Warehouse with Fenced
For Sale
$1,499,000
912 29th Avenue #4A, Tuscaloosa, AL 35401
Open-layout industrial facility with dock access, a secured yard, and an unused rail spur.
Property Size26,798 SF
Price / SF$55.94
Days on Market22
Property Features for 912 29th Avenue #4A
General Information
Standard status
Active
Size
26,798 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
11,893 SF
Rail Access
Yes
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Richard Harwood · License #118535018
Source:
Thegraygroupal
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 25 at 3:48AM
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 warehouse property offers an open, adaptable interior suited to storage, distribution, or light industrial operations. The facility includes loading docks and a fenced yard, supporting the movement and handling of goods and equipment. An unused rail spur is also part of the property’s existing improvements.
Located at 912 29th Avenue #4A in Tuscaloosa, the property is identified within the Downtown/Riverfront Tuscaloosa Area. Its combination of interior flexibility, yard space, dock access, and rail infrastructure provides a practical base for an owner-user or investor.
Located at 912 29th Avenue #4A in Tuscaloosa, the property is identified within the Downtown/Riverfront Tuscaloosa Area. Its combination of interior flexibility, yard space, dock access, and rail infrastructure provides a practical base for an owner-user or investor.
Key Highlights
- Fenced yard supports secured outdoor storage and operations
- Loading docks provide dedicated goods‑handling access
- Unused rail spur included with the property
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
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 - Open-layout industrial facility with dock access, a secured yard, and an unused rail spur.
Where is this warehouse located?
The property is located at 912 29th Avenue #4A 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: Fenced yard supports secured outdoor storage and operations; Loading docks provide dedicated goods‑handling access; Unused rail spur included with the property
