3a-912 29th Ave, Tuscaloosa, AL 35404

Building Details

Building Size 17,603 SF More

Listing Agency: Harwood Real Estate LLC k**@harwoodrealestate.com Show Phone

Listed By: Richard Harwood · License AL #118535018 Show Phone

Source: Exprealty

Added: Aug 6 Changed: Oct 25 Last Checked: Nov 10 at 11:42AM

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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 Harwood Real Estate LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex property combines office and warehouse components in a versatile commercial layout. Interior areas can support administrative functions, professional work, meetings, and collaborative activity, while the open warehouse area provides direct access to loading docks. The configuration offers both finished office space and functional operational space within one building.

Located at 3a-912 29th Ave in downtown Tuscaloosa, Alabama, the property includes ample parking. Its combination of office areas, open warehouse space, and dock access provides a practical setting for businesses requiring both workplace and loading functions.

Key Highlights

• Flex property with office and open warehouse areas
• Loading dock access from the warehouse space
• Layout includes offices, meeting areas, and collaborative workspace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$193,471

Cap Rate

7.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,869,420 $3.9M

Cap Rate 7%

$2,763,871 $2.8M

Cap Rate 9%

$2,149,678 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,703 SF

Gross rent

$330.7K $19.80/SF

− Vacancy

−$72.8K −$4.36/SF

EGI

$258.0K $15.44/SF

− OpEx

−$64.5K −$3.86/SF

NOI

$193.5K $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 Rate 5%

$3,869,420

Cap Rate 7%

$2,763,871

Cap Rate 9%

$2,149,678

Alternative Uses

Best Use

Office B

$2.76M

$2.42M – $3.22M (±1% cap)

NOI $193,471 @ 7.0% cap · market cap 7.90%

Second Best

Flex RnD

$1.85M

$1.62M – $2.15M (±1% cap)

NOI $129,274 @ 7.0% cap · market cap 5.28%

Theoretical Best

Office A

$4.01M

$3.51M – $4.68M (±1% cap)

NOI $280,971 @ 7.0% cap · market cap 11.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Law Firm Building Supply Real Estate Agency Electrical Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 35404, AL

20,982

Population

11,427

Households

1.8

Avg Household Size

30

Median Age

27%

College-Educated

89%

High-School Grad

16.6 sq mi

ZIP Area

1,264

Density / Sq Mi

$45,521

Median Household Income

$25,035

Median Earnings

$986

Median Rent

$175,700

Median Home Value

Market

Average Price Trend$/SF for Flex space in Tuscaloosa County, AL

$77.91 Jul

$117 Aug

$121 Sep

$130 Oct

Properties on Market for Flex space in Tuscaloosa County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Combined office and warehouse areas accommodate administrative work, meetings, collaboration, and loading operations.

Where is this flex space located?

The property is located at 3a-912 29th Ave Tuscaloosa, AL.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: Flex property with office and open warehouse areas; Loading dock access from the warehouse space; Layout includes offices, meeting areas, and collaborative workspace