Warehouse with Fenced
For Sale
$1,499,000
4a-912 29th Ave, Tuscaloosa, AL 35404
Open warehouse configuration with loading docks, a fenced yard, and an unused rail spur.
Property Size26,798 SF
Price / SF$55.94
Days on Market12
Property Features for 4a-912 29th Ave
General Information
Standard status
Active
Size
26,798 SF
Warehouse & Industrial
Warehouse Space
11,893 SF
Rail Access
Yes
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$4,733
Listing Agency:
Harwood Real Estate LLC
(205) 799-2210
Listed By:
Richard Harwood
(205) 799-2210
Source:
Exprealty
Added: Aug 6
Changed: Aug 13
Last Checked: Aug 16 at 12:15PM
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 Harwood Real Estate LLC
Investment Insights
Based on property information with market context.
This warehouse property offers an open, adaptable interior suited to storage, distribution, or light industrial operations. The site includes loading docks, a fenced yard, and an unused rail spur, providing distinct functional features for handling materials and supporting warehouse activity.
The property is located in the Downtown/Riverfront Tuscaloosa Area at 4a-912 29th Ave in Tuscaloosa, Alabama. Its combination of interior flexibility and exterior loading infrastructure supports a range of operational layouts, equipment needs, and future customization.
The property is located in the Downtown/Riverfront Tuscaloosa Area at 4a-912 29th Ave in Tuscaloosa, Alabama. Its combination of interior flexibility and exterior loading infrastructure supports a range of operational layouts, equipment needs, and future customization.
Key Highlights
- Open warehouse layout suited to storage, distribution, or light industrial use
- Fenced yard provides secured exterior space
- Loading docks support warehouse operations
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
$128,984
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
8.60%
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%
$2,579,680
$2.6M
Cap Rate 7%
$1,842,629
$1.8M
Cap Rate 9%
$1,433,156
$1.4M
Market Conditions
NOI Build-Up for 26,798 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
$192.9K $7.20/SF
− Vacancy
−$8.7K −$0.32/SF
EGI
$184.3K $6.88/SF
− OpEx
−$55.3K −$2.06/SF
NOI
$129.0K $4.81/SF
Area
Tuscaloosa, AL
Vacancy
4.50%
Lease Rate
$7.20 /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%
$2,579,680
Cap Rate 7%
$1,842,629
Cap Rate 9%
$1,433,156
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,353 @ 7.0% cap · market cap 10.83%
Second Best
Industrial
$1.84M
$1.61M – $2.15M
NOI $128,984 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$6.44M
$5.63M – $7.51M
NOI $450,785 @ 7.0% cap · market cap 30.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35404, AL
20,982
Population
11,427
Households
1.8
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
16.6 sq mi
ZIP Area
1,264
Density / Sq Mi
$45,521
Median Household Income
$25,035
Median Earnings
$986
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Self Storage At Park Plaza — 3801 McFarland Blvd E, Tuscaloosa, AL 35405
Frequently Asked Questions
What type of property is this?
Warehouse - Open warehouse configuration with loading docks, a fenced yard, and an unused rail spur.
Where is this warehouse located?
The property is located at 4a-912 29th Ave Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Open warehouse layout suited to storage, distribution, or light industrial use; Fenced yard provides secured exterior space; Loading docks support warehouse operations
