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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Medical Office Space
1800 Mcfarland N Blvd Tuscaloosa, AL 35406-2114
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0894720
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
1,488 SF
Lot
0.03 ac (1,507 SF)
Zoning code
BGO
APN
31-01-11-4-002-037.042
UPID
US03-0894720
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
-
Chipotle Mexican Grill Restaurant
-
Chicken Salad Chick Take-out & Catering
-
Tropical Smoothie Cafe Restaurant
-
KAY Jewelers (Bike/Boat/Book/etc) Store
-
PurpleRae The Studio Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Elrod Properties Tuscaloosa LLC · 2 yrs held
Elrod Properties Tuscaloosa LLC
since 2023
Last sale
$845,000
5 recorded transactions
Zoning & alternative use
BGO · 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
$730,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $845k (Oct 20 2023)
Last sale anchor
$845k
Oct 20 2023
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
$531 / 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
$1,889
Tax year 2023
Assessed value
$36,680
Assessed 2023
Previous assessed
$41,480
-11.6% YoY
Effective rate
5.15%
On assessed value
Assessed land
$3,020
Assessed improvement
$33,660
Land market value
$15,100
Improvement market value
$168,300
Total market value
$183,400
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 BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
1,488 SF
Lot
0.03 ac (1,507 SF)
Zoning code
BGO
APN
31-01-11-4-002-037.042
UPID
US03-0894720
Jurisdiction
TUSCALOOSA
Zoning & alternative use
BGO · Tuscaloosa, AL
Zoning BGO · permitted uses
BGO · 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.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Elrod Properties Tuscaloosa LLC
Entity
Mailing address
11716 ELAM DR, NORTHPORT, AL 35475-3563
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
$845,000
Elrod Properties Tuscaloosa LLC
Grelle Land Holdings LLC
Warranty Deed
$855,000 · Local Bank
Jul 19, 2019
$675,000
Greele Land Holdings LLC
Bariatric Real Estate LLC
Warranty Deed
$657,500 · Alabama One Credit Union
Oct 10, 2007
$200,000
Real Bariatric
John M Morgan
Deed
—
Feb 27, 2007
$200,000
John M Morgan
Asa Goode
Deed
—
Dec 2, 2005
$147,300
Asa Goode
Professional Center 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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