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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Investment properties
2218 University Blvd Tuscaloosa, AL 35401-1776
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0120174
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,964 SF
Lot
0.32 ac (14,124 SF)
Zoning code
BC
APN
31-05-22-1-108-010.000
UPID
US03-0120174
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
-
Sugo Italian Restaurant Restaurant
-
Fleet Feet Tuscaloosa Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Affordable & Cheap Shop Mobile Phone Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.28M
Owner & transaction history
Highlands Limited Partnership LLC · 2 yrs held
Highlands Limited Partnership LLC
since 2023
3 recorded transactions
Zoning & alternative use
BC · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+85.7%
Warehouse, storage
$2.7M
+53.2%
Office building
$1.9M
+12.3%
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%
$2,960,000
6.5%
$2,735,000
7%
$2,540,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,730,000
Current use
RESTAURANT
$3,215,000
Change: +86% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,650,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$1,945,000
Change: +12% · Conversion: Easy
RETAIL STORES
$1,415,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±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
$152 / 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
$7,614
Tax year 2023
Assessed value
$295,620
Assessed 2023
Previous assessed
$295,620
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$42,380
Assessed improvement
$253,240
Land market value
$211,900
Improvement market value
$1,266,200
Total market value
$1,478,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Rooms
3
Bathrooms
1
Total area
14,964 SF
Lot
0.32 ac (14,124 SF)
Zoning code
BC
APN
31-05-22-1-108-010.000
UPID
US03-0120174
Jurisdiction
TUSCALOOSA
Zoning & alternative use
BC · Tuscaloosa, AL
Zoning BC · permitted uses
BC · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Rooms
3
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Highlands Limited Partnership LLC
Entity
Mailing address
2218 UNIVERSITY BLVD, TUSCALOOSA, AL 35401-1776
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2023
—
Highlands Limited Partnership LLC
Weaver Rentals LLC
Warranty Deed
$530,994 · Bankfirst
Nov 9, 2011
$425,000
Weaver Rentals LLC
G
Warranty Deed
—
Apr 7, 2008
$640,000
G
Jeanette S Kaiser
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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