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    51st St Tuscaloosa, AL 35405
    Property profile & analytics

    51st St Tuscaloosa, AL 35405

    View on Map
    • Residential income homes
    • 3,150 SF
    Off-Market
    Property ID
    US03-2811542
    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.
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 51st St

    Year built
    1965
    Construction
    WOOD
    Property size
    3,150 SF
    Zone code
    RMF1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    36-01-01-2-014-003.001
    APU
    3601012014003001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $916,000
      Market price range: $125k - $2.57M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5428
    Latitude
    33.1622
    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
    $1,406
    $2,000
    $25,300
    $27,300
    -
    $10,000
    $126,500
    $136,500

    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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      Pending

      Tuscaloosa Triplex: Investment Opportunity

      Fully occupied triplex in Tuscaloosa with leases in place.
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      Tuscaloosa Multifamily Investment Opportunity

      Multifamily property in Tuscaloosa, Alabama, ideal for residential income.
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    • $219,900
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      Tuscaloosa Triplex: Investment Opportunity

      Fully occupied triplex in Tuscaloosa with income potential.
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    • $343,000
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      Well-Maintained Fourplex Investment Opportunity

      Fourplex with three of four units currently leased.
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    • $899,000
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      Tuscaloosa Industrial Property - 9800 SF

      Prime Industrial Building, 4.37 Acres
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      10.00 Acres

      Tuscaloosa Land For Sale

      Approximately 10 acres of land suitable for residential or commercial use.
      6908 Old Greensboro Rd, Tuscaloosa, AL 35405
      View Details

    Similar Nearby for Lease

    • $15,500 /Mo
      6,068 SF

      Tuscaloosa Restaurant Space For Lease

      6,000 SF restaurant space in high-traffic area, fully equipped.
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    • Contact for pricing

      Manufacturing Facility with Rail Spur

      Manufacturing facility with cranes, loading docks, and rail access.
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      View Details
    • $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
    • New
      $1,151 /Mo
      1,416 SF

      Functional Office-Warehouse Space Available

      Move-in ready office-warehouse space in South Tuscaloosa.
      700 61St St, Tuscaloosa, AL 35405
      View Details
    • $17 SF/Yr
      4,000 SF

      Multi-Tenant Office Building For Lease

      Multi-tenant office building with suites available for lease.
      3079 L Palisades Ct, Tuscaloosa, AL 35405
      View Details
    • Contact for pricing
      80,000 SF

      Reimagined Shopping Destination in Tuscaloosa

      80,000 SF retail center with dining and shopping options.
      4200 Mcfarland Blvd East, Tuscaloosa, AL 35405
      View Details
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    51st St
    Tuscaloosa, AL 35405
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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