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Property profile & analytics
OFF-MARKET
Estimated value
$13,525,000
Office buildings
315 28th Ave Tuscaloosa, AL 35401-1022
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-0639682
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
91,231 SF
Lot
7.75 ac (337,721 SF)
Zoning code
ML
APN
31-05-22-2-017-012.000
UPID
US03-0639682
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
-
Tuscaloosa News Marketing & Advertising Advertising Agency
-
The Saban Center Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.34M
Comparable Approach
Comparable
$14.48M
Blend (final)
Blend
$13.53M
Owner & transaction history
City Of Tuscaloosa · 6 yrs held
City Of Tuscaloosa
since 2019
4 recorded transactions
Zoning & alternative use
ML · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.6M
+65.4%
Warehouse, storage
$16.2M
+36.4%
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%
$18,785,000
6.5%
$17,340,000
7%
$16,105,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,850,000
Current use
RESTAURANT
$19,600,000
Change: +65% · Conversion: Moderate
WAREHOUSE, STORAGE
$16,165,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,555,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$13.53M
Range $12.17M – $14.88M · ±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
$148 / 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
Assessed value
$2,547,240
Assessed 2023
Previous assessed
$2,547,240
+0.0% YoY
Assessed land
$607,860
Assessed improvement
$1,939,380
Land market value
$3,039,300
Improvement market value
$9,696,900
Total market value
$12,736,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
3
Rooms
24
Bathrooms
2
Total area
91,231 SF
Lot
7.75 ac (337,721 SF)
Zoning code
ML
APN
31-05-22-2-017-012.000
UPID
US03-0639682
Jurisdiction
TUSCALOOSA
Zoning & alternative use
ML · Tuscaloosa, AL
Zoning ML · permitted uses
ML · 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
OFFICE BUILDING Current
Est. value
$11.9M
RESTAURANT
Est. value
$19.6M
WAREHOUSE, STORAGE
Est. value
$16.2M
COMMERCIAL (GENERAL)
Est. value
$10.6M
OFFICE BUILDING Current
RESTAURANT
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2002
Heating
YES
Cooling
Yes
Stories
3
Rooms
24
Bathrooms
2
Lot
7.75 ac
Current owner
From public records · entity-resolved
City Of Tuscaloosa
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 2089, TUSCALOOSA, AL 35403-2089
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2019
$8,000,000
City Of Tuscaloosa
Ca Alabama Holdings INC
Warranty Deed
—
May 7, 2015
$9,605,100
Ca Alabama Holdings INC
Rps 28th Avenue Tuscaloosa LLC
Warranty Deed
$8,730,000 · Citizens Bank
Jan 9, 2015
—
C A Alabama Hol
R P S 28th Avenue Tuscaloosa L
Deed
—
Jan 23, 2012
$7,550,500
Rps 28th Avenue Tuscaloosa LLC
Nyt Holdings INC
Quit Claim Deed
$6,187,500 · Iberiabank
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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