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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
1031 Rice Vly N Rd Tuscaloosa, AL 35406-2782
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0851946
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
WOOD
Total area
2,640 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
31-01-11-1-001-006.000
UPID
US03-0851946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bella Grace Nails Etc Nail Salon
-
All Dolled Up Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Northriver Salon & Wellness LLC · 3 yrs held
Northriver Salon & Wellness LLC
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
C-2 · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$470,000
+87.3%
Office building
$325,000
+29.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tuscaloosa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tuscaloosa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$520,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$470,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$325,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $600k (Apr 6 2023)
Last sale anchor
$600k
Apr 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,846
Tax year 2023
Assessed value
$47,960
Assessed 2023
Previous assessed
$47,580
+0.8% YoY
Effective rate
3.85%
On assessed value
Assessed land
$7,000
Assessed improvement
$40,960
Land market value
$35,000
Improvement market value
$204,800
Total market value
$239,800
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
6
Bathrooms
3
Total area
2,640 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
31-01-11-1-001-006.000
UPID
US03-0851946
Jurisdiction
TUSCALOOSA
Zoning & alternative use
C-2 · Tuscaloosa, AL
Zoning C-2 · permitted uses
C-2 · Tuscaloosa, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tuscaloosa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$470,000
OFFICE BUILDING
Est. value
$325,000
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Northriver Salon & Wellness LLC
Entity
Mailing address
23640 HWY 18TH E, BERRY, AL 35546-4825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
$600,000
Northriver Salon & Wellness LLC
Karen Sullivan
Warranty Deed
$480,000 · Progress Bank
Jul 24, 2019
—
Karen Sullivan
—
Deed
related
$282,380 · Bankfirst
May 6, 2016
$296,500
Karen Sullivan
Everett Schofield
Warranty Deed
$278,000 · Usameribank
Apr 13, 2016
—
Karen D B A Sullivan
Karen J Sullivan
Deed
related
—
Sep 23, 2013
$200,000
Karen J Sullivan
Drucilla Christian Bookout
Warranty Deed
—
Feb 2, 2007
$151,200
Thomas Richard Christian
Marie Roberts Es Christian
Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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