Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    631 Skyland E Blvd Tuscaloosa, AL 35405-4036
    Back to Search
    Property profile & analytics

    631 Skyland E Blvd, Tuscaloosa, AL 35405-4036

    View on Map
    • Hotels
    • 23,484 SF
    • 2.01 lot acres
    Off-Market
    Last Sale Mar 30, 2022
    Property ID
    US03-0793469
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ramada by Wyndham Tuscaloosa / Hotel & Motel
    • Shindig bowling alley / Hotel & Motel

    Property Details for 631 Skyland E Blvd

    Year built
    1969
    Lot size
    2.01 lot acres
    Property type
    Hotels
    APN
    36-01-01-1-007-003.001
    APU
    3601011007003001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 17, 2023 — Devine Management LLC — Deed · related $200k · Alabama Credit Union
    Mar 30, 2022 $4,200,000 Devine Investments LLC Rose Investments LLC Warranty Deed —
    Sep 10, 2019 — Rose Investments LLC — Deed · related $2.8M · Branch Banking And Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5282
    Latitude
    33.1671
    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
    $35,944
    $40,200
    $657,740
    $697,940
    -
    $201,000
    $3,288,700
    $3,489,700

    Comparable in this City

    • Value Estimation
      $675,000
      45,464 SF

      4600 Doris Pate Dr

      HOTEL
      4600 Doris Pate Dr, Tuscaloosa, AL 35405-3559
      View Details
    • Value Estimation
      $2,985,000
      30,585 SF

      230 Skyland Blvd

      HOTEL
      230 Skyland Blvd, Tuscaloosa, AL 35405-4017
      View Details
    • Value Estimation
      $690,000
      48,212 SF

      3916 Mcfarland E Blvd

      HOTEL
      3916 Mcfarland E Blvd, Tuscaloosa, AL 35405-2406
      View Details
    • Value Estimation
      $845,000
      59,757 SF

      2816 Mcfarland E Blvd

      HOTEL
      2816 Mcfarland E Blvd, Tuscaloosa, AL 35405-2409
      View Details
    • Value Estimation
      $535,000
      43,512 SF

      651 Skyland E Blvd

      HOTEL
      651 Skyland E Blvd, Tuscaloosa, AL 35405-4036
      View Details
    • Value Estimation
      $875,000
      58,099 SF

      3920 Mcfarland E Blvd

      HOTEL
      3920 Mcfarland E Blvd, Tuscaloosa, AL 35405-2406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,800 SF

      Versatile Property: Estate, Office, Showroom

      Exquisite property suitable for residence, office, showroom, or investment.
      301 Bear Creek Cutoff Rd, Tuscaloosa, AL 35405
      View Details
    • $899,000
      9,800 SF

      Tuscaloosa Industrial Property - 9800 SF

      Prime Industrial Building, 4.37 Acres
      6115 18Th Ave, Tuscaloosa, AL 35405
      View Details
    • Contact for pricing
      Pending

      Church Building on 2.93 Acres

      8,564 SF church building for sale on 2.93 acres.
      1125 Englewood Village Dr, Tuscaloosa, AL 35405
      View Details
    • $55,000
      1.44 Acres

      Tuscaloosa Acreage in Woodland Hills

      1.44 +/- acre lot in established Tuscaloosa neighborhood.
      3220 Kensington Ct, Tuscaloosa, AL 35405
      View Details
    • $30,000
      0.62 Acres

      Residential Lot in Tuscaloosa

      Vacant lot in a convenient Tuscaloosa location.
      Stafford Pl, Tuscaloosa, AL 35405
      View Details
    • $650,000
      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

    • $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
    • Contact for pricing

      Manufacturing Facility with Rail Spur

      Manufacturing facility with cranes, loading docks, and rail access.
      615 Waco Rd, Tuscaloosa, AL 35405
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space with High Visibility

      1,600 SF retail space with excellent visibility available for rent.
      7402 Alabama Hwy 69 S, Tuscaloosa, AL 35405
      View Details
    • $96 SF/Yr
      9,800 SF

      Tuscaloosa Warehouse: Prime Investment

      9,800 SF Warehouse, Recently Renovated
      6115 18Th Ave, Tuscaloosa, AL 35405
      View Details
    • Contact for pricing

      Restaurant Building on McFarland Boulevard

      Freestanding restaurant building in high-traffic Tuscaloosa retail corridor.
      2620 Mcfarland Blvd E, Tuscaloosa, AL 35405
      View Details
    • Contact for pricing

      Versatile Commercial Space on Skyland

      1,750 SF commercial space in a high-traffic Tuscaloosa location.
      1911 Skyland Blvd East, Tuscaloosa, AL 35405
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      1.1k
    • Avg Time on site
      441 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    631 Skyland E Blvd
    Tuscaloosa, AL 35405-4036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    631 Skyland E Blvd, Tuscaloosa, AL, 35405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!