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Property profile & analytics
OFF-MARKET
Estimated value
$5,810,000
Warehouses
3500 5th St Northport, AL 35476-4723
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0656856
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,914 SF
Lot
10 ac (435,600 SF)
Zoning code
M-1
APN
31-05-16-3-001-011.000
UPID
US03-0656856
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
$5.79M
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.81M
Owner & transaction history
The Tuscaloosa County Commission · 3 yrs held
The Tuscaloosa County Commission
since 2022
Last sale
$6.0M
2 recorded transactions
Zoning & alternative use
M-1 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M-1 district is intended to provide areas for commercial and light industrial uses that must be segregated because of negative impacts that cannot be made compatible with other uses through the application of performance standards
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
266.03 ac
Source
Realmo
Top alternative use upside
Restaurant
$9.1M
+42.5%
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 Northport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northport 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
$5,435,000
ML approach
$5,790,000
CAP Approach
CAP Return
Estimation
6%
$4,230,000
6.5%
$3,905,000
7%
$3,630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,380,000
Current use
RESTAURANT
$9,090,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$5.81M
Range $5.23M – $6.39M · ±10% · vs last sale $6.01M (Aug 8 2022)
Last sale anchor
$6.01M
Aug 8 2022
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
$139 / 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
$497,960
Assessed 2023
Previous assessed
$440,000
+13.2% YoY
Assessed land
$50,000
Assessed improvement
$447,960
Land market value
$250,000
Improvement market value
$2,239,800
Total market value
$2,489,800
Applied tax rate
5.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
1
Total area
41,914 SF
Lot
10 ac (435,600 SF)
Zoning code
M-1
APN
31-05-16-3-001-011.000
UPID
US03-0656856
Jurisdiction
TUSCALOOSA
Zoning & alternative use
M-1 · Northport, ALZoning M-1 · permitted uses
M-1 · Northport, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M-1 district is intended to provide areas for commercial and light industrial uses that must be segregated because of negative impacts that cannot be made compatible with other uses through the application of performance standards
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
266.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.4M
RESTAURANT
Est. value
$9.1M
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
10 ac
Current owner
From public records · entity-resolved
The Tuscaloosa County Commission
Entity
Free & Clear · 3 yrs held
Mailing address
714 GREENSBORO AVE, TUSCALOOSA, AL 35401-1859
Ownership since
2022
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
Aug 8, 2022
$6,010,000
The Tuscaloosa County Commission
Acmjpm Certegy Building LLC
Warranty Deed
—
Sep 19, 2005
$3,025,500
Acmjpm Certegy Building LLC
Acmjpm Properties LLC
Deed
$3,025,000 · Jpmorgan Chase Bank NA
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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