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Property profile & analytics
OFF-MARKET
Parking lots & garages
601 23rd Ave Tuscaloosa, AL 35401-1747
Entity Owned
18-yr Hold
Free & Clear
Property ID
US03-0886080
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2010
Total area
15,312 SF
Lot
4.51 ac (196,368 SF)
Zoning code
BC
APN
31-05-22-1-111-001.000
UPID
US03-0886080
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
-
Alabama Parking Parking Lot & Garage
-
Tuscaloosa Transit Authority Freight Service Logistics Company
-
Tusca Affordable Car Insurance Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Tuscaloosa · 18 yrs held
City Of Tuscaloosa
since 2007
3 recorded transactions
Zoning & alternative use
BC · Tuscaloosa, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$2,647,960
Assessed 2023
Previous assessed
$2,647,960
+0.0% YoY
Assessed land
$647,960
Assessed improvement
$2,000,000
Land market value
$3,239,800
Improvement market value
$10,000,000
Total market value
$13,239,800
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2010
Heating
NONE
Stories
1
Rooms
1
Bathrooms
1
Total area
15,312 SF
Lot
4.51 ac (196,368 SF)
Zoning code
BC
APN
31-05-22-1-111-001.000
UPID
US03-0886080
Jurisdiction
TUSCALOOSA
Zoning & alternative use
BC · Tuscaloosa, AL
Zoning BC · permitted uses
BC · Tuscaloosa, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tuscaloosa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
1
Rooms
1
Bathrooms
1
Lot
4.51 ac
Current owner
From public records · entity-resolved
City Of Tuscaloosa
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 2089, TUSCALOOSA, AL 35403-2089
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2007
$248,000
City Of Tuscaloosa
Connie C Taylor
Deed
—
Jul 18, 2007
$581,000
Connie C Taylor
Stella Gray Est Etal Austin
Deed
—
Feb 13, 2007
$248,000
Connie C Taylor
Clara H Campbell
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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