Northport Office Space
For Sale
Contact for pricing
5500 Watermelon Rd, Northport, AL 35473
3,956 SF office space with high-end finishes and flexibility.
Property Size3,956 SF
Price / SF$1.14
Days on Market149
Property Features for 5500 Watermelon Rd
General Information
Standard status
Active
Size
3,956 SF
Taxes and HOA fees
Annual Taxes
$2,772
Listing Agency:
Keller Williams Hoover
(205) 822-2272
Listed By:
Abby Pate
(205) 913-6001
Source:
Exprealty
Added: May 21
Changed: Oct 15
Last Checked: Oct 15 at 1:25AM
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 Hoover
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Investment Insights
Based on property information with market context.
Available for rent is a 3,956 square foot office space in Northport. The space features high-end finishes, oversized offices, and an efficient floor plan. It is suitable for a traditional office, co-working concept, or medical office. The layout supports offices, conference rooms, and open areas, offering flexibility for multiple business types. The property has strong visibility, plenty of parking, and convenient access.
Key Highlights
- 3,956 SF of office space with high‑end finishes
- Flexible layout suitable for traditional office, co‑working, or medical office use
- Oversized offices and efficient floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,822
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,440
$916.4K
Cap Rate 7%
$654,600
$654.6K
Cap Rate 9%
$509,133
$509.1K
Market Conditions
NOI Build-Up for 3,956 SF
Gross rent
$78.3K $19.80/SF
− Vacancy
−$17.2K −$4.36/SF
EGI
$61.1K $15.44/SF
− OpEx
−$15.3K −$3.86/SF
NOI
$45.8K $11.58/SF
Area
Tuscaloosa County, 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%
$916,440
Cap Rate 7%
$654,600
Cap Rate 9%
$509,133
Alternative Uses
Best Use
Office B
$654.6K
$572.8K – $763.7K
NOI $45,822 @ 7.0% cap · market cap 1,018.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.7K
$831.8K – $1.11M
NOI $66,546 @ 7.0% cap · market cap 1,478.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 35473, AL
17,888
Population
8,601
Households
2.1
Avg Household Size
38
Median Age
37%
College-Educated
90%
High-School Grad
25.8 sq mi
ZIP Area
693
Density / Sq Mi
$67,224
Median Household Income
$44,581
Median Earnings
$922
Median Rent
$249,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - 3,956 SF office space with high-end finishes and flexibility.
Where is this office units located?
The property is located at 5500 Watermelon Rd Northport, AL.
What are key features of this property?
This property features: 3,956 SF of office space with high‑end finishes; Flexible layout suitable for traditional office, co‑working, or medical office use; Oversized offices and efficient floor plan
