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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
3702 Alabama NE Ave Tuscaloosa, AL 35404-1437
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-1060382
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1940
Total area
1,033 SF
Lot
0.26 ac (11,520 SF)
APN
30-02-09-2-005-012.000
UPID
US03-1060382
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
-
BILLY'S COOKING Restaurant
-
Tuscaloosa Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Thomas · 1 yrs held
Michael Thomas
since 2025
Last sale
$140,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$392
Tax year 2023
Assessed value
$14,520
Assessed 2023
Previous assessed
$14,520
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$1,560
Assessed improvement
$12,960
Land market value
$7,800
Improvement market value
$64,800
Total market value
$72,600
Applied tax rate
2.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1940
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Rooms
2
Bathrooms
1
Total area
1,033 SF
Lot
0.26 ac (11,520 SF)
APN
30-02-09-2-005-012.000
UPID
US03-1060382
Jurisdiction
TUSCALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Heating
YES
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Michael Thomas
Individual
Mailing address
15288 JACK LUNCEFORD DR, COALING, AL 35453-2887
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
$140,000
Michael Thomas
Billys Cooking LLC
Warranty Deed
$112,000 · Investar Bank
Apr 28, 2022
$57,000
Billys Cooking LLC
Mkw Rentals LLC
Warranty Deed
—
Apr 27, 2020
$24,500
Mkw Rentals LLC
Marie Washington
Warranty Deed
$19,600 · Bryant Bank
Jan 28, 2020
$24,500
Marie Washington
E & S Properties INC
Warranty Deed
—
Jul 9, 2015
—
E
Richard Henry
Deed
—
Oct 10, 2012
$17,500
Richard Henry
Regions Bank
Special Warranty Deed
—
Jul 27, 2007
$116,715
God Be Glory INC
Derrick J Hamlett
Deed
$97,915 · Regions 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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