600 64Th Ave Northport, AL 35476
Property profile & analytics
600 64Th Ave, Northport, AL 35476
- Office buildings
- 10,000 SF
- 7.90 lot acres
Property ID
US03-1014763
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 600 64Th Ave
- Year built
- 1998
- Construction
- WOOD
- Lot size
- 7.90 lot acres
- Zone code
- M-1
- Property type
- Office buildings
- APN
- 31-04-18-1-002-007.000
- APU
- 3104181002007000
Description
This exceptional investment opportunity presents a 67,659-square-foot flex industrial property located at 600 64th Ave, Northport, Alabama, 35476. The property is currently 100% occupied under an absolute NNN lease with Coral Industries, the largest independent manufacturer of bath enclosures, owned by KPS Capital Partners (approximately $21.4 billion in assets under management). The lease, originally a 10-year agreement, has approximately 3 years remaining, with a built-in option for a further 10-year term. The lease boasts rare annual increases of $18,000 in the base term and options, exceeding a 4% annual growth rate. The property offers significant advantages, including a 7.85% cap rate and a strong NOI of $432,000. Priced at $5,500,000, this represents a well-below-replacement cost of $81 per square foot. Situated on an oversized 6.7-acre parcel, the facility is strategically located near Coral Industries' 325,000-square-foot manufacturing facility and headquarters. The property benefits from its proximity to a rapidly growing trade area (over 70,000 residents, 33% growth in the last decade), a 1,000-acre airport industrial park, and a major employment hub (41,000 employees within 5 miles). Furthermore, its location across from the Tuscaloosa National Airport (undergoing a $16.2 million upgrade/expansion), easy access to Hwy-82, and proximity to the University of Alabama (39,600 students), a luxury mixed-use development, and a major sports complex contribute to its exceptional investment potential.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Northport
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.6197
- Latitude
- 33.2296
- CBSA code
- 46220
- CBSA name
- TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,151
$63,200
$179,180
$242,380
-
$316,000
$895,900
$1,211,900
