Office and Storage Flex
3518 Greensboro Avenue Tuscaloosa, AL 35401
3518 Greensboro Avenue, Tuscaloosa, AL, 35401
$1,695,000
For Sale
$1,695,000
Two-story office building with roll-up door shop space, storage bays, and secure fenced yards on 3.41 acres.
Property Size29,784 SF
Lot Size3.41 Acres
Price / SF$56.91
Days on Market321
Property Features for 3518 Greensboro Avenue
General Information
- Standard status
- Active
- Size
- 29,784 SF
- Lot size
- 3.41 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2000
Listing agency
(205) 292-9771
Listed by
Pritchett Moore Real Estate
(205) 292-9771
Source
Xome
Added: Sep 6, 2025 Updated: Jul 23 at 3:33AM Checked: Jul 23 at 3:33AM
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 flex-style property offers a two-story, approximately 20,000 SF office building combined with open and closed storage bays totaling approximately 9,784 SF. The office portion includes nearly 50 office spaces and two conference rooms, along with interior shop space featuring a roll-up door. Exterior improvements include a well-managed parking area with 60+ marked spaces and additional parking around the storage bays, plus two gravel laydown yards on site.
The site is secured by fences and gates, supporting an operation that requires controlled access between office and storage areas. The property is described as move-in ready for a large firm seeking a combined office and storage setup.
Overall, the configuration provides an on-site workplace with substantial storage capacity and yard space, arranged around the main bays and secured circulation.
The site is secured by fences and gates, supporting an operation that requires controlled access between office and storage areas. The property is described as move-in ready for a large firm seeking a combined office and storage setup.
Overall, the configuration provides an on-site workplace with substantial storage capacity and yard space, arranged around the main bays and secured circulation.
Key Highlights
- Two‑story 20,000 SF office building on 3.41+/- acres with nearly 50 office spaces.
- Includes 9,784 SF of open and closed storage bays, plus interior shop space with a roll‑up door.
- Two conference rooms and 60+ marked parking spaces, with additional parking around the 9,000 SF bays.
Local Financial Insights For Industrial
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 | $214.4k | $7.20 |
| − Vacancy | −$9.7k | −$0.32 |
| EGI | $204.8k | $6.88 |
| − OpEx | −$61.4k | −$2.06 |
| NOI | $143.4k | $4.81 |
29,784 SF · lease $7.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.93M
$4.31M – $5.75M
NOI $344,988 @ 7.0% cap · market cap 20.35%
Second Best
Flex RnD
$3.29M
$2.88M – $3.84M
NOI $230,515 @ 7.0% cap · market cap 13.60%
Theoretical Best
Office A
$7.16M
$6.26M – $8.35M
NOI $501,015 @ 7.0% cap · market cap 29.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Casual Class Bar Services — 3108 25th Ave Suite B, Tuscaloosa, AL 35401
FAQs
What type of property is this?
Flex space - Two-story office building with roll-up door shop space, storage bays, and secure fenced yards on 3.41 acres.
Where is this flex space located?
The property is located at 3518 Greensboro Avenue Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two‑story 20,000 SF office building on 3.41+/- acres with nearly 50 office spaces.; Includes 9,784 SF of open and closed storage bays, plus interior shop space with a roll‑up door.; Two conference rooms and 60+ marked parking spaces, with additional parking around the 9,000 SF bays.
