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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Hotels
111 Greensboro Ave Tuscaloosa, AL 35401-1043
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0339624
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
WOOD
Total area
59,039 SF
Lot
1.35 ac (58,806 SF)
Zoning code
RD
APN
31-05-22-2-001-003.000
UPID
US03-0339624
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
The Lookout Restaurant
-
hotel capstone Hotel & Motel
-
Hotel Indigo Tuscaloosa Downtown, an IHG Hotel Hotel & Motel
-
The Shoals Bar and Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Tuscaloosa Downtown Hotel Partners · 6 yrs held
Tuscaloosa Downtown Hotel Partners
since 2019
4 recorded transactions
Zoning & alternative use
RD · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,375,000
Current use
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10%
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
$22 / 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
$114,791
Tax year 2023
Assessed value
$2,228,960
Assessed 2023
Previous assessed
$2,228,960
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$176,420
Assessed improvement
$2,052,540
Land market value
$882,100
Improvement market value
$10,262,700
Total market value
$11,144,800
Applied tax rate
4.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
5
Rooms
110
Total area
59,039 SF
Lot
1.35 ac (58,806 SF)
Zoning code
RD
APN
31-05-22-2-001-003.000
UPID
US03-0339624
Jurisdiction
TUSCALOOSA
Zoning & alternative use
RD · Tuscaloosa, AL
Zoning RD · permitted uses
RD · 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
HOTEL/MOTEL Current
Est. value
$1.4M
HOTEL/MOTEL Current
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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
5
Rooms
110
Lot
1.35 ac
Current owner
From public records · entity-resolved
Tuscaloosa Downtown Hotel Partners
Entity
Free & Clear · 6 yrs held
Mailing address
4100 LEGENDARY DR STE #280, DESTIN, FL 32541-8608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Tuscaloosa Downtown Hotel Part
—
Deed
related
$15,500,000 · Alliant Credit Union
Aug 22, 2019
$22,700,000
Tuscaloosa Downtown Hotel Partners
Rv Hotel Owner LLC
Warranty Deed
—
Jul 29, 2015
—
R V Hotel Owner
Riverfront Village LLC
Deed
—
Aug 6, 2013
$6,230,500
Riverfront Village LLC
Tuscaloosa Motor Co INC
Limited Warranty Deed
—
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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