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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6115 18Th Ave Tuscaloosa, AL 35405

    • Warehouses
    • 9,800 SF
    • 2.00 lot acres
    For Lease
    View listing
    $96 SF/Yr
    Last Sale
    Aug 20, 2024
    $615,549
    Value Estimations
    $615,000
    Cap Rate Potential
    9.6%
    Warehouses
    Location Intelligence
    Property ID
    US03-0865667
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 6115 18Th Ave

    Year built
    1988
    Lot size
    2.00 lot acres
    Property size
    9,800 SF
    Property type
    Warehouses
    APN
    36-01-11-2-001-001.004
    APU
    3601112001001004

    Description

    This exceptional 9,800-square-foot warehouse, located at 6115 18th Ave in Tuscaloosa, Alabama, presents a compelling investment opportunity. Built in 1988 and extensively renovated in 2024, this single-tenant property offers a modern and efficient workspace. The building features a single story with a generous 20-foot ceiling height, providing ample storage and operational space. Access is facilitated by one loading dock and three drive-in doors, ensuring smooth and efficient loading and unloading operations. The property sits on a 4-acre lot with 169 feet of frontage, offering significant potential for expansion or future development. The building is classified as Class B and is zoned County, providing flexibility for a variety of industrial uses. The property's address is 6115 18th Ave, Tuscaloosa, AL 35405, and its APN is 36-01-11-2-001-001.004. This turnkey property is ideal for businesses seeking a well-maintained, strategically located warehouse in a thriving industrial market. The entire 9,800 square feet is currently vacant, ready for immediate occupancy. This represents a rare opportunity to acquire a fully renovated, ready-to-use industrial space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $615,000
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $615,000
      Market price range: $616k - $3.21M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5596
    Latitude
    33.1529
    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
    $1,449
    $4,000
    $49,680
    $53,680
    -
    $20,000
    $248,400
    $268,400

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      3,000 SF

      5209 Hargrove E Rd

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      5209 Hargrove E Rd, Tuscaloosa, AL 35405
      View Details
    • Value Estimation
      $3,065,000
      58,965 SF

      1219 James I Harrison Jr E Pkwy

      WAREHOUSE, STORAGE • 58,965 SF
      1219 James I Harrison Jr E Pkwy, Tuscaloosa, AL 35405-2537
      View Details
    • Value Estimation by Request
      2,000 SF

      5531 Hargrove E Rd

      MINI-WAREHOUSE, STORAGE • 2,000 SF
      5531 Hargrove E Rd, Tuscaloosa, AL 35405-7737
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    • Value Estimation by Request
      3,750 SF

      2310 44th E St

      WAREHOUSE, STORAGE • 3,750 SF
      2310 44th E St, Tuscaloosa, AL 35405-4314
      View Details
    • Value Estimation by Request
      800 SF

      1173 Whigham Pl

      MINI-WAREHOUSE, STORAGE • 800 SF
      1173 Whigham Pl, Tuscaloosa, AL 35405-3669
      View Details

    Similar Nearby for Sale

    • $899,000
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      Tuscaloosa Warehouse - $899,000

      9,800 SF Warehouse, Newly Renovated
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      I-20 Flex Space: Tuscaloosa, AL

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      Tuscaloosa Industrial Property - 9800 SF

      Prime Industrial Building, 4.37 Acres
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    • $79,900
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      Spacious Lot in Hinton Place

      Almost 1-acre lot in established Tuscaloosa neighborhood.
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      0.50 Acres

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      Corner lot in Running Brook subdivision, ideal for custom home.
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      0.22 Acres

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      Wooded lot available for building a new home.
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    Similar Nearby for Lease

    • $96 SF/Yr
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      Tuscaloosa Warehouse: Prime Investment

      9,800 SF Warehouse, Recently Renovated
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    • $6,312 /Mo
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      Tuscaloosa Commercial Ground Lease Opportunity

      Commercial ground lease opportunity in a high-traffic Tuscaloosa location.
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      View Details
    • $1.00 SF/Yr

      Tuscaloosa Pad Site - Hwy 69 S

      High-traffic retail pad site, build-to-suit options.
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    • $15,500 /Mo
      6,068 SF

      Tuscaloosa Restaurant Space For Lease

      6,000 SF restaurant space in high-traffic area, fully equipped.
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      View Details
    • Contact for pricing
      80,000 SF

      Omni Market Retail Space Available

      Tuscaloosa Retail Center: 4,800 SF Available
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    • Contact for pricing
      7,508 SF

      Tuscaloosa Restaurant Building

      7,508 SF Freestanding Restaurant
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      View Details
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    Tuscaloosa, AL 35405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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