Listing Agency: Harwood Real Estate LLC

Listed By: Richard Harwood · License #118535018 Show Phone

Source: Thegraygroupal

Added: Aug 8 Changed: Oct 11 Last Checked: Oct 16 at 6:09AM

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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.

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 / Yr

$128,984

Cap Rate

8.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,579,680 $2.6M

Cap Rate 7%

$1,842,629 $1.8M

Cap Rate 9%

$1,433,156 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 26,798 SF

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 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 (±1% cap)

NOI $162,353 @ 7.0% cap · market cap 10.83%

Second Best

Industrial

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,984 @ 7.0% cap · market cap 8.60%

Theoretical Best

Office A

$6.44M

$5.63M – $7.51M (±1% cap)

NOI $450,785 @ 7.0% cap · market cap 30.07%

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

Property Analytics

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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.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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 - 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