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    Property profile & analytics

    205 University E Blvd Tuscaloosa, AL 35401-2017

    • Turn key restaurants
    • 5,200 SF
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US03-0660818
    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

    • Newk's Eatery / Lunch Restaurant / Sandwich Shop

    Property Details for 205 University E Blvd

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    5,200 SF
    Zone code
    BN
    Property type
    Turn key restaurants
    APN
    31-06-24-1-003-010.502
    APU
    3106241003010502

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $245,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $255,000
      Mixed-Use
      $290,000
      Hospitality
      $285,000
      Educational
      $230,000
      Residential Income
      $290,000
      Energy
      $305,000
      Income-Based Land
      $270,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5333
    Latitude
    33.2067
    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
    $6,176
    $0.00
    $119,920
    $119,920
    -
    $0.00
    $599,600
    $599,600

    Comparable in this City

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      2502 21st St

      RESTAURANT • 1,278 SF
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      2,400 SF

      3620 Greensboro Ave

      RESTAURANT • 2,400 SF
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      2,466 SF

      2237 Greensboro Ave

      RESTAURANT • 2,466 SF
      2237 Greensboro Ave, Tuscaloosa, AL 35401-5620
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    • Value Estimation
      $315,000
      7,939 SF

      2209 4th St, Unit 10

      RESTAURANT • 7,939 SF
      2209 4th St, Tuscaloosa, AL 35401-1036
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      High-traffic location near University of Alabama with drive-thru.
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      Inline, vanilla shell retail spaces available for lease.
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      Retail Space on High-Traffic Corner

      1,344 SF retail space at a signalized intersection.
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      Tuscaloosa Commercial Building For Lease

      3,225 SF commercial building near downtown Tuscaloosa available for lease.
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      Tuscaloosa Office Building For Lease

      Centrally located office building near university and downtown Tuscaloosa.
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    Property Visit Statistics

    • Visits by month
      15.6k
    • Visitors by month
      13.0k
    • Avg Time on site
      31 min
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    Tuscaloosa, AL 35401-2017
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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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