Storefront Property with Storage
For Sale
$375,000
8607 New Watermelon Road, Tuscaloosa, AL 35406
Rear storage and an on-site mobile home are included with the storefront property.
Property Size936 SF
Price / SF$400.64
Days on Market55
Property Features for 8607 New Watermelon Road
General Information
Standard status
Active
Size
936 SF
Property subtype
Commercial
Listing Agency:
Keller Williams Tuscaloosa
Listed By:
Lee Foster · License #118528280
(205) 759-3400
Source:
Alicemaxwell
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 12 at 5:05PM
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 Tuscaloosa
Investment Insights
Based on property information with market context.
This storefront property includes a rear storage building and a mobile home on the site. The mobile home may be removed, allowing the site configuration to be changed for parking, outdoor dining, an event venue, or future expansion.
The property is located at 8607 New Watermelon Road in Tuscaloosa, Alabama. Its storefront format and included ancillary improvements provide a flexible physical setup for a range of retail or commercial concepts, subject to applicable approvals and site requirements.
The property is located at 8607 New Watermelon Road in Tuscaloosa, Alabama. Its storefront format and included ancillary improvements provide a flexible physical setup for a range of retail or commercial concepts, subject to applicable approvals and site requirements.
Key Highlights
- Rear storage building included with the property
- Mobile home on site is included
- Mobile home can be removed for parking, outdoor dining, event venue, or expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,511
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,220
$210.2K
Cap Rate 7%
$150,157
$150.2K
Cap Rate 9%
$116,789
$116.8K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$16.3K $17.40/SF
− Vacancy
−$1.3K −$1.36/SF
EGI
$15.0K $16.04/SF
− OpEx
−$4.5K −$4.81/SF
NOI
$10.5K $11.23/SF
Area
Tuscaloosa, AL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,220
Cap Rate 7%
$150,157
Cap Rate 9%
$116,789
Alternative Uses
Best Use
Retail
$150.2K
$131.4K – $175.2K
NOI $10,511 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$224.9K
$196.8K – $262.4K
NOI $15,745 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35406, AL
16,664
Population
8,291
Households
2
Avg Household Size
40
Median Age
68%
College-Educated
97%
High-School Grad
80.9 sq mi
ZIP Area
206
Density / Sq Mi
$118,736
Median Household Income
$68,810
Median Earnings
$1,352
Median Rent
$467,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Rear storage and an on-site mobile home are included with the storefront property.
Where is this storefront property located?
The property is located at 8607 New Watermelon Road Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Rear storage building included with the property; Mobile home on site is included; Mobile home can be removed for parking, outdoor dining, event venue, or expansion
