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Property profile & analytics
FOR LEASE
Investment properties
230 Mcfarland Blvd Northport, AL 35476
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US03-0688857
For Lease
1 / 13
$3,500/Mo
230 Mcfarland Blvd, Northport, AL 35476
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,780 SF
Zoning code
C-6
APN
31-01-11-2-001-002.000
UPID
US03-0688857
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.63M
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$4.13M
Owner & transaction history
Weaver Rentals LLC
Weaver Rentals LLC
since 2025
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
C-6 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+99.7%
Warehouse, storage
$4.7M
+40.2%
Office building
$3.6M
+8.0%
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 Northport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northport 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%
$6,095,000
6.5%
$5,625,000
7%
$5,225,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,340,000
Current use
RESTAURANT
$6,675,000
Change: +100% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,685,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$3,610,000
Change: +8% · Conversion: Easy
RETAIL STORES
$2,910,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$2,780,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.13M
Range $3.72M – $4.54M · ±10% · vs last sale $4.50M (Dec 4 2025)
Last sale anchor
$4.50M
Dec 4 2025
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
$134 / 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
$18,290
Tax year 2023
Assessed value
$475,060
Assessed 2023
Previous assessed
$475,060
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$118,720
Assessed improvement
$356,340
Land market value
$593,600
Improvement market value
$1,781,700
Total market value
$2,375,300
Applied tax rate
5.0000
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
For Lease
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
11
Bathrooms
1
Total area
30,780 SF
Zoning code
C-6
APN
31-01-11-2-001-002.000
UPID
US03-0688857
Jurisdiction
TUSCALOOSA
Zoning & alternative use
C-6 · Northport, AL
Zoning C-6 · permitted uses
C-6 · Northport, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
RESTAURANT
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Bathrooms
1
Current owner
From public records · entity-resolved
Weaver Rentals LLC
Entity
Mailing address
2206 14TH ST, TUSCALOOSA, AL 35401-2928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 4, 2025
$4,500,000
Weaver Rentals LLC
Rock Point Brewer Property LLC
Warranty Deed
$4,500,000 · Smartbank
Dec 27, 2024
—
Rock Point Brewer Property LLC
—
Deed
related
$3,000,000 · Alabama One Credit Union
Sep 11, 2019
$3,600,000
Rock Point Brewer Property LLC
Mabco LLC
Warranty Deed
$3,422,460 · Bankfirst
Sep 11, 2019
—
Rock Point Brewer Property LLC
—
Deed
related
$3,422,460 · Bankfirst
Jul 22, 2016
$1,621,500
Mabco LLC
Martha Ann Byrd
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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