenue in Northport. The interior opens to a reception area and includes three offices, two restrooms, and a rear common area with a full kitchen.
Parking is located behind the building, providing on-site convenience for occupants and visitors. The existing office layout and support areas create a straightforward configuration for continued office use.
Parking is located behind the building, providing on-site convenience for occupants and visitors. The existing office layout and support areas create a straightforward configuration for continued office use.
Key Highlights
- Completely renovated office property
- Situated on a 0.60‑acre parcel
- Reception area with three offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,819
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,380
$576.4K
Cap Rate 7%
$411,700
$411.7K
Cap Rate 9%
$320,211
$320.2K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$49.3K $19.80/SF
− Vacancy
−$10.8K −$4.36/SF
EGI
$38.4K $15.44/SF
− OpEx
−$9.6K −$3.86/SF
NOI
$28.8K $11.58/SF
Area
Tuscaloosa County, 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%
$576,380
Cap Rate 7%
$411,700
Cap Rate 9%
$320,211
Alternative Uses
Best Use
Office B
$411.7K
$360.2K – $480.3K
NOI $28,819 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.9K
$523.2K – $697.5K
NOI $41,852 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 35476, AL
8,697
Population
3,597
Households
2.4
Avg Household Size
36
Median Age
23%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
1,260
Density / Sq Mi
$59,545
Median Household Income
$37,304
Median Earnings
$940
Median Rent
$196,800
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 - Three offices, two restrooms, a rear kitchen, and on-site parking provide a functional commercial layout.
Where is this office building located?
The property is located at 2915 Main Avenue Northport, AL.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Completely renovated office property; Situated on a 0.60‑acre parcel; Reception area with three offices
