5-Bay Auto Shop with Storage
For Sale
$600,000
4201 Greensboro Avenue, Tuscaloosa, AL 35405
CommercialSale, Tuscaloosa, AL
Property Size3,835 SF
Lot Size0.85 Acres
Price / SF$156.45
Days on Market492
Property Features for 4201 Greensboro Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Skyland Boulevard and Greensboro Avenue intersection, head north on Greensboro. Property will be on your right across from Academy Sporting Goods.
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
36-01-02-1-006-006.000
Size
3,835 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Description
Lot 32 In Burks Gardens Subd
Tax Annual Amount
1986
Legal Description
Lot 32 In Burks Gardens Subd
Building Details
Number of units
1
Flooring type
Concrete
Building materials
Block, MetalSiding
Roof type
Metal
Architectural style
Other
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Ward McFarland · License #546280
(205) 799-2400
Added: Apr 25, 2025
Changed: Aug 28
Last Checked: Aug 29 at 6:06PM
MLS# 168357
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 vacant auto shop property contains a 3,835-square-foot building on 0.85 acres. The layout includes five total bays, with three designed to accommodate large trucks through high ceilings and doors. Block and metal siding, a metal roof, and concrete flooring provide a practical foundation for automotive operations or related service use. A large storage yard is included with the property.
The site is located at 4201 Greensboro Avenue in Tuscaloosa, beside CMX Cinemas and Academy Sports. Its existing bay configuration and yard area support continued automotive use while offering flexibility for a new occupant.
The site is located at 4201 Greensboro Avenue in Tuscaloosa, beside CMX Cinemas and Academy Sports. Its existing bay configuration and yard area support continued automotive use while offering flexibility for a new occupant.
Key Highlights
- 3,835‑square‑foot building on 0.85 acres
- Five total service bays
- Three bays suitable for servicing large trucks
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
$43,067
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
7.18%
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%
$861,340
$861.3K
Cap Rate 7%
$615,243
$615.2K
Cap Rate 9%
$478,522
$478.5K
Market Conditions
NOI Build-Up for 3,835 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
$66.7K $17.40/SF
− Vacancy
−$5.2K −$1.36/SF
EGI
$61.5K $16.04/SF
− OpEx
−$18.5K −$4.81/SF
NOI
$43.1K $11.23/SF
Area
Tuscaloosa, 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 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%
$861,340
Cap Rate 7%
$615,243
Cap Rate 9%
$478,522
Alternative Uses
Best Use
Retail
$615.2K
$538.3K – $717.8K
NOI $43,067 @ 7.0% cap · market cap 7.18%
Second Best
Industrial
$263.7K
$230.7K – $307.7K
NOI $18,459 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$921.6K
$806.4K – $1.08M
NOI $64,511 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
407k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 19%
Apparel 19%
Hotels & Casinos 2%
Academy Sports + Outdoors
Apparel
75,815 visits/mo
0.1 miles
Chick-fil-A
Dining
52,579 visits/mo
0.4 miles
Starbucks
Dining
28,798 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
26,733 visits/mo
0.2 miles
Whataburger
Dining
25,122 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bobby Park Truck & Equipment — 5301 AL-69, Tuscaloosa, AL 35405
- Southern Tire Mart — 5400 Old Montgomery Hwy, Tuscaloosa, AL 35405
- Tuscaloosa — 1416 Whigham Pl, Tuscaloosa, AL 35405
- Best One Tire & Service — 1322 whigham pl, tuscaloosa, al 35405
- Ameritire, LLC — 5402 Kauloosa Ave, Tuscaloosa, AL 35405
Frequently Asked Questions
What type of property is this?
Auto shop - Vacant block-and-metal building with truck-capable service bays, concrete flooring, and an outdoor storage area.
Where is this auto shop located?
The property is located at 4201 Greensboro Avenue 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: 3,835‑square‑foot building on 0.85 acres; Five total service bays; Three bays suitable for servicing large trucks
