Warehouse with Fenced
New
For Sale
$1,499,000
912 29th Avenue, Tuscaloosa, AL 35401
COMMERCIAL - Tuscaloosa, AL
Property Size26,798 SF
Lot Size0.62 Acres
Price / SF$55.94
Days on Market2
Property Features for 912 29th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Take 1-359/Highway 69 North toward downtown Tuscaloosa, continue on Lurleen B. Wallace Blvd. and turn right onto University Blvd. Continue east, then turn left onto 29th Avenue.
Subdivision
(02) Central Tuscaloosa City
Standard status
Active
APN
31-05-22-3-024-013.000
Size
26,798 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
Lot 1 Res Lots 334-339 Orig City
Tax Annual Amount
4734
HOA Fee
$500 Annually
Legal Description
Lot 1 Res Lots 334-339 Orig City
Building Details
Number of units
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Richard Harwood
(205) 799-2210
Added: Aug 6
Last Checked: Aug 7 at 11:06AM
MLS# 176602
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.
Investment Insights
Based on property information with market context.
This warehouse property at 912 29th Avenue includes an open interior layout suited to storage, distribution, and light industrial operations. Concrete flooring and a metal roof are among the documented building features, while loading docks support receiving and shipping activity. The property also includes a fenced yard and an unused rail spur.
Situated in Tuscaloosa, Alabama, the site is identified within the Downtown/Riverfront Tuscaloosa Area. The configuration offers a combination of warehouse space, secured exterior area, dock access, and rail infrastructure for commercial users evaluating a functional industrial property.
Situated in Tuscaloosa, Alabama, the site is identified within the Downtown/Riverfront Tuscaloosa Area. The configuration offers a combination of warehouse space, secured exterior area, dock access, and rail infrastructure for commercial users evaluating a functional industrial property.
Key Highlights
- Warehouse property with open interior layout
- Fenced yard included with the property
- Loading docks support receiving and shipping
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,984
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,579,680
$2.6M
Cap Rate 7%
$1,842,629
$1.8M
Cap Rate 9%
$1,433,156
$1.4M
Market Conditions
NOI Build-Up for 26,798 SF
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.
Gross rent
$192.9K $7.20/SF
− Vacancy
−$8.7K −$0.32/SF
EGI
$184.3K $6.88/SF
− OpEx
−$55.3K −$2.06/SF
NOI
$129.0K $4.81/SF
Area
Tuscaloosa, AL
Vacancy
4.50%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,579,680
Cap Rate 7%
$1,842,629
Cap Rate 9%
$1,433,156
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,353 @ 7.0% cap · market cap 10.83%
Second Best
Industrial
$1.84M
$1.61M – $2.15M
NOI $128,984 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$6.44M
$5.63M – $7.51M
NOI $450,785 @ 7.0% cap · market cap 30.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Storage Center — 912 29th Ave, Tuscaloosa, AL 35401
- SMP — Smp, Tuscaloosa, AL 35401
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced exterior yard and loading docks support storage and distribution functions.
Where is this warehouse located?
The property is located at 912 29th Avenue Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Warehouse property with open interior layout; Fenced yard included with the property; Loading docks support receiving and shipping
