Renovated Office
For Sale
$314,900
414- Hargrove Road E, Tuscaloosa, AL 35401
SINGLE_FAMILY - Tuscaloosa, AL
Property Size1,399 SF
Price / SF$225.09
Days on Market10
Property Features for 414- Hargrove Road E
General Information
Property type
Residential
Property subtype
Office
Directions
FROM McFARLAND BLVD GO 3 BLOCKS WEST ON HARGROVE ROAD EAST. PROPERTY ON THE RIGHT, NW CORNER OF HARGROVE @ 5TH AVE. E.
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
31-07-25-4-003-009.000
Size
1,399 SF
Taxes and HOA fees
Tax Description
Lot 1 In Resurv Frederick Dr Subd Less & Except Public Street R/W
Tax Annual Amount
1661
Legal Description
Lot 1 In Resurv Frederick Dr Subd Less & Except Public Street R/W
Building Details
Year built
1950
Number of units
1
Listing Agency:
Advantage Realty Group
(205) 345-0116
Listed By:
Zeke Zeanah
(205) 799-5844
Added: Aug 10
Changed: Aug 18
Last Checked: Aug 19 at 3:06AM
MLS# 176803
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,399-square-foot office building combines a house-style layout with commercial office use. Built in 1950, the property has undergone extensive updates, including a new roof, electrical and plumbing improvements, replacement windows, updated fixtures and countertops, fresh interior and exterior paint, and refinished floors. Central A/C was installed approximately 7 years ago.
The property is located off McFarland Boulevard in Tuscaloosa, approximately 1.5 miles from the University of Alabama. Parking is available on site, supporting day-to-day office operations. The building’s compact footprint and renovated interior provide a practical setting for an office user seeking an established structure with updated building components.
The property is located off McFarland Boulevard in Tuscaloosa, approximately 1.5 miles from the University of Alabama. Parking is available on site, supporting day-to-day office operations. The building’s compact footprint and renovated interior provide a practical setting for an office user seeking an established structure with updated building components.
Key Highlights
- 1,399‑square‑foot office building
- Built in 1950 with extensive renovations
- New roof, electrical, plumbing, and windows
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
$16,205
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
5.15%
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%
$324,100
$324.1K
Cap Rate 7%
$231,500
$231.5K
Cap Rate 9%
$180,056
$180.1K
Market Conditions
NOI Build-Up for 1,399 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
$27.7K $19.80/SF
− Vacancy
−$6.1K −$4.36/SF
EGI
$21.6K $15.44/SF
− OpEx
−$5.4K −$3.86/SF
NOI
$16.2K $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%
$324,100
Cap Rate 7%
$231,500
Cap Rate 9%
$180,056
Alternative Uses
Best Use
Office B
$231.5K
$202.6K – $270.1K
NOI $16,205 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.2K
$294.2K – $392.2K
NOI $23,533 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
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 building - Renovated house-office property with updated systems, finishes, and central air conditioning near the University of Alabama.
Where is this office building located?
The property is located at 414- Hargrove Road E Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 1,399‑square‑foot office building; Built in 1950 with extensive renovations; New roof, electrical, plumbing, and windows
