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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Turn key restaurants
1307 University Blvd Tuscaloosa, AL 35401-1631
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0415835
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,448 SF
Zoning code
BN
APN
31-06-23-2-213-002.000
UPID
US03-0415835
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
-
Druid City Music Hall Music Venue Bar & Pub
-
Jupiter Bar Music Venue Bar & Pub
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.76M
Owner & transaction history
Two Dimes LLC · 1 yrs held
Two Dimes LLC
since 2025
Last sale
$5.1M
6 recorded transactions
Zoning & alternative use
BN · 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
$4,355,000
ML approach
$4,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,890,000
Current use
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±10% · vs last sale $5.10M (Feb 28 2025)
Last sale anchor
$5.10M
Feb 28 2025
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
$354 / 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
$14,906
Tax year 2023
Assessed value
$289,440
Assessed 2023
Previous assessed
$289,440
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$39,080
Assessed improvement
$250,360
Land market value
$195,400
Improvement market value
$1,251,800
Total market value
$1,447,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
5
Bathrooms
1
Total area
13,448 SF
Zoning code
BN
APN
31-06-23-2-213-002.000
UPID
US03-0415835
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
RESTAURANT Current
Est. value
$2.9M
RESTAURANT 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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Current owner
From public records · entity-resolved
Two Dimes LLC
Entity
Mailing address
305 CHURCH ST SW STE #715, HUNTSVILLE, AL 35801-4907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 30, 2026
—
Two Dimes LLC
—
Deed
related
$450,000 · Smartbank
Feb 28, 2025
$5,100,000
Two Dimes LLC
Big Spring Venues LLC
Warranty Deed
—
Jul 17, 2019
—
Big Spring Venues LLC
Cgp Tuscaloosa Development II LLC
Warranty Deed
—
Dec 5, 2014
—
G P Tuscaloos C
Brendas Rentals LLC
Deed
—
Sep 19, 2012
$1,738,000
Brendas Rentals LLC
Butler Enterprises LLC
Warranty Deed
—
Apr 13, 2009
$1,750,000
Butler Enterprises LLC
Mrp Properties LLC
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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