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    414 Perry Hill Road Montgomery, AL 36109

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    For Sale
    $459,900

    7,300+ sqft mixed-use property with commercial and residential potential.

    Type:Commercial/Industrial
    Property size:
    7,359 SF
    Added:
    Oct 3, 2025
    Days on Market:
    197
    Last Refresh:
    Apr 7 at 10:21 pm

    Property Features for 414 Perry Hill Road

    General Information

    Standard status
    Active
    Size
    7,359 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Michelle C. Burnett

    Listing agent Michelle C. Burnett License #0136066

    Listing office Real Broker, LLC.

    Listing date Oct 3, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC.

    Overview

    Versatile Mixed-Use Property For Sale

    This mixed-use property offers over 7,300 square feet of space, blending modern updates with potential for various uses. It features 3 full bathrooms and 1 half bath, along with 2 functioning bedrooms and flexible living/working spaces. The property has been upgraded with updated electric, plumbing, HVAC (with the tea room unit only 5 years old), and new ductwork upstairs. Significant improvements include a new roof on the back section (installed in March 2024) and a new upstairs water heater (scheduled for May 2025). The basement is fully wired and operational. Separate utility meters facilitate the management of residential and commercial expenses, with two distinct power bills. The commercial side is suited for hospitality, catering, or food and beverage businesses, featuring a commercial sink, convection oven, grease trap (installed in 2015), water pump (installed in 2015), ADA-compliant ramp and bathroom, and approximately 27 parking spots, plus carport and breezeway parking. The driveway is up to code. The residential spaces include upstairs laundry (with hook-ups also available downstairs) and private bedrooms that can be reconfigured. The property is suitable for hosting events, running a catering business, or conversion into offices.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2462697
    Latitude
    32.3720682

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    FAQs

    What type of property is this?
    Mixed-use property - 7,300+ sqft mixed-use property with commercial and residential potential.
    Where is this mixed-use property located?
    The property is located at 414 Perry Hill Road Montgomery, AL.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: 7,300+ sq ft mixed‑use property suitable for residential and commercial purposes.; Updated infrastructure: **new roof (back section, March 2024), new upstairs water heater (May 2025), updated electric, plumbing, HVAC (tea room unit only 5 years old), and new ductwork upstairs.**; Commercial‑ready features: **commercial sink, convection oven, grease trap (2015), water pump (2015), ADA‑compliant ramp and bathroom.**
    (855) 450-0442
    We can help!
    Listing Contact
    Michelle C. Burnett
    Real Estate License ID: 0136066
    Learn More
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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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