Listing Agency: Harwood Real Estate LLC

Listed By: Richard Harwood · License #118535018 Show Phone

Source: Advantagerealtygroup

Added: Aug 8 Changed: Oct 2 Last Checked: Oct 16 at 6:04AM

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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

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Investment Insights

Based on property information with market context.

This 4,490-square-foot warehouse features an open interior that can accommodate storage, light industrial, or distribution operations. Approximately 24-foot eave heights support a range of warehouse configurations, while an at-grade roll-up door provides direct loading access. The property also includes a dedicated fenced laydown area.

The building is vacant and located at 912 29th Avenue #1A in downtown Tuscaloosa, Alabama. Its existing layout and loading features provide a practical foundation for an owner-user or investor seeking an industrial property with adaptable space.

Key Highlights

• 4,490 SF warehouse with an open interior layout
• Approximately 24' eave heights
• At‑grade loading through a roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,202

Cap Rate

4.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,040 $544.0K

Cap Rate 7%

$388,600 $388.6K

Cap Rate 9%

$302,244 $302.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,490 SF

Gross rent

$33.4K $7.44/SF

− Vacancy

−$1.4K −$0.31/SF

EGI

$32.0K $7.13/SF

− OpEx

−$4.8K −$1.07/SF

NOI

$27.2K $6.06/SF

Area

Tuscaloosa, AL

Vacancy

4.20%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,040

Cap Rate 7%

$388,600

Cap Rate 9%

$302,244

Alternative Uses

Best Use

Warehouse

$388.6K

$340.0K – $453.4K (±1% cap)

NOI $27,202 @ 7.0% cap · market cap 4.54%

Second Best

Industrial

$308.7K

$270.1K – $360.2K (±1% cap)

NOI $21,611 @ 7.0% cap · market cap 3.61%

Theoretical Best

Office A

$1.08M

$944.1K – $1.26M (±1% cap)

NOI $75,529 @ 7.0% cap · market cap 12.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Storage Center Storage Facility WeConnect International Warehouse & Storage Air-Tek of Tuscaloosa LLC HVAC Service

Suggested Use

Top Pick Dental Office Electrical Service Storage Facility Locksmith Pharmacy Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Warehouse with Fenced Yard

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Self-Storage Facility with Climate Control

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Contact for pricing

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Rail-Served Industrial Logistics Site

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Mixed-Use Live-Work Property

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Office Building with Parking

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Duplex with Rooftop Terrace

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View details

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 warehouse with open layout, at-grade loading, and a fenced 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: 4,490 SF warehouse with an open interior layout; Approximately 24' eave heights; At‑grade loading through a roll‑up door