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    Versatile Building in Growing Pike Road
    $300,000
    19,072 SF

    Versatile Building in Growing Pike Road

    Large commercial building with endless potential in Pike Road.

    2238 Alexander Rd, Pike Road, AL 36064
    View details
    Montgomery Multifamily Investment Opportunity
    $80,000

    Montgomery Multifamily Investment Opportunity

    Multifamily property in Montgomery, sold as-is for cash.

    1 Courtland Dr, Montgomery, AL 36105
    View details
    Pike Road Land Opportunity
    $95,000
    3.15 Acres

    Pike Road Land Opportunity

    Prime real estate in Pike Road, build or subdivide.

    52 Howell Ct, Pike Road, AL 36064
    View details
    Partially Cleared Land in Montgomery
    $75,000
    6.76 Acres

    Partially Cleared Land in Montgomery

    6.76 acres ready for a future homesite.

    Woodley Cir, Montgomery, AL 36116
    View details
    Montgomery Land Parcel For Sale
    $282,000
    42.90 Acres

    Montgomery Land Parcel For Sale

    Land parcel totaling 42.9 acres in Montgomery, Alabama.

    01 Bell Road Ct, Montgomery, AL 36116
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    62 Acres Land Bundle
    $58,000
    8.50 Acres

    62 Acres Land Bundle

    Land bundle totaling 62 acres located off Bell Road.

    03 Bell Road Ct, Montgomery, AL 36116
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    62 Acres Land Bundle
    $75,000
    11.00 Acres

    62 Acres Land Bundle

    Land for sale in Montgomery, Alabama.

    02 Bell Road Ct, Montgomery, AL 36116
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    Residential Lot in Montgomery, AL
    Contact for pricing
    0.33 Acres

    Residential Lot in Montgomery, AL

    Residential lot for sale in Montgomery, Alabama.

    465 Finley Ave, Montgomery, AL 36104
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    Unrestricted Land Parcel in Montgomery
    $59,900
    6.10 Acres

    Unrestricted Land Parcel in Montgomery

    6.1 acres of unrestricted land, perfect for off-grid living.

    3146 Patrick Rd, Montgomery, AL 36108
    View details
    Selma Avenue Commercial Corner Lot
    $30,000

    Selma Avenue Commercial Corner Lot

    Prime Selma location, retail/residential potential.

    1505 Selma Ave, Selma, AL 36703
    View details
    Commercial Land Near Downtown Montgomery
    Contact for pricing
    2,167 SF

    Commercial Land Near Downtown Montgomery

    Commercial land with B-2 zoning, close to downtown.

    2021 Mulberry St, Montgomery, AL 36106
    View details
    Large Versatile Building in Pike Road
    Contact for pricing
    19,072 SF

    Large Versatile Building in Pike Road

    19,000 SF commercial building on 4 acres in Pike Road.

    2238 Alexander Rd, Pike Road, AL 36064
    View details

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    • For Sale

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    Capital Market Center Partners dba KW Montgomery
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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
    Capital Market Center Partners dba KW Montgomery
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