Brick Office Building with Conference
515- HARGROVE Road E, Tuscaloosa, AL 35401
For Sale
$565,000
CommercialSale, Tuscaloosa, AL
Property Size2,328 SF
Lot Size0.30 Acres
Price / SF$242.70
Days on Market137
Property Features for 515- HARGROVE Road E
General Information
Property type
Property subtype
Security features
Exterior features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
kitchen
conference room
reception area
water fountain
ADA compliant restrooms
ADA compliant ramp with railing
Building Details
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Pritchett Moore Real Estate
(205) 349-6500
Listed By:
Charles Holliman
(205) 792-0887
Added: Jun 29
Changed: Nov 12
Last Checked: Nov 12 at 8:06AM
MLS# 176064
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 2,328-square-foot office building sits on 0.3 acres and combines a brick exterior with hardwood and tile flooring. The layout includes 8 offices, a large reception area with desk, conference room, kitchen, 3 bathrooms, and ADA-compliant restrooms. The kitchen has granite countertops, custom maple cabinetry, a dishwasher, and a refrigerator. The conference room adds a granite bar, refrigerator, and private bathroom.
The property provides 10 plus parking spaces and includes an ADA-compliant exterior ramp with railing. Central electric heating and central air serve the building, while two brand new HVAC systems were installed in October 2025. Exterior features include landscaping and security lighting, with a shingle composition roof.
The property provides 10 plus parking spaces and includes an ADA-compliant exterior ramp with railing. Central electric heating and central air serve the building, while two brand new HVAC systems were installed in October 2025. Exterior features include landscaping and security lighting, with a shingle composition roof.
Key Highlights
- 2,328‑square‑foot office building on 0.3 acres
- 8 offices with a large reception area and reception desk
- Conference room with granite bar, refrigerator, and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,965
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,300
$539.3K
Cap Rate 7%
$385,214
$385.2K
Cap Rate 9%
$299,611
$299.6K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$46.1K $19.80/SF
− Vacancy
−$10.1K −$4.36/SF
EGI
$36.0K $15.44/SF
− OpEx
−$9.0K −$3.86/SF
NOI
$27.0K $11.58/SF
Area
Tuscaloosa, AL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,300
Cap Rate 7%
$385,214
Cap Rate 9%
$299,611
Alternative Uses
Best Use
Office B
$385.2K
$337.1K – $449.4K
NOI $26,965 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.4K
$489.5K – $652.7K
NOI $39,161 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Tuscaloosa, AL
Properties on Market for Office buildings in Tuscaloosa
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Eight-office property with a reception area, kitchen, ADA-compliant facilities, and on-site parking.
Where is this office building located?
The property is located at 515- HARGROVE Road E Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,328‑square‑foot office building on 0.3 acres; 8 offices with a large reception area and reception desk; Conference room with granite bar, refrigerator, and private bathroom
