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    Property profile & analytics

    4628 University Blvd Tuscaloosa, AL 35404

    • Neighborhood centers
    • 50,878 SF
    • 3.97 lot acres
    For Lease
    View listing
    $144 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Su Beauty Supply / Cosmetic Store
    • 2468 Plus LLC / (Bike/Boat/Book/etc) Store
    • The Yard Sale / Home Decor Store / Department Store
    • Western Union / Bank / Credit Union
    • Skyland Plaza Shopping Center / Shopping Center & Mall

    Property Details for 4628 University Blvd

    Lot size
    3.97 lot acres
    Property size
    50,878 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.4753
    Latitude
    33.196

    Comparable in this City

    • Value Estimation by Request

      1329 Mcfarland Blvd

      Lifestyle centers
      1329 Mcfarland Blvd, Tuscaloosa, AL 35404
      View Details
    • Value Estimation
      $5,590,000
      66,023 SF

      2300 Mcfarland E Blvd

      SHOPPING CENTER, STRIP CENTER • 66,023 SF
      2300 Mcfarland E Blvd, Tuscaloosa, AL 35404-5802
      View Details
    • Value Estimation by Request
      960 SF

      1700 Holt NE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 960 SF
      1700 Holt NE Rd, Tuscaloosa, AL 35404-1046
      View Details
    • Value Estimation by Request
      1,702 SF

      1464 39th E Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,702 SF
      1464 39th E Ave, Tuscaloosa, AL 35404-5122
      View Details
    • Value Estimation
      $695,000
      6,000 SF

      405 Cres Rdg NE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,000 SF
      405 Cres Rdg NE Rd, Tuscaloosa, AL 35404-2765
      View Details
    • Value Estimation
      $680,000
      6,500 SF

      1000 13th E St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,500 SF
      1000 13th E St, Tuscaloosa, AL 35404-3809
      View Details

    Similar Nearby for Sale

    • $849,000
      32,944 SF

      Prime Commercial Land For Sale

      High-traffic corner lot suitable for retail, office, or restaurant.
      2430 University Blvd E, Tuscaloosa, AL 35404
      View Details
    • $849,000
      32,944 SF

      Tuscaloosa Land For Sale

      High-traffic corner lot in Tuscaloosa's Alberta City, near UA and DCH.
      2430 University Blvd E, Tuscaloosa, AL 35404
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    • $650,000
      8,000 SF

      Tuscaloosa Mixed-Use Property For Sale

      Mixed-use property with warehouse near University of Alabama.
      3325 University Blvd, Tuscaloosa, AL 35404
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    • Contact for pricing
      1.20 Acres

      Prime Commercial Land on McFarland

      1.2 acres on McFarland Blvd, high traffic location.
      1410 Mcfarland Blvd E, Tuscaloosa, AL 35404
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    • $999,000
      11,528 SF

      Tuscaloosa Warehouse - $999,000

      11,528 SF Warehouse, Two Buildings
      4201 Veterans Memorial Pkwy, Tuscaloosa, AL 35404
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    • $399,000
      0.48 Acres

      Tuscaloosa Commercial Opportunity Zone Lot

      Commercial lot in Tuscaloosa's Opportunity Zone, near amenities.
      2523 University Blvd E, Tuscaloosa, AL 35404
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    Similar Nearby for Lease

    • $144 SF/Yr
      50,878 SF

      4628 University Blvd

      Neighborhood centers • 50,878 SF
      4628 University Blvd, Tuscaloosa, AL 35404
      View Details
    • $2,500 /Mo
      1,033 SF

      Turnkey Commercial Kitchen in Tuscaloosa

      Turnkey food truck commissary/restaurant with fully operational commercial kitchen.
      3702 Alabama Ave NE, Tuscaloosa, AL 35404
      View Details
    • $900 /Mo
      1,200 SF

      Tuscaloosa Retail/Office Space Available

      Versatile 1,200 sq ft retail/office space near University of Alabama.
      3518 Loop Rd, Tuscaloosa, AL 35404
      View Details
    • $5,000 /Mo
      6,000 SF

      Tuscaloosa Retail Space Available

      6000 SF retail space in high-traffic Tuscaloosa location.
      4628 University Blvd, Tuscaloosa, AL 35404
      View Details
    • $2,700 /Mo
      1,800 SF

      Tuscaloosa Commercial Flex Space Available

      1,800 SF flex space with office, warehouse, and fenced yard.
      4720 University Blvd, Tuscaloosa, AL 35404
      View Details
    • $1,800 /Mo
      1,500 SF

      Renovated Office Suite on University

      Commercial office suite for rent on high-visibility University Blvd.
      2110 University Blvd E, Tuscaloosa, AL 35404
      View Details
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    Tuscaloosa, AL 35404
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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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