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    Property profile & analytics

    1400 Commerce Dr Tuscaloosa, AL 35401-0401

    • Distribution centers
    • 1,125 SF
    • 2.26 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2023
    $524,175
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0772073
    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

    • Distribution centers

    Property Details for 1400 Commerce Dr

    Year built
    1987
    Construction
    WOOD
    Lot size
    2.26 lot acres
    Property size
    1,125 SF
    Zone code
    ML
    Property type
    Distribution centers
    APN
    31-04-18-4-002-001.011
    APU
    3104184002001011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $455,000
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $368,000
      Market price range: $70.7k - $368k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.617
    Latitude
    33.2223
    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
    $5,019
    $13,560
    $83,900
    $97,460
    -
    $67,800
    $419,500
    $487,300

    Comparable in this City

    • Value Estimation
      $240,000
      19,107 SF

      3514 Greensboro Ave

      DISTRIBUTION WAREHOUSE • 19,107 SF
      3514 Greensboro Ave, Tuscaloosa, AL 35401-7002
      View Details
    • Value Estimation
      $400,000
      8,739 SF

      6000 Grover Burchfield Dr

      DISTRIBUTION WAREHOUSE • 8,739 SF
      6000 Grover Burchfield Dr, Tuscaloosa, AL 35401-9328
      View Details
    • Value Estimation
      $445,000
      176,846 SF

      1420 Industrial Park Dr

      DISTRIBUTION WAREHOUSE • 176,846 SF
      1420 Industrial Park Dr, Tuscaloosa, AL 35401-0427
      View Details
    • Value Estimation
      $445,000
      23,760 SF

      901 29th St

      DISTRIBUTION WAREHOUSE • 23,760 SF
      901 29th St, Tuscaloosa, AL 35401-7117
      View Details
    • Value Estimation
      $505,000
      27,600 SF

      2712 Southside Dr

      DISTRIBUTION WAREHOUSE • 27,600 SF
      2712 Southside Dr, Tuscaloosa, AL 35401-5600
      View Details
    • Value Estimation by Request
      40,000 SF

      Industrial Park Dr

      Refrigerated & Cold Storages • 40,000 SF
      0 Industrial Park Dr, Tuscaloosa, AL 35401
      View Details

    Similar Nearby for Sale

    • $3,750,000
      47,000 SF

      Tuscaloosa Industrial Portfolio

      Multi-use property, 47,000 SF, 7 buildings
      3516 Greensboro Ave, Tuscaloosa, AL 35401
      View Details
    • $3,695,000
      46,287 SF

      Downtown Tuscaloosa Office/Warehouse Complex

      Prime Location, 46,287 SF, Mixed-Use
      912 29Th Ave, Tuscaloosa, AL 35401
      View Details
    • $4,000,000
      31.00 Acres

      Tuscaloosa Industrial Land - 31 Acres

      Prime 31-acre industrial site, unrestricted zoning.
      0 Joe Mallisham Pkwy, Tuscaloosa, AL 35401
      View Details
    • $3,500,000
      0.80 Acres

      Tuscaloosa Riverfront District Land

      0.80-acre site with 4,700 SF building in Riverfront District.
      2317 Jack Warner Pkwy, Tuscaloosa, AL 35401
      View Details
    • $75,000
      1,446 SF

      Tuscaloosa Commercial Property with Shop

      Two parcels, one with shop building, zoned MG.
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    • $200,000
      1,300 SF

      Tuscaloosa Commercial Building For Sale

      Vacant 1,300 SF building suitable for retail or warehouse use.
      1124 17Th St, Tuscaloosa, AL 35401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Tuscaloosa Build-to-Suit Industrial

      40,000 SF Warehouse, Flexible Design
      0 Industrial Park Dr, Tuscaloosa, AL 35401
      View Details
    • $10,250 /Mo
      11,919 SF

      Downtown Tuscaloosa Office and Warehouse

      Office and warehouse space near University of Alabama and downtown.
      1419 22Nd Ave, Tuscaloosa, AL 35401
      View Details
    • $2,750 /Mo
      3,225 SF

      Tuscaloosa Commercial Building For Lease

      3,225 SF commercial building near downtown Tuscaloosa available for lease.
      1220 Hargrove Rd, Tuscaloosa, AL 35401
      View Details
    • $9 SF/Yr
      11,460 SF

      Tuscaloosa Flex Space For Rent

      Centrally located flex space with warehouse and drive-in door.
      1601 23Rd Ave, Tuscaloosa, AL 35401
      View Details
    • $1.10 SF/Yr
      43,560 SF

      Tuscaloosa Industrial Land For Sale/Lease

      ±1 Acre, I-359 Visibility, Ready to Develop
      0 11Th St, Tuscaloosa, AL 35401
      View Details
    • $5,420 /Mo
      1,344 SF

      Retail Space on High-Traffic Corner

      1,344 SF retail space at a signalized intersection.
      710 15Th St E, Tuscaloosa, AL 35401
      View Details
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    Tuscaloosa, AL 35401-0401
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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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