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    Property profile & analytics

    1508 Hargrove Rd Tuscaloosa, AL 35401-5752

    • Investment properties
    • 4,320 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $165,000
    Location Intelligence
    Property ID
    US03-0936043
    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 1508 Hargrove Rd

    Year built
    1950
    Lot size
    0.16 lot acres
    Property size
    4,320 SF
    Zone code
    BN
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    31-07-26-2-037-004.000
    APU
    3107262037004000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $125,000
      6.5%
      $125,000
      7%
      $130,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $130,000
      Geo Method
      $155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $125,000
      Retail
      $150,000
      Mixed-Use
      $140,000
      Hospitality
      $150,000
      Educational
      $160,000
      Residential Income
      $125,000
      Energy
      $155,000
      Income-Based Land
      $135,000
      Food Service
      $155,000

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5578
    Latitude
    33.194
    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
    $1,297
    $5,120
    $20,060
    $25,180
    -
    $25,600
    $100,300
    $125,900

    Comparable in this City

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      801 Paul W Bryant Dr

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      1,980 SF

      609 Greensboro Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,980 SF
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      1914 Ml King Jr Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
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      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
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    • 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

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      Mixed-Use Property on Paul Bryant Drive

      Mixed-use property with high traffic count and business potential.
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      Tuscaloosa Mixed-Use Investment Opportunity

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    • Contact for pricing
      1.28 Acres

      Prime Tuscaloosa Redevelopment Site

      1.28-acre corner lot, high traffic
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      Downtown Tuscaloosa Mixed-Use Gem

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    Similar Nearby for Lease

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    • $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
    • New
      $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
    • $15 SF/Yr
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      Tuscaloosa Retail Space For Lease

      Prime Retail Location, High Visibility
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    Tuscaloosa, AL 35401-5752
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    Realmo Value Estimation

    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.

    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.

    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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