New Construction Office
New
For Sale
$699,900
Hargrove Road E, Tuscaloosa, AL 35405
CommercialSale, Tuscaloosa, AL
Property Size2,127 SF
Lot Size0.30 Acres
Price / SF$329.06
Days on Market2
Property Features for Hargrove Road E
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
From McFarland Blvd E, Turn left onto Hargrove Rd E. Pass Snow Hinton Park, and the property will be on the right - on the corner of Hargrove Rd & Elmira.
Subdivision
(03) East Tuscaloosa City
Standard status
Active
APN
30-09-30-3-003-004.000
Size
2,127 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
Lot 6 Of Elmira Drive
Tax Annual Amount
257
Legal Description
Lot 6 Of Elmira Drive
Utilities
Cooling system
Central Air
Amenities
offices
conference room
restrooms
waiting area
lobby
break room
Building Details
Number of units
1
Roof type
Composition, Shingle
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Brittney Marcum
(205) 393-5809
Added: Aug 27
Last Checked: Aug 28 at 6:06AM
MLS# 177138
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 new-construction office building provides 2,127 square feet of professional workspace on a 0.3-acre parcel. The interior includes seven offices, a conference room, two restrooms, a waiting area, lobby, and break room. Central air and a composition shingle roof are included, along with dedicated parking.
Positioned on Hargrove Road E in Tuscaloosa, the property offers high visibility and is near Snow Hinton Park, the University of Alabama, DCH, University Mall, and surrounding businesses. Flooring and finish selections remain available for a limited time, allowing the final interior details to be chosen during the remaining construction process.
Positioned on Hargrove Road E in Tuscaloosa, the property offers high visibility and is near Snow Hinton Park, the University of Alabama, DCH, University Mall, and surrounding businesses. Flooring and finish selections remain available for a limited time, allowing the final interior details to be chosen during the remaining construction process.
Key Highlights
- New‑construction office building with 2,127 square feet
- Seven private offices plus conference room, waiting area, lobby, and break room
- Two restrooms and dedicated on‑site parking
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
$24,637
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
3.52%
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%
$492,740
$492.7K
Cap Rate 7%
$351,957
$352.0K
Cap Rate 9%
$273,744
$273.7K
Market Conditions
NOI Build-Up for 2,127 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
$42.1K $19.80/SF
− Vacancy
−$9.3K −$4.36/SF
EGI
$32.8K $15.44/SF
− OpEx
−$8.2K −$3.86/SF
NOI
$24.6K $11.58/SF
Area
Tuscaloosa, AL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$492,740
Cap Rate 7%
$351,957
Cap Rate 9%
$273,744
Alternative Uses
Best Use
Office B
$352.0K
$308.0K – $410.6K
NOI $24,637 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.1K
$447.3K – $596.3K
NOI $35,780 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 35405, AL
45,155
Population
22,260
Households
2
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
52.9 sq mi
ZIP Area
854
Density / Sq Mi
$61,371
Median Household Income
$39,077
Median Earnings
$1,057
Median Rent
$224,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern professional layout with dedicated parking, central air, and convenient access to major Tuscaloosa destinations.
Where is this office building located?
The property is located at Hargrove Road E Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: New‑construction office building with 2,127 square feet; Seven private offices plus conference room, waiting area, lobby, and break room; Two restrooms and dedicated on‑site parking
