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Property profile & analytics
FOR SALE
Warehouses
3315 University Blvd E Tuscaloosa, AL 35404
Individually Owned
Absentee Owner
Free & Clear
Property ID
US03-0749641
For Sale
1 / 32
$275,000
3315 University Blvd E, Tuscaloosa, AL 35404
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
WOOD
Total area
6,960 SF
Lot
3.95 ac (172,062 SF)
Zoning code
MX-3
APN
30-04-20-1-012-006.000
UPID
US03-0749641
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
$945k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Janalee Patton
Janalee Patton
since 2026
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
MX-3 · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
556945 map series
Top alternative use upside
Restaurant
$1.5M
+21.2%
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
$995,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,235,000
Current use
RESTAURANT
$1,495,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $1.15M (Oct 9 2023)
Last sale anchor
$1.15M
Oct 9 2023
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
$152 / 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
$2,384
Tax year 2023
Assessed value
$46,300
Assessed 2023
Previous assessed
$46,300
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$7,720
Assessed improvement
$38,580
Land market value
$38,600
Improvement market value
$192,900
Total market value
$231,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
7
Bathrooms
1
Total area
6,960 SF
Lot
3.95 ac (172,062 SF)
Zoning code
MX-3
APN
30-04-20-1-012-006.000
UPID
US03-0749641
Jurisdiction
TUSCALOOSA
Zoning & alternative use
MX-3 · Tuscaloosa, ALZoning MX-3 · permitted uses
MX-3 · Tuscaloosa, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
556945 map series
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RESTAURANT
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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
1
Lot
3.95 ac
Current owner
From public records · entity-resolved
Janalee Patton
Individual
Free & Clear · 0 yrs held
Mailing address
1780 GADSDEN HWY, BIRMINGHAM, AL 35235-3106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
$535,000
Janalee Patton
Hometown Home Buyers LLC
Warranty Deed
—
Oct 9, 2023
$1,150,000
Hometown Home Buyers LLC
Myerco Holdings Co LLC
Warranty Deed
—
Jul 12, 2019
—
Myers Properties LLC
—
Deed
related
$35,000 · Bankfirst Financial Service
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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