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Property profile & analytics
OFF-MARKET
Estimated value
$4,525,000
Strip malls
1700 Mcfarland Blvd Northport, AL 35476-3276
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0686157
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,320 SF
Lot
5.3 ac (230,868 SF)
Zoning code
C-6
APN
31-02-10-2-002-013.000
UPID
US03-0686157
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.53M
Owner & transaction history
Outparcels Northport · 20 yrs held
Outparcels Northport
since 2006
1 recorded transaction
Zoning & alternative use
C-6 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-6 district is intended for properties adjacent to McFarland Boulevard to accommodate a wide range of commercial activities
Zone name
Commercial Highway
General category
COMMERCIAL
Zone area
495.57 ac
Source
Realmo
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 Northport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northport 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
OFFICE BUILDING
$4,625,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,035,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,980,000
Change: 0% · Conversion: Easy
RESTAURANT
$2,950,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.07M – $4.98M · ±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
$104 / 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
$40,288
Tax year 2023
Assessed value
$1,046,440
Assessed 2023
Previous assessed
$1,046,440
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$159,000
Assessed improvement
$887,440
Land market value
$795,000
Improvement market value
$4,437,200
Total market value
$5,232,200
Applied tax rate
5.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Rooms
23
Bathrooms
1
Total area
43,320 SF
Lot
5.3 ac (230,868 SF)
Zoning code
C-6
APN
31-02-10-2-002-013.000
UPID
US03-0686157
Jurisdiction
TUSCALOOSA
Zoning & alternative use
C-6 · Northport, ALZoning C-6 · permitted uses
C-6 · Northport, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-6 district is intended for properties adjacent to McFarland Boulevard to accommodate a wide range of commercial activities
Zone name
Commercial Highway
General category
COMMERCIAL
Zone area
495.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
23
Bathrooms
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Outparcels Northport
Individual
Free & Clear · 20 yrs held
Mailing address
400 UN HL DR STE #300, BIRMINGHAM, AL 35209-2064
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2006
$7,500,000
Outparcels Northport
Northport Corners 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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