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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Residential income homes
306 Wesley Pl 18, Tuscaloosa, AL 35401-2035
Entity Owned
13-yr Hold
Free & Clear
Property ID
US03-0561349
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2013
Construction
WOOD
Total area
5,586 SF
Zoning code
R-4
APN
31-06-24-3-002-024.000
UPID
US03-0561349
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
$775k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$625k
Owner & transaction history
S B Investments LLC · 13 yrs held
S B Investments LLC
since 2013
2 recorded transactions
Zoning & alternative use
R-4 · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$990,000
+142.7%
Office building
$725,000
+77.9%
Commercial (general)
$645,000
+58.4%
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%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$410,000
Current use
WAREHOUSE, STORAGE
$990,000
Change: +143% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$645,000
Change: +58% · Conversion: Moderate
RETAIL STORES
$530,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$112 / 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
$6,642
Tax year 2023
Assessed value
$128,980
Assessed 2023
Previous assessed
$128,980
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$18,980
Assessed improvement
$110,000
Land market value
$94,900
Improvement market value
$550,000
Total market value
$644,900
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
4
Rooms
20
Bathrooms
1
Total area
5,586 SF
Zoning code
R-4
APN
31-06-24-3-002-024.000
UPID
US03-0561349
Jurisdiction
TUSCALOOSA
Zoning & alternative use
R-4 · Tuscaloosa, AL
Zoning R-4 · permitted uses
R-4 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$410,000
WAREHOUSE, STORAGE
Est. value
$990,000
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RETAIL STORES
Est. value
$530,000
MEDICAL BUILDING
Est. value
$505,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
20
Bathrooms
1
Current owner
From public records · entity-resolved
S B Investments LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 388, NORTHPORT, AL 35476-0388
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2013
$300,000
S B Investments LLC
College Living LLC
Warranty Deed
—
Feb 9, 2012
$250,000
College Living LLC
S Lee Pake
Warranty Deed
$200,000 · Renasant Bank
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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