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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
3811 Palisades Dr Tuscaloosa, AL 35405-3426
Entity Owned
~
Est. High Equity
Property ID
US03-0435301
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
WOOD
Total area
5,964 SF
Lot
0.88 ac (38,226 SF)
Zoning code
ML
APN
30-09-32-4-001-026.008
UPID
US03-0435301
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
-
Kindred Care Hospice Nursing Home
-
Billy Boyd Realty & Construction Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$645k
Owner & transaction history
Billy Boyd Realty & Construction In
Billy Boyd Realty & Construction In
since 2026
7 recorded transactions
Zoning & alternative use
ML · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
556945 map series
Top alternative use upside
Warehouse, storage
$1.1M
+44.9%
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
OFFICE BUILDING
$730,000
Current use
WAREHOUSE, STORAGE
$1,055,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$108 / 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
$8,073
Tax year 2023
Assessed value
$156,760
Assessed 2023
Previous assessed
$156,760
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$11,460
Assessed improvement
$145,300
Land market value
$57,300
Improvement market value
$726,500
Total market value
$783,800
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
10
Bathrooms
1
Total area
5,964 SF
Lot
0.88 ac (38,226 SF)
Zoning code
ML
APN
30-09-32-4-001-026.008
UPID
US03-0435301
Jurisdiction
TUSCALOOSA
Zoning & alternative use
ML · Tuscaloosa, ALZoning ML · permitted uses
ML · 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
OFFICE BUILDING Current
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING Current
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Billy Boyd Realty & Construction In
Entity
Mailing address
3811 PALISADES DR, TUSCALOOSA, AL 35405-3426
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
$1,108,500
Billy Boyd Realty & Construction In
William H Boyd
Warranty Deed
—
Nov 14, 2024
$517,200
William H Boyd
William H Boyd
Warranty Deed
related
—
Nov 14, 2024
$283,000
William H Boyd
William H Boyd
Warranty Deed
related
—
Oct 8, 2024
—
Billy Boyd Realty And Construc
—
Deed
related
$500,000 · Investar Bank
Jun 17, 2024
—
Billy Boyd Realty And Construction
Highgrove INC
Intrafamily Transfer
related
$140,000 · Investar Bank
Feb 16, 2017
—
William H Boyd
—
Deed
related
$544,683 · Capstone Bank
Dec 29, 2009
$815,250
William H Boyd
William H Boyd
Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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