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Property profile & analytics
OFF-MARKET
Turn key restaurants
2230 University Blvd Tuscaloosa, AL 35401-1542
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US03-0924330
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,680 SF
Lot
0.12 ac (5,280 SF)
Zoning code
BC
APN
31-05-22-1-108-024.000
UPID
US03-0924330
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
-
Avenue Pub - Downtown Tuscaloosa Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cook Donald
Cook Donald
since 2026
Last sale
$216,000
5 recorded transactions
Zoning & alternative use
BC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,583
Tax year 2023
Assessed value
$205,500
Assessed 2023
Previous assessed
$244,960
-16.1% YoY
Effective rate
5.15%
On assessed value
Assessed land
$17,420
Assessed improvement
$188,080
Land market value
$87,100
Improvement market value
$940,400
Total market value
$1,027,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
5
Bathrooms
1
Total area
9,680 SF
Lot
0.12 ac (5,280 SF)
Zoning code
BC
APN
31-05-22-1-108-024.000
UPID
US03-0924330
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.
Building & site characteristics
From public records
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Cook Donald
Individual
Mailing address
2491 HUNTINGTON GLN DR, BIRMINGHAM, AL 35226-1998
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
$1,448,000
Cook Donald
Grocery Brewpub LLC
Quitclaim Deed
—
Jan 20, 2023
$216,000
Grocery Brewpub LLC
Msrp Investments LLC
Warranty Deed
$857,079 · Bryant Bank
Oct 16, 2020
$1,675,000
Grocery Brewpub LLC
2230 University LLC
Warranty Deed
$1,400,000 · Bryant Bank
Dec 17, 2018
—
2230 University LLC
James Randall Roberson
Warranty Deed
—
Apr 24, 2017
—
James Randall Roberson
—
Deed
related
$200,000 · Roberson Marilyn G
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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