Office Suite with 1,000 SF
For Sale
$600,000
Pending
3093 Palisades Ct, Tuscaloosa, AL 35405
Flexible office and medical-ready layout with private offices, conference room, and separate-entry storage for operational convenience.
Property Size4,641 SF
Days on Market80
Property Features for 3093 Palisades Ct
General Information
Standard status
Pending
Size
4,641 SF
Listing Agency:
Pritchett Moore Real Estate
(205) 292-9771
Listed By:
Steven Deal · License #000093505
(205) 292-9771
Source:
Exprealty
Added: May 21
Changed: Jul 10
Last Checked: Aug 8 at 8:25AM
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 versatile office suite offers an efficient open-layout foundation with a current configuration that includes 12 private offices, a conference room, a welcoming lobby, and a break room. The space also features two multi-stall ADA-compliant restrooms, an additional customer restroom, and a 1,000+/- SF storage area designed for separate access. The storage includes a separate entrance and double-door access, supporting a range of professional or service-oriented workflows.
Located in the Palisades office park at 3093 Palisades Ct in Tuscaloosa, this vacant property is presented for sale or lease and is ready for immediate occupancy. The combination of dedicated storage access and established indoor office improvements is suited for organizations that need both front-office space and back-of-house functionality within a professional park setting.
With its mix of private offices, meeting space, lobby, and multiple restrooms, the suite can accommodate a variety of users, including professional, medical, or service-oriented operations. The separate-entry storage area can help streamline deliveries or internal use without moving through the main office areas. The space is available to tailor to your operational needs, subject to your planned layout and tenant improvements.
Located in the Palisades office park at 3093 Palisades Ct in Tuscaloosa, this vacant property is presented for sale or lease and is ready for immediate occupancy. The combination of dedicated storage access and established indoor office improvements is suited for organizations that need both front-office space and back-of-house functionality within a professional park setting.
With its mix of private offices, meeting space, lobby, and multiple restrooms, the suite can accommodate a variety of users, including professional, medical, or service-oriented operations. The separate-entry storage area can help streamline deliveries or internal use without moving through the main office areas. The space is available to tailor to your operational needs, subject to your planned layout and tenant improvements.
Key Highlights
- 4,600+ SF office space in the Palisades office park, offered for sale or lease
- Open‑layout floor plan with 12 private offices and a conference room
- Includes a welcoming lobby, break room, and 1,000+/- SF storage area
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
$53,757
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
8.96%
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%
$1,075,140
$1.1M
Cap Rate 7%
$767,957
$768.0K
Cap Rate 9%
$597,300
$597.3K
Market Conditions
NOI Build-Up for 4,641 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
$91.9K $19.80/SF
− Vacancy
−$20.2K −$4.36/SF
EGI
$71.7K $15.44/SF
− OpEx
−$17.9K −$3.86/SF
NOI
$53.8K $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 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%
$1,075,140
Cap Rate 7%
$767,957
Cap Rate 9%
$597,300
Alternative Uses
Best Use
Healthcare Medical
$887.9K
$776.9K – $1.04M
NOI $62,152 @ 7.0% cap · market cap 10.36%
Second Best
Office B
$768.0K
$672.0K – $896.0K
NOI $53,757 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$1.12M
$975.9K – $1.30M
NOI $78,069 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 35405, AL
45,155
Population
22,260
Households
2
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
52.9 sq mi
ZIP Area
854
Density / Sq Mi
$61,371
Median Household Income
$39,077
Median Earnings
$1,057
Median Rent
$224,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office and medical-ready layout with private offices, conference room, and separate-entry storage for operational convenience.
Where is this office units located?
The property is located at 3093 Palisades Ct Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,600+ SF office space in the Palisades office park, offered for sale or lease; Open‑layout floor plan with 12 private offices and a conference room; Includes a welcoming lobby, break room, and 1,000+/- SF storage area
