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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Medical Office Space
2415 Veterans Memorial Pkwy Tuscaloosa, AL 35404-4137
Individually Owned
18-yr Hold
Free & Clear
Property ID
US03-0405124
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
4,071 SF
Zoning code
R2
APN
30-09-29-2-003-004.000
UPID
US03-0405124
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
-
Dr. William W. Hollowell, DMD Dental Office
-
Tuscaloosa Pediatric Dentistry Dental Office
-
Caroline Schoppert Dental Office
-
Rockcastle Dry Goods Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$510k
Owner & transaction history
Hollowell Real Services · 18 yrs held
Hollowell Real Services
since 2007
1 recorded transaction
Zoning & alternative use
R2 · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$720,000
+96.1%
Office building
$500,000
+35.4%
Commercial (general)
$470,000
+27.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$370,000
Current use
WAREHOUSE, STORAGE
$720,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$470,000
Change: +27% · Conversion: Easy
RETAIL STORES
$385,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$125 / 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
$7,268
Tax year 2023
Assessed value
$141,120
Assessed 2023
Previous assessed
$141,120
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$27,600
Assessed improvement
$113,520
Land market value
$138,000
Improvement market value
$567,600
Total market value
$705,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
12
Bathrooms
1
Total area
4,071 SF
Zoning code
R2
APN
30-09-29-2-003-004.000
UPID
US03-0405124
Jurisdiction
TUSCALOOSA
Zoning & alternative use
R2 · Tuscaloosa, AL
Zoning R2 · permitted uses
R2 · 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
MEDICAL BUILDING Current
Est. value
$370,000
WAREHOUSE, STORAGE
Est. value
$720,000
OFFICE BUILDING
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RETAIL STORES
Est. value
$385,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
1
Current owner
From public records · entity-resolved
Hollowell Real Services
Individual
Free & Clear · 18 yrs held
Mailing address
2415 VETERANS MEMORIAL PKWY, TUSCALOOSA, AL 35404-4137
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2007
$600,000
Hollowell Real Services
Karen F Clements
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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