Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    210 16Th St Tuscaloosa, AL 35401

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    210 16Th St Tuscaloosa, AL 35401

    View on Map
    • Multifamily properties
    • 1,426 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US03-0866547
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Multifamily properties

    Property Details for 210 16Th St

    Lot size
    0.17 lot acres
    Property size
    1,426 SF
    Property type
    Multifamily properties

    Description

    This exceptional multi-family property at 210 16th Street, Tuscaloosa, Alabama, presents a lucrative investment opportunity. Boasting 1,426 square feet on a 0.17-acre lot, this turn-key rental house is ideally situated in the Forest Lake area, offering unparalleled convenience to the University of Alabama campus. Currently 100% occupied, the property generates a substantial gross annual rent of $18,000. Its consistent occupancy is further enhanced by its proximity to the university, ensuring a steady stream of rental income. The recent completion of the 2nd Avenue flyover bridge significantly improves accessibility and adds considerable value, making this property an attractive prospect for future redevelopment. Preliminary sketches outlining potential redevelopment options are available upon request. This property is being offered at $300,000 and presents a strong investment opportunity. Note that an adjacent property, 202 16th Street, is also available for purchase at the same price, presenting the possibility of acquiring both properties for a larger portfolio. This is a rare chance to acquire a high-performing, well-located investment property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.53832
    Latitude
    33.19739

    Comparable in this City

    • $159,900
      1,347 SF

      Tuscaloosa Multi-Family Investment Opportunity

      Spacious Church Building, R4 Zoning, High Potential
      1816 26Th Ave, Tuscaloosa, AL 35401
      View Details
    • $1,900,000

      Tuscaloosa Portfolio Near University

      Ten properties near the University of Alabama, leased through July 2027.
      2741 Sumner Pl, Tuscaloosa, AL 35401
      View Details
    • $875,000

      Downtown Tuscaloosa Mixed-Use Gem

      Mixed-use property with office and residential income potential.
      2021 8Th St, Tuscaloosa, AL 35401
      View Details
    • $5,400,000
      Pending

      Tuscaloosa Multi-Unit Investment Property

      27-bedroom, 31-bathroom multi-unit property near the University of Alabama.
      1216 14Th Ave, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      850 SF

      Tuscaloosa Fourplex Near UA

      Four-unit property near UA with updated interiors.
      446 29Th Pl, Tuscaloosa, AL 35401
      View Details
    • $175,000
      2,400 SF

      Tuscaloosa Triplex Investment Opportunity

      Triplex in West Tuscaloosa with strong rental demand.
      2115 Jemison Ave, Tuscaloosa, AL 35401
      View Details

    Similar Nearby for Sale

    • $159,900
      1,347 SF

      Tuscaloosa Multi-Family Investment Opportunity

      Spacious Church Building, R4 Zoning, High Potential
      1816 26Th Ave, Tuscaloosa, AL 35401
      View Details
    • $875,000

      Downtown Tuscaloosa Mixed-Use Gem

      Mixed-use property with office and residential income potential.
      2021 8Th St, Tuscaloosa, AL 35401
      View Details
    • $1,900,000

      Tuscaloosa Portfolio Near University

      Ten properties near the University of Alabama, leased through July 2027.
      2741 Sumner Pl, Tuscaloosa, AL 35401
      View Details
    • $5,400,000
      Pending

      Tuscaloosa Multi-Unit Investment Property

      27-bedroom, 31-bathroom multi-unit property near the University of Alabama.
      1216 14Th Ave, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      850 SF

      Tuscaloosa Fourplex Near UA

      Four-unit property near UA with updated interiors.
      446 29Th Pl, Tuscaloosa, AL 35401
      View Details
    • $175,000
      2,400 SF

      Tuscaloosa Triplex Investment Opportunity

      Triplex in West Tuscaloosa with strong rental demand.
      2115 Jemison Ave, Tuscaloosa, AL 35401
      View Details

    Similar Nearby for Lease

    • $1.10 SF/Yr
      43,560 SF

      Tuscaloosa Industrial Land For Sale/Lease

      ±1 Acre, I-359 Visibility, Ready to Develop
      0 11Th St, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing

      Tuscaloosa Industrial Park Site

      Industrial site for rent in Tuscaloosa Industrial Park.
      Industrial Park Dr, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      2,587 SF

      Retail Spaces at Riverfront Village

      Inline, vanilla shell retail spaces available for lease.
      2370 Jack Warner Pkwy, Tuscaloosa, AL 35401
      View Details
    • $1,879 /Mo
      1,326 SF

      Downtown Tuscaloosa Office Space

      Office space for lease in a thriving downtown location.
      919 Greensboro Ave, Tuscaloosa, AL 35401
      View Details
    • $4,800 /Mo
      3,000 SF

      Downtown Tuscaloosa Office Space

      Office space with high visibility and revitalization neighborhood.
      1600 Greensboro Ave, Tuscaloosa, AL 35401
      View Details
    • $3,800 /Mo
      2,328 SF

      Tuscaloosa Office Building For Lease

      Centrally located office building near university and downtown Tuscaloosa.
      515 Hargrove Rd E, Tuscaloosa, AL 35401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    210 16Th St
    Tuscaloosa, AL 35401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    210 16Th St, Tuscaloosa, AL, 35401

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!