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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1408 2nd Ave Tuscaloosa, AL 35401-7400

    • Investment properties
    • 6,800 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0462923
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1408 2nd Ave

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.59 lot acres
    Property size
    6,800 SF
    Zone code
    BN
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    31-06-24-3-002-030.011
    APU
    3106243002030011

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,345,000
      6.5%
      $1,245,000
      7%
      $1,155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,066,000
      Market price range: $383k - $1.18M
      AI Estimate
      $794,000
      Market price range: $201k - $962k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $785,000
      Current use
      RESTAURANT
      $1,460,000
      Change: +86% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,205,000
      Change: +53% Conversion: Difficult
      OFFICE BUILDING
      $885,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $645,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5375
    Latitude
    33.1996
    CBSA code
    46220
    CBSA name
    TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,932
    $20,560
    $114,040
    $134,600
    -
    $102,800
    $570,200
    $673,000

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      31st St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,296 SF
      31st St, Tuscaloosa, AL 35401
      View Details
    • Value Estimation by Request
      7,089 SF

      801 Paul W Bryant Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 7,089 SF
      801 Paul W Bryant Dr, Tuscaloosa, AL 35401-1215
      View Details
    • Value Estimation by Request
      1,980 SF

      609 Greensboro Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,980 SF
      609 Greensboro Ave, Tuscaloosa, AL 35401-1761
      View Details
    • Value Estimation by Request
      1,008 SF

      1914 Ml King Jr Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      1914 Ml King Jr Blvd, Tuscaloosa, AL 35401-4134
      View Details
    • Value Estimation by Request
      1,284 SF

      416 Paul W Bryant E Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,284 SF
      416 Paul W Bryant E Dr, Tuscaloosa, AL 35401-2009
      View Details
    • Value Estimation by Request
      856 SF

      1117 27th Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 856 SF
      1117 27th Pl, Tuscaloosa, AL 35401-6646
      View Details

    Similar Nearby for Sale

    • $3,750,000
      47,000 SF

      Tuscaloosa Mixed-Use Investment Opportunity

      Large mixed-use property near I-30/59.
      3516 Greensboro Ave, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      1.28 Acres

      Prime Tuscaloosa Redevelopment Site

      1.28-acre corner lot, high traffic
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    • $3,695,000
      46,287 SF

      Downtown Tuscaloosa Mixed-Use Property

      Prime Tuscaloosa Office/Warehouse Opportunity
      912 29Th Ave, Tuscaloosa, AL 35401
      View Details
    • $3,695,000
      46,287 SF

      Downtown Tuscaloosa Office/Warehouse Complex

      Prime Location, 46,287 SF, Mixed-Use
      912 29Th Ave, Tuscaloosa, AL 35401
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    • $499,900
      10,200 SF

      Mixed-Use Property on Paul Bryant Drive

      Mixed-use property with high traffic count and business potential.
      2512 Paul W Bryant Dr, Tuscaloosa, AL 35401
      View Details
    • $1,200,000
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      Tuscaloosa Mixed-Use Investment Opportunity

      High-Yield, NNN-Leased Property in Tuscaloosa
      2711 Gary Fitts St, Tuscaloosa, AL 35401
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    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Tuscaloosa Build-to-Suit Industrial

      40,000 SF Warehouse, Flexible Design
      0 Industrial Park Dr, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      2,587 SF

      Retail Spaces at Riverfront Village

      Inline, vanilla shell retail spaces available for lease.
      2370 Jack Warner Pkwy, Tuscaloosa, AL 35401
      View Details
    • $5,420 /Mo
      1,344 SF

      Retail Space on High-Traffic Corner

      1,344 SF retail space at a signalized intersection.
      710 15Th St E, Tuscaloosa, AL 35401
      View Details
    • $3,000 /Mo
      1,449 SF

      Remodeled Office Building in Tuscaloosa

      Remodeled office building with three offices, kitchen, and parking.
      514 Lurleen Wallace Blvd S, Tuscaloosa, AL 35401
      View Details
    • $2,458 /Mo
      1,639 SF

      Functional Office Space in Tuscaloosa

      Comfortable and functional office space with ample parking.
      514 Hargrove Rd, Tuscaloosa, AL 35401
      View Details
    • $2,750 /Mo
      3,225 SF

      Tuscaloosa Commercial Building For Lease

      3,225 SF commercial building near downtown Tuscaloosa available for lease.
      1220 Hargrove Rd, Tuscaloosa, AL 35401
      View Details
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    1408 2nd Ave
    Tuscaloosa, AL 35401-7400
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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