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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Medical Office Space
1400 Mcfarland N Blvd Tuscaloosa, AL 35406-2209
Entity Owned
7-yr Hold
Free & Clear
Property ID
US03-0528997
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,291 SF
Lot
1.51 ac (65,601 SF)
Zoning code
BN
APN
31-01-12-3-002-004.005
UPID
US03-0528997
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
-
Select Medical Medical Clinic
-
Tuscaloosa Surgical Center Medical Clinic Hospital
-
Krispy Kreme Bakery Discount Store
-
Alabama Association of Ambulatory Surgery Centers Association / Organization
-
Lee Philip D Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.76M
Owner & transaction history
Flagship Mcfarland Tuscaloosa LLC · 7 yrs held
Flagship Mcfarland Tuscaloosa LLC
since 2018
3 recorded transactions
Zoning & alternative use
BN · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+35.4%
Commercial (general)
$2.2M
+27.4%
Retail stores
$1.8M
+4.7%
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
MEDICAL BUILDING
$1,745,000
Current use
OFFICE BUILDING
$2,360,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,220,000
Change: +27% · Conversion: Easy
RETAIL STORES
$1,825,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$91 / 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
$31,561
Tax year 2023
Assessed value
$612,840
Assessed 2023
Previous assessed
$612,840
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$111,500
Assessed improvement
$501,340
Land market value
$557,500
Improvement market value
$2,506,700
Total market value
$3,064,200
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
46
Bathrooms
1
Total area
19,291 SF
Lot
1.51 ac (65,601 SF)
Zoning code
BN
APN
31-01-12-3-002-004.005
UPID
US03-0528997
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
$1.7M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING Current
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
46
Bathrooms
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Flagship Mcfarland Tuscaloosa LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2018
$7,850,000
Flagship Mcfarland Tuscaloosa LLC
Tasc96 LLC
Warranty Deed
—
May 30, 2018
$1,278,400
Ens Investments LLC
Steven D Smith
Warranty Deed
—
May 17, 2018
$1,278,000
Steven D Smith
Smith
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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