Fenced Yard
New
For Sale
$599,000
912 29th Avenue 1A, Tuscaloosa, AL 35401
Vacant industrial space with roll-up loading access and a dedicated outdoor laydown area.
Property Size4,490 SF
Price / SF$133.41
Days on Market6
Property Features for 912 29th Avenue 1A
General Information
Standard status
Active
Size
4,490 SF
Property subtype
Commercial/Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
4,490 SF
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,169
Building Details
Building Size
4,490 SF
Listing Agency:
Harwood Real Estate LLC
(205) 799-2210
Listed By:
Richard Harwood
(205) 799-2210
Source:
Exitrealty
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 18 at 4:14AM
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 Harwood Real Estate LLC
Investment Insights
Based on property information with market context.
This approximately 4,490-square-foot warehouse offers an open interior suited to storage, light industrial activity, or distribution operations. Clear heights reach approximately 24 feet at the eaves, while an at-grade roll-up door supports straightforward loading. The property also includes a fenced laydown area for outdoor storage or material handling.
The warehouse is vacant and positioned for immediate occupancy at 912 29th Avenue 1A in downtown Tuscaloosa, Alabama. Its flexible configuration gives an owner-user or investor a practical industrial building with both enclosed space and secured exterior area.
The warehouse is vacant and positioned for immediate occupancy at 912 29th Avenue 1A in downtown Tuscaloosa, Alabama. Its flexible configuration gives an owner-user or investor a practical industrial building with both enclosed space and secured exterior area.
Key Highlights
- Approximately 4,490 SF warehouse
- Approximately 24‑foot eave heights
- At‑grade loading with roll‑up door
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
$34,751
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
5.80%
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%
$695,020
$695.0K
Cap Rate 7%
$496,443
$496.4K
Cap Rate 9%
$386,122
$386.1K
Market Conditions
NOI Build-Up for 4,490 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
$56.6K $12.60/SF
− Vacancy
−$3.1K −$0.69/SF
EGI
$53.5K $11.91/SF
− OpEx
−$18.7K −$4.17/SF
NOI
$34.8K $7.74/SF
Area
Tuscaloosa, AL
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
35.00%
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%
$695,020
Cap Rate 7%
$496,443
Cap Rate 9%
$386,122
Alternative Uses
Best Use
Flex RnD
$496.4K
$434.4K – $579.2K
NOI $34,751 @ 7.0% cap · market cap 5.80%
Second Best
Warehouse
$388.6K
$340.0K – $453.4K
NOI $27,202 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.08M
$944.1K – $1.26M
NOI $75,529 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Vacant industrial space with roll-up loading access and a dedicated outdoor laydown area.
Where is this warehouse located?
The property is located at 912 29th Avenue 1A Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 4,490 SF warehouse; Approximately 24‑foot eave heights; At‑grade loading with roll‑up door
