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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Harper Lee Dr Tuscaloosa, AL 35404-2981

    • Hotels
    • 49,754 SF
    • 2.64 lot acres
    OFF-MARKET
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0828339
    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

    • Hampton Inn Tuscaloosa-University / Hotel & Motel

    Property Details for 600 Harper Lee Dr

    Year built
    1995
    Lot size
    2.64 lot acres
    Property size
    49,754 SF
    Zone code
    BH
    Property type
    Hotels
    APN
    30-04-18-3-001-001.012
    APU
    3004183001001012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,114,000
      Market price range: $623k - $2.60M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,160,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5239
    Latitude
    33.2121
    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
    $68,539
    $115,100
    $1,215,760
    $1,330,860
    -
    $575,500
    $6,078,800
    $6,654,300

    Comparable in this City

    • Value Estimation by Request
      27,926 SF

      1417 Veterans Memorial Pkwy

      HOTEL • 27,926 SF
      1417 Veterans Memorial Pkwy, Tuscaloosa, AL 35404-4702
      View Details
    • Value Estimation by Request
      59,564 SF

      1120 Veterans Memorial Pkwy

      HOTEL • 59,564 SF
      1120 Veterans Memorial Pkwy, Tuscaloosa, AL 35404-5812
      View Details
    • Value Estimation
      $585,000
      33,072 SF

      1650 Veterans Memorial Pkwy

      HOTEL • 33,072 SF
      1650 Veterans Memorial Pkwy, Tuscaloosa, AL 35404-4706
      View Details
    • Value Estimation by Request
      561 SF

      3410 University E Blvd

      MOTEL • 561 SF
      3410 University E Blvd, Tuscaloosa, AL 35404-4342
      View Details
    • Value Estimation
      $540,000
      31,464 SF

      1650 Veterans Memorial Pkwy

      MOTEL • 31,464 SF
      1650 Veterans Memorial Pkwy, Tuscaloosa, AL 35404-4706
      View Details
    • Value Estimation by Request
      3,450 SF

      3100 University E Blvd

      MOTEL • 3,450 SF
      3100 University E Blvd, Tuscaloosa, AL 35404-4336
      View Details

    Similar Nearby for Sale

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      922 SF

      Gated Condo with Rental Income

      One-bedroom, one-bath condo with immediate rental income potential.
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    • $899,900
      5.25 Acres

      Tuscaloosa Commercial Property with Warehouse

      Versatile commercial space with warehouse near University of Alabama.
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    • Contact for pricing
      0.59 Acres

      Residential Land in Established Neighborhood

      0.59 acre wooded lot near University Boulevard, Tuscaloosa.
      4010 Brookhill Rd, Tuscaloosa, AL 35404
      View Details
    • Contact for pricing
      Pending

      Residential Lot Near University

      0.17-acre lot near The University of Alabama.
      2009 4Th St E, Tuscaloosa, AL 35404
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    • Contact for pricing

      Residential Land in Tuscaloosa, AL

      Wooded lot suitable for building a home in Tuscaloosa.
      929 Parkhill Dr, Tuscaloosa, AL 35404
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    • Contact for pricing
      Pending

      Corner Lot Near University

      Corner lot near The University of Alabama, ideal for building.
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    Similar Nearby for Lease

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      6,000 SF

      Tuscaloosa Retail Space Available

      6000 SF retail space in high-traffic Tuscaloosa location.
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    • $3,200 /Mo
      4,800 SF

      Tuscaloosa Commercial Office and Warehouse

      Well-appointed office and warehouse space with easy access.
      816 21St Ave E, Tuscaloosa, AL 35404
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    • $2,500 /Mo
      1,033 SF

      Turnkey Commercial Kitchen in Tuscaloosa

      Turnkey food truck commissary/restaurant with fully operational commercial kitchen.
      3702 Alabama Ave NE, Tuscaloosa, AL 35404
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    • New
      $2,588 /Mo
      1,725 SF

      Tuscaloosa Office Space For Rent

      1,725 SF office suite in multi-tenant strip center.
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    • $144 SF/Yr
      50,878 SF

      4628 University Blvd

      Neighborhood centers • 50,878 SF
      4628 University Blvd, Tuscaloosa, AL 35404
      View Details
    • $900 /Mo
      1,200 SF

      Retail/Office Space in Tuscaloosa

      Versatile 1,200 sq ft retail/office space near University of Alabama.
      3518 Loop Rd, Tuscaloosa, AL 35404
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      3.2k
    • Avg Time on site
      430 min
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    600 Harper Lee Dr
    Tuscaloosa, AL 35404-2981
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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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