Commercial Redevelopment
New
For Sale
$4,295,000
4700 Mcfarland Boulevard E, Tuscaloosa, AL 35405
CommercialSale, Tuscaloosa, AL
Property Size32,512 SF
Lot Size22,956.84 Acres
Price / SF$132.11
Days on Market2
Property Features for 4700 Mcfarland Boulevard E
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
0.4 miles from Exit 73 on Interstate 20/59 (I-20)
Subdivision
(04) West Tuscaloosa City
Standard status
Active
APN
36-01-01-1-007-066.001
Size
32,512 SF
Lot size
22,956.84 Acres
Taxes and HOA fees
Tax Description
LOT 1 MORROW KUYKENDALL PROPERTY LESS HWY R/W
Tax Annual Amount
10166
Legal Description
LOT 1 MORROW KUYKENDALL PROPERTY LESS HWY R/W
Building Details
Year built
1983
Number of units
59
Listing Agency:
Keller Williams Tuscaloosa · Keller Williams Realty
(205) 759-3400
Listed By:
Rikesh Patel
(256) 668-2841
Added: Oct 20
Last Checked: Oct 21 at 9:06PM
MLS# 178083
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.
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Investment Insights
Based on property information with market context.
This commercial land offering includes a former hotel building, which is conveyed as-is with no value attributed to it; the property is to be evaluated as a land asset. The existing structure dates to 1983.
The site is at the junction of McFarland Boulevard, Skyland Boulevard, and I-20/59 at Exit 73. Reported traffic exceeds 125,000 vehicles daily, and the University of Alabama is four miles away. An 80-acre-plus former mall redevelopment is located directly across the road.
The site is at the junction of McFarland Boulevard, Skyland Boulevard, and I-20/59 at Exit 73. Reported traffic exceeds 125,000 vehicles daily, and the University of Alabama is four miles away. An 80-acre-plus former mall redevelopment is located directly across the road.
Key Highlights
- At the McFarland Boulevard, Skyland Boulevard, and I‑20/59 junction at Exit 73
- Reported daily traffic exceeds 125,000 vehicles
- Four miles from the University of Alabama
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
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
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
NOI $546,904 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Commercial land - A former hotel site occupies a major road junction near the University of Alabama.
Where is this commercial land located?
The property is located at 4700 Mcfarland Boulevard 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: At the McFarland Boulevard, Skyland Boulevard, and I‑20/59 junction at Exit 73; Reported daily traffic exceeds 125,000 vehicles; Four miles from the University of Alabama
