Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2611 21st St Tuscaloosa, AL 35401-4446
    Back to Search
    Property profile & analytics

    2611 21st St, Tuscaloosa, AL 35401-4446

    View on Map
    • Warehouses
    • 2,160 SF
    • 0.88 lot acres
    Off-Market
    Last Sale Jan 29, 2024
    Property ID
    US03-0344965
    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

    • Warehouses

    Property Details for 2611 21st St

    Year built
    1955
    Lot size
    0.88 lot acres
    Zone code
    MG
    Property type
    Warehouses
    APN
    31-08-27-1-044-005.000
    APU
    3108271044005000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 29, 2024 — Holetah Properties LLC Spiller Investments INC Warranty Deed —

    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
    -87.5644
    Latitude
    33.1933
    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
    $2,546
    $7,420
    $42,020
    $49,440
    -
    $37,100
    $210,100
    $247,200

    Comparable in this City

    • Value Estimation
      $720,000
      15,256 SF

      1511 12th Ave

      WAREHOUSE, STORAGE
      1511 12th Ave, Tuscaloosa, AL 35401-4705
      View Details
    • Value Estimation by Request
      5,900 SF

      1101 University Blvd

      WAREHOUSE, STORAGE
      1101 University Blvd, Tuscaloosa, AL 35401-1628
      View Details
    • Value Estimation by Request
      4,916 SF

      1920 Culver Rd

      WAREHOUSE, STORAGE
      1920 Culver Rd, Tuscaloosa, AL 35401-3819
      View Details
    • Value Estimation
      $1,070,000
      6,900 SF

      1351 35th St

      MINI-WAREHOUSE, STORAGE
      1351 35th St, Tuscaloosa, AL 35401-7073
      View Details
    • Value Estimation
      $705,000
      15,000 SF

      51st Ave

      WAREHOUSE, STORAGE
      51st Ave, Tuscaloosa, AL 35401
      View Details
    • Value Estimation
      $3,360,000
      9,652 SF

      701 Black Bears Way

      WAREHOUSE, STORAGE
      701 Black Bears Way, Tuscaloosa, AL 35401-4808
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,287 SF

      Downtown Tuscaloosa Office/Warehouse Space

      45,000+ SF office/warehouse space in downtown Tuscaloosa.
      912 29Th Ave, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      1,300 SF

      Vacant Building with Walk-in Cooler

      Vacant building suitable for warehouse, apartments, or retail.
      1124 17Th St, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      12,000 SF

      Tuscaloosa Commercial Property For Sale

      Versatile commercial property near downtown Tuscaloosa, ideal for redevelopment.
      2411 17Th St, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      9,600 SF

      9600 SF Shop Space

      9600 SF shop space on 1.31 acres.
      3723 11Th Ave, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      29,000 SF

      Versatile Commercial Property in Tuscaloosa

      47,000+ SF improvements on 5.75 acres near I-30/59.
      3516 Greensboro Ave, Tuscaloosa, AL 35401
      View Details
    • $3,500,000
      0.80 Acres

      Tuscaloosa Riverfront District Land

      0.80-acre site with 4,700 SF building in Riverfront District.
      2317 Jack Warner Pkwy, Tuscaloosa, AL 35401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,090 SF

      Tuscaloosa Warehouse/Distribution Space For Lease

      Functional warehouse/distribution space in central Tuscaloosa industrial location.
      2501 17Th St, Tuscaloosa, AL 35401
      View Details
    • $5,363 /Mo
      16,090 SF

      Tuscaloosa Warehouse/Distribution Space Available

      Functional warehouse/distribution space in Central Tuscaloosa, less than two minutes from I-359.
      2501 17Th St, Tuscaloosa, AL 35401
      View Details
    • $2,750 /Mo
      3,225 SF

      Tuscaloosa Commercial Building For Lease

      3,225 SF commercial building near downtown Tuscaloosa available for lease.
      1220 Hargrove Rd, Tuscaloosa, AL 35401
      View Details
    • $3,465 /Mo
      10,396 SF

      Tuscaloosa Warehouse Space Available

      Warehouse space for lease in Tuscaloosa, suitable for various uses.
      2501 17Th St, Tuscaloosa, AL 35401
      View Details
    • $1.10 SF/Yr
      43,560 SF

      Tuscaloosa Industrial Land For Sale/Lease

      ±1 Acre, I-359 Visibility, Ready to Develop
      0 11Th St, Tuscaloosa, AL 35401
      View Details
    • $4,800 /Mo
      3,000 SF

      Downtown Tuscaloosa Office Space

      Office space with high visibility and revitalization neighborhood.
      1600 Greensboro Ave, Tuscaloosa, AL 35401
      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.
    2611 21st St
    Tuscaloosa, AL 35401-4446
    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
    2611 21st St, Tuscaloosa, AL, 35401
    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!