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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Medical Office Space
37 Fairfax Dr Tuscaloosa, AL 35406
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0962645
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Total area
7,796 SF
Lot
0.84 ac (36,588 SF)
Zoning code
O-I
APN
31-01-11-1-001-013.018
UPID
US03-0962645
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
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$735k
Owner & transaction history
The Scott Family Investments L · 13 yrs held
The Scott Family Investments L
since 2013
4 recorded transactions
Zoning & alternative use
O-I · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
556945 map series
Top alternative use upside
Office building
$955,000
+35.4%
Commercial (general)
$900,000
+27.4%
Retail stores
$735,000
+4.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$705,000
Current use
OFFICE BUILDING
$955,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$900,000
Change: +27% · Conversion: Easy
RETAIL STORES
$735,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$94 / 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
$9,954
Tax year 2023
Assessed value
$258,540
Assessed 2023
Previous assessed
$275,000
-6.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$29,280
Assessed improvement
$229,260
Land market value
$146,400
Improvement market value
$1,146,300
Total market value
$1,292,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
27
Bathrooms
1
Total area
7,796 SF
Lot
0.84 ac (36,588 SF)
Zoning code
O-I
APN
31-01-11-1-001-013.018
UPID
US03-0962645
Jurisdiction
TUSCALOOSA
Zoning & alternative use
O-I · Tuscaloosa, ALZoning O-I · permitted uses
O-I · 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
MEDICAL BUILDING Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$900,000
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
27
Bathrooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
The Scott Family Investments L
Entity
Free & Clear · 13 yrs held
Mailing address
922 FAIRFAX PARK, TUSCALOOSA, AL 35406-2804
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
—
Courtney Carter Harris
—
Deed
related
$115,000 · Bryant Bank
Mar 8, 2019
—
Scott Family Investments LLC
—
Deed
related
$58,406 · Wells Fargo
Mar 7, 2019
—
Scott Family Investments LLC
—
Deed
related
$475,745 · Wells Fargo
Apr 18, 2013
$1,008,500
The Scott Family Investments L
Vernon L Scott
Warranty Deed
—
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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