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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Residential income homes
412 Meador Dr 18 Tuscaloosa, AL 35401-2062
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0360230
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2012
Total area
9,948 SF
Zoning code
R-4
APN
31-06-24-3-002-014.000
UPID
US03-0360230
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
$1.38M
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$1.10M
Owner & transaction history
Coliseum Rentals LLC · 14 yrs held
Coliseum Rentals LLC
since 2012
2 recorded transactions
Zoning & alternative use
R-4 · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
556945 map series
Top alternative use upside
Warehouse, storage
$1.8M
+142.7%
Office building
$1.3M
+77.9%
Commercial (general)
$1.2M
+58.4%
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%
$1,500,000
6.5%
$1,380,000
7%
$1,285,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$725,000
Current use
WAREHOUSE, STORAGE
$1,765,000
Change: +143% · Conversion: Difficult
OFFICE BUILDING
$1,290,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,150,000
Change: +58% · Conversion: Moderate
RETAIL STORES
$940,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$900,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$110 / 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
$10,089
Tax year 2023
Assessed value
$195,900
Assessed 2023
Previous assessed
$195,900
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$18,380
Assessed improvement
$177,520
Land market value
$91,900
Improvement market value
$887,600
Total market value
$979,500
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
4
Rooms
24
Bathrooms
1
Total area
9,948 SF
Zoning code
R-4
APN
31-06-24-3-002-014.000
UPID
US03-0360230
Jurisdiction
TUSCALOOSA
Zoning & alternative use
R-4 · Tuscaloosa, ALZoning R-4 · permitted uses
R-4 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$940,000
MEDICAL BUILDING
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
2012
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
24
Bathrooms
1
Current owner
From public records · entity-resolved
Coliseum Rentals LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1407 10TH AVE, TUSCALOOSA, AL 35401-3303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Apr 4, 2012
$50,000
Coliseum Rentals LLC
Ktb Properties LLC
Warranty Deed
—
Dec 17, 2010
$175,000
Ktb Properties LLC
Charles L 82 4 Saunders
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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