1304 Veterans Memorial Pkwy Tuscaloosa, AL 35404-4753
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$150k
Range $135k – $165k (±10%)
Property ID
US03-1039492
Property summary
AI-generated overview
This exceptional investment opportunity presents a 1.67-acre property situated on a highly visible corner lot at 1304 Veterans Memorial Parkway in Tuscaloosa, Alabama, boasting an estimated 30,000 vehicles per day. The property comprises four parcels, including a 7,328 square foot flex space building, offering a blend of commercial and residential components. The main commercial building, totaling 5,760 square feet, features a clear span design constructed with steel and masonry, a convenient rear loading dock, and ample parking for 20 vehicles. Currently vacant, this building presents significant potential for various uses. Additionally, a 1,568 square foot residential house is included, currently leased for $1,000 per month with less than one year remaining on the lease term. An additional undeveloped one-acre lot provides further development possibilities. The entire property is priced at $2,495,000, representing a price per square foot of $340.47. Built in 1995, this property's prime location across from major retailers like Target and Home Depot ensures high visibility and accessibility, making it an attractive investment for both owner-occupiers and investors seeking strong rental income potential. The property's zoning and potential uses should be verified independently.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1995
Construction
WOOD
Total area
5,760 SF
Lot
0.44 ac (19,162 SF)
Zoning code
BN
APN
30-04-19-3-020-014.000
UPID
US03-1039492
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair Salon Nail Salon
-
Hair Salon
-
Clothing Store Fashion Accessories Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$996k
Blend (final)
Blend
$150k
Owner & transaction history
since 2014
1 recorded transaction
Zoning & alternative use
BN · Tuscaloosa, AL
Top alternative use upside
Restaurant
$1.2M
+86.6%
Warehouse, storage
$1.0M
+53.9%
Office building
$705,000
+6.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$150k
Value range
$135k – $165k
±10% around blend
Estimated value / SF
$26 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
20
$135k
blend $150k
$165k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,760 SF
Lot area
0.44 ac
Year built
1995
Stories
1
APN
30-04-19-3-020-014.000
Assessed value
$85,580
Annual tax
$4,407
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.06M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.14M
@ 6.5% CAP return
$1.06M
@ 7% CAP return
$975k
4
Sales comparison
Partial preview
Sales approach indication
$996k
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$150k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 60 sales
$115
-77%
County 85 sales
$109
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $26/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+87%
vs current-use indication
Warehouse, Storage
Office Building
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$86k
Move the market yield to see immediate price impact.
Value / SF
$15
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$5k
$108k
$77k
$60k
$6k
$120k
$86k
$67k
$7k
$132k
$94k
$73k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,407
Tax year 2023
Assessed value
$85,580
Assessed 2023
Previous assessed
$85,580
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$23,900
Assessed improvement
$61,680
Land market value
$119,500
Improvement market value
$308,400
Total market value
$427,900
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
4
Bathrooms
1
Total area
5,760 SF
Lot
0.44 ac (19,162 SF)
Zoning code
BN
APN
30-04-19-3-020-014.000
UPID
US03-1039492
Jurisdiction
TUSCALOOSA
Zoning & alternative use
BN · Tuscaloosa, ALZoning BN · permitted uses
BN · Tuscaloosa, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BN
Jurisdiction
Tuscaloosa, AL
Recorded code
BN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BN in Tuscaloosa, AL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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