Multi-Tenant Office
3079 Palisades Court Tuscaloosa, AL 35405
For Sale
$595,000
All-brick multi-tenant office building with four connected suites and 22 parking spaces.
Property Size4,000 SF
Price / SF$148.75
Days on Market349
Property Features for 3079 Palisades Court
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1999
Listing Agency:
(205) 292-9771
Listed By:
Pritchett Moore Real Estate
(205) 292-9771
Source:
Xome
Added: Aug 9, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:34AM
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
Investment Insights
Based on property information with market context.
This all-brick, multi-tenant office building offers approximately 4,000 square feet configured as four inter-connected office suites. The available suites have received new paint, carpet, and countertops, supporting a move-in ready environment. Two suites are currently vacant, creating immediate space for occupancy or internal relocation.
The property is located in a quiet professional office park with easy access to Skyland Blvd and I-20/59. The building includes 22 dedicated parking spaces for tenants and visitors.
As listed, the building is described as generating $58,000 in gross revenue when fully leased, reflecting its current income-producing design for a multi-suite office setup.
The property is located in a quiet professional office park with easy access to Skyland Blvd and I-20/59. The building includes 22 dedicated parking spaces for tenants and visitors.
As listed, the building is described as generating $58,000 in gross revenue when fully leased, reflecting its current income-producing design for a multi-suite office setup.
Key Highlights
- 4,000 SF all‑brick, multi‑tenant office building with four inter‑connected office suites
- 22 parking spaces for tenants and visitors
- Recently updated suites with new paint, carpet, and countertops; 2 suites recently became vacant
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 | $79.2k | $19.80 |
| − Vacancy | −$17.4k | −$4.36 |
| EGI | $61.8k | $15.44 |
| − OpEx | −$15.4k | −$3.86 |
| NOI | $46.3k | $11.58 |
4,000 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$661.9K
$579.2K – $772.2K
NOI $46,332 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Taylor Sterling PHD
Physician
Able Hands Nursing ...
Employment Agency
Chesapeake Consulting
Consultant
Adecco Staffing
Employment Agency
Resources For Independence
Social Service Agency
FAQs
What type of property is this?
Office building - All-brick multi-tenant office building with four connected suites and 22 parking spaces.
Where is this office building located?
The property is located at 3079 Palisades Court Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,000 SF all‑brick, multi‑tenant office building with four inter‑connected office suites; 22 parking spaces for tenants and visitors; Recently updated suites with new paint, carpet, and countertops; 2 suites recently became vacant
