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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Medical Office Space
1224 Mcfarland NE Blvd Tuscaloosa, AL 35406-2287
Entity Owned
2-yr Hold
Free & Clear
Property ID
US03-0531782
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Construction
WOOD
Total area
4,334 SF
Lot
1 ac (43,512 SF)
Zoning code
BN
APN
31-01-12-3-002-001.000
UPID
US03-0531782
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
-
Ear Nose & Throat Associates of Tuscaloosa PC, Salem K. David, Jr, MD Physician
-
Salem David Physician
-
Christie H. Burch, Audiologist Physician
-
Tuscaloosa Sinus Center Medical Clinic
-
Ellison Uzzell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$500k
Owner & transaction history
Dp Holdings LLC-series 1224 Mcfarla · 2 yrs held
Dp Holdings LLC-series 1224 Mcfarla
since 2023
1 recorded transaction
Zoning & alternative use
BN · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$770,000
+96.1%
Office building
$530,000
+35.4%
Commercial (general)
$500,000
+27.4%
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
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$390,000
Current use
WAREHOUSE, STORAGE
$770,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$500,000
Change: +27% · Conversion: Easy
RETAIL STORES
$410,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$115 / 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
$9,628
Tax year 2023
Assessed value
$186,960
Assessed 2023
Previous assessed
$186,960
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$73,980
Assessed improvement
$112,980
Land market value
$369,900
Improvement market value
$564,900
Total market value
$934,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
21
Bathrooms
1
Total area
4,334 SF
Lot
1 ac (43,512 SF)
Zoning code
BN
APN
31-01-12-3-002-001.000
UPID
US03-0531782
Jurisdiction
TUSCALOOSA
Zoning & alternative use
BN · Tuscaloosa, AL
Zoning BN · permitted uses
BN · 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
MEDICAL BUILDING Current
Est. value
$390,000
WAREHOUSE, STORAGE
Est. value
$770,000
OFFICE BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$500,000
RETAIL STORES
Est. value
$410,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1964
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
21
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Dp Holdings LLC-series 1224 Mcfarla
Entity
Free & Clear · 2 yrs held
Mailing address
1224 MCFARLAND BLVD NE, TUSCALOOSA, AL 35406-2287
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
—
Dp Holdings LLC-series 1224 Mcfarla
Overlook Holdings LLC
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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