Listing Agency: Keller Williams Tuscaloosa t***@gmail.com Show Phone

Listed By: Rikesh Patel Show Phone

Source: Exprealty

Added: Oct 20 Changed: Nov 4 Last Checked: Nov 4 at 2:55PM

Report an Issue

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 Keller Williams Tuscaloosa

Ask AI about this property

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

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3.0±-acre commercial land parcel includes a former hotel and is being offered as-is for redevelopment. Suggested possibilities include quick-service restaurant, fuel, retail, car wash, and medical uses, subject to zoning verification.

The site is at the meeting point of McFarland Boulevard, Skyland Boulevard, and I-20/59 at Exit 73. Reported daily traffic exceeds 125,000 vehicles, and the University of Alabama is four miles away. The property lies across from the former McFarland Mall redevelopment, an approximately 80-acre project with more than $65 million in city incentives.

Key Highlights

• 3.0± acres for commercial redevelopment
• At the convergence of McFarland Boulevard, Skyland Boulevard, and I‑20/59 at Exit 73
• More than 125,000 vehicles pass daily

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$173,273

Cap Rate

4.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,465,460 $3.5M

Cap Rate 7%

$2,475,329 $2.5M

Cap Rate 9%

$1,925,256 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 32,512 SF

Gross rent

$429.2K $13.20/SF

− Vacancy

−$64.4K −$1.98/SF

EGI

$364.8K $11.22/SF

− OpEx

−$191.5K −$5.89/SF

NOI

$173.3K $5.33/SF

Area

Tuscaloosa, AL

Vacancy

15.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,465,460

Cap Rate 7%

$2,475,329

Cap Rate 9%

$1,925,256

Alternative Uses

Best Use

Hotel Hospitality

$2.48M

$2.17M – $2.89M (±1% cap)

NOI $173,273 @ 7.0% cap · market cap 4.03%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.81M

$6.84M – $9.12M (±1% cap)

NOI $546,904 @ 7.0% cap · market cap 12.73%

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

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Gym & Fitness Center Building Supply HVAC Service

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

428

Businesses Nearby

Explore this area Business Placement

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

Average Price Trend$/SF for Commercial land in Tuscaloosa, AL

$89.88 Jul

$103 Aug

$105 Sep

$106 Oct

Properties on Market for Commercial land in Tuscaloosa

Jul

Aug

Sep

Oct

Similar For Sale Nearby

See more

Unfinished Church Structure with Balcony

628 29th Street, Tuscaloosa, AL 35401

$2,250,000

30,000 SF

View details

Two-Story Office Building

3716 12TH Avenue E, Tuscaloosa, AL 35405

$3,995,000

46,556 SF

View details

Renovated Mixed-Use Building

2330 4th Street, Tuscaloosa, AL 35401

$4,395,000

21,000 SF

View details

Warehouse with Fenced Yard

912 29th Avenue, Tuscaloosa, AL 35401

$1,499,000

26,798 SF

View details

Warehouse with Fenced Yard

4a-912 29th Ave, Tuscaloosa, AL 35404

$1,499,000

26,798 SF

View details

Mixed-Use Property with Parking

612 Lurleen B Wallace Boulevard N, Tuscaloosa, AL 35401

$4,795,000

17,480 SF

View details

Gated Self-Storage Facility

14062 Highway 69 S, Tuscaloosa, AL 35405

$1,750,000

20,000 SF

View details

Flex Space with Loading Docks

3a-912 29th Ave, Tuscaloosa, AL 35404

$2,450,000

16,703 SF

View details

Versatile Commercial Property in Tuscaloosa

3516 Greensboro Ave, Tuscaloosa, AL 35401

Contact for pricing

29,000 SF

View details

Self-Storage Facility with Climate Control

432 65th St, Tuscaloosa, AL 35405

Contact for pricing

27,425 SF

View details

Retail Property For Sale

301 Greensboro Ave, Tuscaloosa, AL 35401

$6,250,000

View details

Multifamily Rental Portfolio

1628 5th Avenue, Tuscaloosa, AL 35401

$1,670,000

10,279 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - The parcel occupies a major junction connecting McFarland Boulevard, Skyland Boulevard, and I-20/59.

Where is this commercial land located?

The property is located at 4700 Mcfarland Blvd E Tuscaloosa, AL.

What is the asking price?

The asking price for this property is $4,295,000.

What are key features of this property?

This property features: 3.0± acres for commercial redevelopment; At the convergence of McFarland Boulevard, Skyland Boulevard, and I‑20/59 at Exit 73; More than 125,000 vehicles pass daily