Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2431 University E Blvd Tuscaloosa, AL 35404-4141
    Back to Search
    Property profile & analytics

    2431 University E Blvd Tuscaloosa, AL 35404-4141

    View on Map
    • Investment properties
    • 6,776 SF
    • 0.79 lot acres
    Off-Market
    Last Sale Jun 24, 2021
    $525,000
    Property ID
    US03-0596219
    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

    • O'Reilly Auto Parts / Auto Parts Store
    • Alberta Plaza Shopping Center / Shopping Center & Mall

    Property Details for 2431 University E Blvd

    Year built
    2004
    Lot size
    0.79 lot acres
    Property size
    6,776 SF
    Zone code
    BN
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    30-04-20-2-010-004.000
    APU
    3004202010004000

    Description

    This exceptional 1,750 square-foot retail or office space presents a remarkable opportunity in the heart of downtown Tuscaloosa. Located at 2431 University Boulevard, this Class A property boasts a highly desirable location with exceptional visibility and high traffic volume (17,000 vehicles per day). Built and renovated in 2024, the single-tenant space is move-in ready and offers a modern, efficient layout perfect for a variety of businesses. The property features one story and is immediately available for lease. The lease terms are a minimum of three years at a monthly rate of $3,900 NNN. This prime location on University Boulevard ensures maximum exposure to a large and diverse customer base, making it an ideal investment for businesses seeking a thriving downtown presence in Tuscaloosa, Alabama. The property's modern design and convenient location combine to create an unparalleled opportunity for growth and success. The zip code is 35401. Don't miss this chance to secure a prominent space in a vibrant and growing city.

    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
    -87.5057
    Latitude
    33.2059
    CBSA code
    46220
    CBSA name
    TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,110
    $11,440
    $107,200
    $118,640
    -
    $57,200
    $536,000
    $593,200

    Comparable in this City

    • Value Estimation by Request
      5,135 SF

      1393 Mcfarland E Blvd, Unit 1397

      OFFICE/RESIDENTIAL (MIXED USE) • 5,135 SF
      1393 Mcfarland E Blvd, Tuscaloosa, AL 35404-3839
      View Details
    • Value Estimation
      $1,500,000
      9,800 SF

      4816 University E Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,800 SF
      4816 University E Blvd, Tuscaloosa, AL 35404-5202
      View Details
    • Value Estimation by Request
      1,948 SF

      3618 University E Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,948 SF
      3618 University E Blvd, Tuscaloosa, AL 35404-4346
      View Details
    • Value Estimation
      $735,000
      4,800 SF

      1507 Cres Rdg NE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,800 SF
      1507 Cres Rdg NE Rd, Tuscaloosa, AL 35404-2048
      View Details
    • Value Estimation
      $1,400,000
      9,146 SF

      1650 Cres Rdg NE Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,146 SF
      1650 Cres Rdg NE Rd, Tuscaloosa, AL 35404-1724
      View Details
    • Value Estimation
      $670,000
      4,080 SF

      922 13th E St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,080 SF
      922 13th E St, Tuscaloosa, AL 35404-3842
      View Details

    Similar Nearby for Sale

    • $650,000
      8,000 SF

      Tuscaloosa Mixed-Use Property For Sale

      Mixed-use property with warehouse near University of Alabama.
      3325 University Blvd, Tuscaloosa, AL 35404
      View Details
    • $650,000

      Mixed-Use Property Near University

      Mixed-use property with warehouse near the University of Alabama.
      3325 University Blvd E, Tuscaloosa, AL 35404
      View Details
    • $399,000
      0.48 Acres

      Tuscaloosa Commercial Opportunity Zone Lot

      Commercial lot in Tuscaloosa's Opportunity Zone, near amenities.
      2523 University Blvd E, Tuscaloosa, AL 35404
      View Details
    • $849,000
      32,944 SF

      Tuscaloosa Land For Sale

      High-traffic corner lot in Tuscaloosa's Alberta City, near UA and DCH.
      2430 University Blvd E, Tuscaloosa, AL 35404
      View Details
    • Contact for pricing

      Residential Lot in Hillsdale

      Residential lot ready for your dream home in Tuscaloosa.
      906 Hillsdale Ct, Tuscaloosa, AL 35404
      View Details
    • $850,000

      High-Traffic Corner Lot in Alberta

      Prime corner lot suitable for retail, office, or automotive.
      2430 University Blvd East, Tuscaloosa, AL 35404
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,500 SF

      Tuscaloosa Office Suite For Rent

      Renovated office suite on high-visibility corridor near University of Alabama.
      2110 University Blvd E, Tuscaloosa, AL 35404
      View Details
    • Contact for pricing

      Tuscaloosa Retail Space Available

      6000 SF retail space in high-traffic Tuscaloosa location.
      4628 University Blvd E, Tuscaloosa, AL 35404
      View Details
    • $2,500 /Mo
      1,033 SF

      Turnkey Commercial Kitchen in Tuscaloosa

      Turnkey food truck commissary/restaurant with fully operational commercial kitchen.
      3702 Alabama Ave NE, Tuscaloosa, AL 35404
      View Details
    • $2,588 /Mo
      1,725 SF

      Tuscaloosa Office Space For Rent

      1,725 SF office suite in multi-tenant strip center.
      4720 University Blvd, Tuscaloosa, AL 35404
      View Details
    • $5,000 /Mo
      6,000 SF

      Tuscaloosa Retail Space Available

      6000 SF retail space in high-traffic Tuscaloosa location.
      4628 University Blvd, Tuscaloosa, AL 35404
      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.
    2431 University E Blvd
    Tuscaloosa, AL 35404-4141
    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
    2431 University E Blvd, Tuscaloosa, AL, 35404
    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!