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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office buildings
2000 Veterans Memorial Pkwy Tuscaloosa, AL 35404-4054
Entity Owned
Free & Clear
Property ID
US03-0729172
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
WOOD
Total area
10,530 SF
Lot
0.8 ac (34,848 SF)
Zoning code
BN
APN
30-04-19-4-023-014.000
UPID
US03-0729172
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
-
Paul Adams: Allstate Insurance Insurance Agency
-
Lang Ray Realty Real Estate Agency
-
PeopleReady Employment Agency
-
Canon Solutions America Big Box & Wholesale Store
-
Elite Arms & Tactical (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.45M
Owner & transaction history
Ray INC
Ray INC
since 2026
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
BN · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+75.6%
Warehouse, storage
$1.9M
+44.9%
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%
$2,170,000
6.5%
$2,000,000
7%
$1,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,290,000
Current use
RESTAURANT
$2,260,000
Change: +76% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,865,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,215,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.48M (Oct 18 2021)
Last sale anchor
$1.48M
Oct 18 2021
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
$138 / 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
$14,840
Tax year 2023
Assessed value
$288,160
Assessed 2023
Previous assessed
$293,620
-1.9% YoY
Effective rate
5.15%
On assessed value
Assessed land
$28,620
Assessed improvement
$259,540
Land market value
$143,100
Improvement market value
$1,297,700
Total market value
$1,440,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
18
Bathrooms
1
Total area
10,530 SF
Lot
0.8 ac (34,848 SF)
Zoning code
BN
APN
30-04-19-4-023-014.000
UPID
US03-0729172
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
OFFICE BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2014
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
18
Bathrooms
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Ray INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1878, TUSCALOOSA, AL 35403-1878
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2026
$6,000
Ray INC
Braybar LLC
Quitclaim Deed
—
Apr 22, 2026
$1,600,000
Brayco Holdings LLC
Ray INC
Warranty Deed
—
Jun 13, 2023
—
Braybar LLC
—
Deed
related
$1,000,000 · Bankfirst
Oct 18, 2021
$1,481,700
Braybar LLC
Ray INC
Warranty 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.
Try Rey
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