Two-Level Office
For Sale
$995,000
5690 Watermelon Road Unit 125, Northport, AL 35473
A 2010-built workspace combines private offices, meeting areas, support rooms, and three zoned HVAC systems.
Property Size4,200 SF
Price / SF$236.90
Days on Market427
Property Features for 5690 Watermelon Road Unit 125
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,935
Building Details
Building Size
4,200 SF
Year Built
2010
Listing Agency:
Pritchett Moore Real Estate
Listed By:
Steven Deal · License #AL 000093505
(205) 292-9771
Source:
Rightspacecre
Added: Sep 2, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:59AM
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 Pritchett Moore Real Estate
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Investment Insights
Based on property information with market context.
Built in 2010, this 4,200-SF office building has a main floor and an upper level. The main floor contains a reception area, conference room, nine private offices, four restrooms, a breakroom, and a file room. Upstairs are two more offices, a training room, a kitchenette, and an additional bathroom. The building has 11-foot ceilings and three zoned HVAC systems.
The property is at 5690 Watermelon Road in Northport, Alabama. Its configuration includes private work areas, meeting and training rooms, and staff support spaces across both levels. The property was previously used as a law office.
The property is at 5690 Watermelon Road in Northport, Alabama. Its configuration includes private work areas, meeting and training rooms, and staff support spaces across both levels. The property was previously used as a law office.
Key Highlights
- 4,200 SF office building, built in 2010
- 11‑foot ceilings and three zoned HVAC systems
- Main floor includes nine private offices, a conference room, four restrooms, a breakroom, and a file room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,649
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,980
$973.0K
Cap Rate 7%
$694,986
$695.0K
Cap Rate 9%
$540,544
$540.5K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$83.2K $19.80/SF
− Vacancy
−$18.3K −$4.36/SF
EGI
$64.9K $15.44/SF
− OpEx
−$16.2K −$3.86/SF
NOI
$48.6K $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%
$972,980
Cap Rate 7%
$694,986
Cap Rate 9%
$540,544
Alternative Uses
Best Use
Office B
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$883.1K – $1.18M
NOI $70,651 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 2010-built workspace combines private offices, meeting areas, support rooms, and three zoned HVAC systems.
Where is this office building located?
The property is located at 5690 Watermelon Road Unit 125 Northport, AL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,200 SF office building, built in 2010; 11‑foot ceilings and three zoned HVAC systems; Main floor includes nine private offices, a conference room, four restrooms, a breakroom, and a file room
