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    Property profile & analytics

    3831 3rd E Ave Tuscaloosa, AL 35405-3119

    • Residential income homes
    • 4,620 SF
    • 12.55 lot acres
    OFF-MARKET
    Value Estimation
    $16,540,000
    Last Sale
    Jun 30, 2023
    $17,250,000
    Location Intelligence
    Property ID
    US03-0723638
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Gates at South Bend / Apartment Rental Agency

    Property Details for 3831 3rd E Ave

    Year built
    1976
    Construction
    WOOD
    Lot size
    12.55 lot acres
    Property size
    4,620 SF
    Zone code
    R-4
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    31-07-36-4-001-004.000
    APU
    3107364001004000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,935,000

    • CAP approach

      CAP return
      Estimation
      6%
      $16,420,000
      6.5%
      $19,025,000
      7%
      $17,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $18,035,000
      Geo Method
      $18,980,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $15,730,000
      Retail
      $17,525,000
      Mixed-Use
      $16,640,000
      Hospitality
      $17,395,000
      Educational
      $19,940,000
      Residential Income
      $18,235,000
      Energy
      $19,060,000
      Income-Based Land
      $20,370,000
      Food Service
      $15,350,000

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5308
    Latitude
    33.1729
    CBSA code
    46220
    CBSA name
    TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $64,957
    $125,500
    $2,176,760
    $2,302,260
    -
    $627,500
    $10,883,800
    $11,511,300

    Comparable in this City

    • Value Estimation by Request
      3,908 SF

      3503 12th E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,908 SF
      3503 12th E Ave, Tuscaloosa, AL 35405-0529
      View Details
    • Value Estimation by Request
      4,356 SF

      3305 12th E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,356 SF
      3305 12th E Ave, Tuscaloosa, AL 35405-0537
      View Details
    • Value Estimation by Request
      3,918 SF

      3428 12th E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,918 SF
      3428 12th E Ave, Tuscaloosa, AL 35405-0558
      View Details
    • Value Estimation by Request
      3,624 SF

      3509 12th E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,624 SF
      3509 12th E Ave, Tuscaloosa, AL 35405-2542
      View Details
    • Value Estimation by Request
      4,004 SF

      3330 12th E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,004 SF
      3330 12th E Ave, Tuscaloosa, AL 35405-0544
      View Details
    • Value Estimation by Request
      4,004 SF

      3312 12th E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,004 SF
      3312 12th E Ave, Tuscaloosa, AL 35405-0541
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $6,312 /Mo
      25,264 SF

      Tuscaloosa Commercial Ground Lease Opportunity

      Commercial ground lease opportunity in a high-traffic Tuscaloosa location.
      3816 Palisades Dr, Tuscaloosa, AL 35405
      View Details
    • $1.00 SF/Yr

      Tuscaloosa Pad Site - Hwy 69 S

      High-traffic retail pad site, build-to-suit options.
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      View Details
    • $16 SF/Yr
      10,750 SF

      Retail Space Near University

      10,750 SF retail space near the University of Alabama.
      2711 Mcfarland Blvd E, Tuscaloosa, AL 35405
      View Details
    • New
      $15,500 /Mo
      6,068 SF

      Tuscaloosa Restaurant Space For Lease

      6,000 SF restaurant space in high-traffic area, fully equipped.
      3799 Mcfarland Blvd E, Tuscaloosa, AL 35405
      View Details
    • Contact for pricing
      80,000 SF

      Omni Market Retail Space Available

      Tuscaloosa Retail Center: 4,800 SF Available
      4200 Mcfarland Blvd, Tuscaloosa, AL 35405
      View Details
    • Contact for pricing
      7,508 SF

      Tuscaloosa Restaurant Building

      7,508 SF Freestanding Restaurant
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    Tuscaloosa, AL 35405-3119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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