Building Details

Buildings 1

Listing Agency: Right Space, LLC Show Phone

Listed By: Richard Henry Show Phone

Source: Moodyscre

Added: Oct 20 Changed: Oct 23 Last Checked: Oct 24 at 6:29PM

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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 Right Space, LLC

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Investment Insights

Based on property information with market context.

This 12,900-square-foot flex property in Northport includes a showroom, office space, and two machine-shop areas. The shop areas have eave heights of 18 feet and 16 feet, with two storage mezzanines providing additional storage space. Two drive-in doors measure 14 feet and 12 feet high, and the building has 440V three-phase electrical service. A fenced outdoor storage area is also part of the property.

The site has three curb cuts and sits just off Lurleen Wallace Boulevard (US-43), near the Hugh Thomas Bridge. Downtown Tuscaloosa and Northport commercial corridors are accessible from this location. The property is occupied; possession and availability are subject to negotiation. Existing cranes are excluded from the sale.

Key Highlights

• 12,900‑square‑foot flex property with showroom, office, and two machine‑shop areas
• Two drive‑in doors: 14' and 12' high
• Shop eave heights of 18' and 16'

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$144,866

Cap Rate

7.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,897,320 $2.9M

Cap Rate 7%

$2,069,514 $2.1M

Cap Rate 9%

$1,609,622 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,900 SF

Gross rent

$224.5K $17.40/SF

− Vacancy

−$17.5K −$1.36/SF

EGI

$207.0K $16.04/SF

− OpEx

−$62.1K −$4.81/SF

NOI

$144.9K $11.23/SF

Area

Tuscaloosa County, AL

Vacancy

7.80%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,897,320

Cap Rate 7%

$2,069,514

Cap Rate 9%

$1,609,622

Alternative Uses

Best Use

Retail

$2.07M

$1.81M – $2.41M (±1% cap)

NOI $144,866 @ 7.0% cap · market cap 7.25%

Second Best

Flex RnD

$1.43M

$1.25M – $1.66M (±1% cap)

NOI $99,840 @ 7.0% cap · market cap 4.99%

Theoretical Best

Office A

$3.10M

$2.71M – $3.62M (±1% cap)

NOI $216,999 @ 7.0% cap · market cap 10.86%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Electrical Service Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Pharmacy

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

Lease Details

2

Drive-in doors

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

546

Businesses Nearby

Balanced

Demand for This Use

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - A showroom, office area, and machine-shop space bring customer-facing and operational functions together under one roof.

Where is this flex space located?

The property is located at 410 Bridge Ave Northport, AL.

What is the asking price?

The asking price for this property is $1,999,000.

What are key features of this property?

This property features: 12,900‑square‑foot flex property with showroom, office, and two machine‑shop areas; Two drive‑in doors: 14' and 12' high; Shop eave heights of 18' and 16'