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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2820 9th Ave Tuscaloosa, AL 35401-5896

    • Residential income homes
    • 2,465 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0464013
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 2820 9th Ave

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    2,465 SF
    Zone code
    RMF1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    31-07-26-4-006-001.002
    APU
    3107264006001002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $130,000
      Market price range: $82.9k - $228k
      AI Estimate
      $143,000
      Market price range: $119k - $259k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $180,000
      Current use
      RETAIL STORES
      $235,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $225,000
      Change: +24% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5503
    Latitude
    33.1853
    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
    $1,454
    $6,680
    $21,560
    $28,240
    -
    $33,400
    $107,800
    $141,200

    Comparable in this City

    • Value Estimation
      $180,000
      1,545 SF

      408 29th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,545 SF
      408 29th Pl, Tuscaloosa, AL 35401-7326
      View Details
    • Value Estimation
      $160,000
      1,232 SF

      909 12th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,232 SF
      909 12th St, Tuscaloosa, AL 35401-3193
      View Details
    • Value Estimation
      $190,000
      7,048 SF

      518 13th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,048 SF
      518 13th St, Tuscaloosa, AL 35401
      View Details
    • Value Estimation
      $405,000
      10,914 SF

      919 Parkview Dr, Unit 921

      APARTMENT HOUSE (UNDER 5 UNITS) • 10,914 SF
      919 Parkview Dr, Tuscaloosa, AL 35401-3977
      View Details
    • Value Estimation
      $185,000
      4,104 SF

      1205 Riverside Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,104 SF
      1205 Riverside Dr, Tuscaloosa, AL 35401-7901
      View Details
    • Value Estimation
      $210,000
      5,124 SF

      1004 Riverside Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,124 SF
      1004 Riverside Dr, Tuscaloosa, AL 35401-1192
      View Details

    Similar Nearby for Sale

    • New
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      Tuscaloosa Multifamily Portfolio Opportunity

      Portfolio of ten income-producing properties near the University of Alabama.
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      Spacious Condo in Historic Alston

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    • $5,280,000
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      Fully leased, purpose-built multifamily property near the University of Alabama.
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    • $219,900
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      Downtown Tuscaloosa Condo Retail Space

      High-visibility office/retail condo, 785 sq ft.
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      View Details
    • $3,490,000
      38,592 SF

      Tuscaloosa Multifamily Apartment Community

      48-unit apartment community in central Tuscaloosa, Alabama.
      603 Hargrove Rd E, Tuscaloosa, AL 35401
      View Details
    • $214,900
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      Condo Near Bryant-Denny Stadium

      Condo unit 0.4 miles from Bryant-Denny Stadium, Tuscaloosa, AL.
      1212 12Th St, Tuscaloosa, AL 35401
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    Similar Nearby for Lease

    • $15 SF/Yr
      4,400 SF

      Tuscaloosa Retail Space For Lease

      Prime Retail Location, High Visibility
      3127 Martin Luther King Blvd, Tuscaloosa, AL 35401
      View Details
    • $1,472 /Mo
      1,472 SF

      Functional Office Space in Tuscaloosa

      Move-in-ready office space with flexible layout and convenient parking.
      3801 Ml Crk Ln, Tuscaloosa, AL 35401
      View Details
    • $4,000 /Mo
      2,328 SF

      Tuscaloosa Office Building For Lease

      Centrally located office building near university and downtown Tuscaloosa.
      515 Hargrove Rd E, Tuscaloosa, AL 35401
      View Details
    • $9 SF/Yr
      11,460 SF

      Tuscaloosa Flex Space For Rent

      Centrally located flex space with warehouse and drive-in door.
      1601 23Rd Ave, Tuscaloosa, AL 35401
      View Details
    • $24 SF/Yr
      3,996 SF

      Renovated Office Condo in Tuscaloosa

      Fully renovated office condo with upscale finishes in downtown Tuscaloosa.
      2117 Jack Warner Pkwy, Tuscaloosa, AL 35401
      View Details
    • Contact for pricing
      40,000 SF

      Tuscaloosa Build-to-Suit Industrial

      40,000 SF Warehouse, Flexible Design
      0 Industrial Park Dr, Tuscaloosa, AL 35401
      View Details
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    Tuscaloosa, AL 35401-5896
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    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
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