Versatile Commercial Property in
3516 Greensboro Ave Tuscaloosa, AL 35401
3516 Greensboro Ave, Tuscaloosa, AL, 35401
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For Sale
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47,000+ SF improvements on 5.75 acres near I-30/59.
Property Size29,000 SF
Lot Size5.75 Acres
Price / SF$86.21
Days on Market693
Property Features for 3516 Greensboro Ave
General Information
- Standard status
- Active
- Size
- 29,000 SF
- Lot size
- 5.75 Acres
- Property subtype
- Industrial, Office
Listing Agency
Pritchett Moore Real Estate
(205) 349-6500
Listed by
Steven Deal · License #AL 000093505
Source
Crexi
Added: Aug 28, 2024 Updated: Jul 6 at 8:19 am Checked: Jul 20 at 4:41 am
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
Investment Insights
Based on property information with market context.
This commercial property features over 47,000 square feet of improvements on 5.75 acres, with convenient access to I-30/59. The property, formerly the site of TTL, includes four office buildings and three storage buildings. The primary structure is a 20,000-square-foot, two-story office building constructed in 2000 and continuously renovated. It can accommodate over 70 employees in a combination of open workspace and private offices, complemented by modern conference rooms, breakrooms, and bathrooms. An original 6,500-square-foot building fronts Greensboro Avenue, and an additional 4,400-square-foot office building is located at the rear of the property with its own access to 11th Avenue. Multiple storage buildings throughout the property provide a total of 17,000 square feet of shop space. The property can be divided.
Key Highlights
- 47,000+ SF of improvements on 5.75 acres.
- Prime location with close proximity to I‑30/59.
- Includes a 20,000 SF two‑story office building renovated to accommodate 70+ employees.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $365.4k | $12.60 |
| − Vacancy | −$20.1k | −$0.69 |
| EGI | $345.3k | $11.91 |
| − OpEx | −$120.9k | −$4.17 |
| NOI | $224.4k | $7.74 |
29,000 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$4.80M
$4.20M – $5.60M
NOI $335,907 @ 7.0% cap · market cap 13.44%
Second Best
Flex RnD
$3.21M
$2.81M – $3.74M
NOI $224,447 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$6.97M
$6.10M – $8.13M
NOI $487,826 @ 7.0% cap · market cap 19.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TTL, Inc.
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Casual Class Bar Services — 3108 25th Ave Suite B, Tuscaloosa, AL 35401
FAQs
What type of property is this?
Flex space - 47,000+ SF improvements on 5.75 acres near I-30/59.
Where is this flex space located?
The property is located at 3516 Greensboro Ave Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 47,000+ SF of improvements on 5.75 acres.; Prime location with close proximity to I‑30/59.; Includes a **20,000 SF two‑story office building renovated to accommodate 70+ employees.**
