Renovated Office
New
For Sale
$369,900
2915 Main Avenue, Northport, AL 35476
CommercialSale, Northport, AL
Property Size2,488 SF
Lot Size0.60 Acres
Price / SF$148.67
Days on Market1
Property Features for 2915 Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Landscaping, RainGutters
Directions
82 west turn left on main ave building is on the left
Subdivision
(06) Northport City
Standard status
Active
APN
3102093001007001
Size
2,488 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
56400 lot 1 crestdale and e row of us 43
Tax Annual Amount
1500
Legal Description
56400 lot 1 crestdale and e row of us 43
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Number of units
1
Flooring type
Tile
Building materials
Masonry
Roof type
Shingle, Composition
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Jonathan McKinney
(205) 792-7977
Added: Sep 4
Last Checked: Sep 4 at 5:06PM
MLS# 177308
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.
Renovated office property offering 2,488 square feet on a 0.60-acre site. The interior includes a front reception area, three offices, two restrooms, and a rear common area with a full kitchen. Tile flooring, central heating, natural gas service, and central air conditioning support the building’s daily functionality. Masonry construction and a composition shingle roof provide established structural features.
The property is located at 2915 Main Avenue in Northport, Alabama. Parking is positioned behind the building, while landscaping and rain gutters are included among the exterior features.
The property is located at 2915 Main Avenue in Northport, Alabama. Parking is positioned behind the building, while landscaping and rain gutters are included among the exterior features.
Key Highlights
- 2,488‑square‑foot office building on a 0.60‑acre site
- Completely renovated interior with front reception area
- Three offices and 2 rest rooms
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
$28,819
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
7.79%
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%
$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
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
$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 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%
$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 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.9K
$523.2K – $697.5K
NOI $41,852 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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?
Office building - Updated professional property with private offices, reception space, kitchen area, and rear parking.
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 $369,900.
What are key features of this property?
This property features: 2,488‑square‑foot office building on a 0.60‑acre site; Completely renovated interior with front reception area; Three offices and 2 rest rooms
