Renovated Office
For Sale
$314,900
414- Hargrove E Road, Tuscaloosa, AL 35401
Updated house-to-office conversion with parking near the University of Alabama and McFarland Boulevard.
Property Size1,399 SF
Price / SF$225.09
Days on Market55
Property Features for 414- Hargrove E Road
General Information
Standard status
Active
Size
1,399 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,661
Building Details
Year Built
1950
Listing Agency:
Advantage Realty Group
(205) 345-0116
Listed By:
Zeke Zeanah
(205) 799-5844
Source:
Exitrealty
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 16 at 7:25AM
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 Advantage Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office building incorporates a house-style layout with improvements throughout the property. Work includes a new roof, electrical and plumbing updates, replacement windows, updated fixtures and countertops, fresh interior and exterior paint, and refinished floors. Central A/C was installed approximately 7 years ago.
Constructed in 1950, the property is located at 414-Hargrove E Road in Tuscaloosa, off McFarland Boulevard and approximately 1.5 miles from the University of Alabama. On-site parking is also available, supporting day-to-day office operations.
Constructed in 1950, the property is located at 414-Hargrove E Road in Tuscaloosa, off McFarland Boulevard and approximately 1.5 miles from the University of Alabama. On-site parking is also available, supporting day-to-day office operations.
Key Highlights
- Renovated house‑to‑office property with updates throughout
- New roof, electrical, plumbing, windows, fixtures, and countertops
- Fresh interior and exterior paint with refinished floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,205
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,100
$324.1K
Cap Rate 7%
$231,500
$231.5K
Cap Rate 9%
$180,056
$180.1K
Market Conditions
NOI Build-Up for 1,399 SF
Gross rent
$27.7K $19.80/SF
− Vacancy
−$6.1K −$4.36/SF
EGI
$21.6K $15.44/SF
− OpEx
−$5.4K −$3.86/SF
NOI
$16.2K $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 Rate 5%
$324,100
Cap Rate 7%
$231,500
Cap Rate 9%
$180,056
Alternative Uses
Best Use
Office B
$231.5K
$202.6K – $270.1K
NOI $16,205 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.2K
$294.2K – $392.2K
NOI $23,533 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Updated house-to-office conversion with parking near the University of Alabama and McFarland Boulevard.
Where is this office building located?
The property is located at 414- Hargrove E Road Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Renovated house‑to‑office property with updates throughout; New roof, electrical, plumbing, windows, fixtures, and countertops; Fresh interior and exterior paint with refinished floors
