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    Open Bay Warehouse on Parkway Title is generated by Realmo AI

    4201 Veterans Memorial Parkway, Tuscaloosa, AL 35404

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    For Sale
    $850,000

    11,500+ SF warehouse on 1.37 acres, high visibility.

    Type:Commercial/Industrial
    Property size:
    11,528 SF
    Lot size:
    1.37 Acres
    Price / SF:
    $73/SF
    Added:
    Dec 17, 2025
    Days on Market:
    167
    Last Refresh:
    Apr 8 at 12:30 am

    Property Features for 4201 Veterans Memorial Parkway

    General Information

    Standard status
    Active
    Size
    11,528 SF
    Lot size
    1.37 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Steven Deal

    Listing agent Steven Deal License #000093505

    Listing office Pritchett Moore Real Estate

    Listing date Dec 17, 2025

    Source Exitrealty

    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

    HighLights

    • 11,500+ sf open bay warehouse space on 1.37+/- acres.
    • High visibility location at Five‑Points intersection with traffic counts from 10k to 19k.
    • Nearly 8000 sf facility addition with lobby, reception, office space, and two baths.
    • Multiple bay doors: 3 (10x12), 1 (18x12) in original building and 8 (12x12) in newer addition.
    • Secured yard area of 0.50 ac.
    • Original building presents rental income opportunity for owner/operator.

    Overview

    This 11,500+ square foot open bay warehouse is available for purchase. Situated on a 1.37+/- acre lot, the property features high visibility at the Five-Points intersection, with traffic counts ranging from 10,000 to 19,000 on incoming streets. The original cinderblock building, constructed in 1965, includes four bays with three 10x12 doors and one 18x12 door. A nearly 8,000 square foot addition, completed in 1996, offers eight 12x12 bay doors, a lobby, reception area, office space, and two bathrooms. The clear span height in the new building is 152 inches. The property includes a secured yard area of 0.50 acres. The original building may present an opportunity for rental income for an owner/operator utilizing the main building. The property is suitable for a number of uses and companies. There has been no storage of chemicals or USTs on the property, either now or in the past.

    Local Financial Insights For Warehouse

    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 $85.8k $7.44
    − Vacancy −$3.6k −$0.31
    EGI $82.2k $7.13
    − OpEx −$12.3k −$1.07
    NOI $69.8k $6.06
    11,528 SF · lease $7.44/SF/yr · vacancy 4.20% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $997.7K
    $873.0K – $1.16M (±1% cap)
    NOI $69,841 @ 7.0% cap · market cap 8.22%
    Second Best
    Industrial
    $792.7K
    $693.6K – $924.8K (±1% cap)
    NOI $55,487 @ 7.0% cap · market cap 6.53%
    Theoretical Best
    Office A
    $2.77M
    $2.42M – $3.23M (±1% cap)
    NOI $193,919 @ 7.0% cap · market cap 22.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Pop's Shop Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.4809562
    Latitude
    33.1966549

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    FAQs

    What type of property is this?
    Warehouse - 11,500+ SF warehouse on 1.37 acres, high visibility.
    Where is this warehouse located?
    The property is located at 4201 Veterans Memorial Parkway Tuscaloosa, AL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 11,500+ sf open bay warehouse space on 1.37+/- acres.; High visibility location at Five‑Points intersection with traffic counts from 10k to 19k.; Nearly 8000 sf facility addition with lobby, reception, office space, and two baths.
    (205) 292-9771
    We can help!
    Listing Contact
    Steven Deal
    Real Estate License ID: 000093505
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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