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Property summary
This exceptional Class A, 11,673 sq ft mixed-use building is located in Montgomery, Alabama's central business district, at 31 Commerce St. Situated on a 0.17-acre lot, this vacant, two-story property offers unparalleled visibility adjacent to the Chamber of Commerce. Built in 1982, the concrete structure features a versatile open floor plan, a dock-high loading dock, and a service elevator, ensuring convenience and accessibility. The T-4 Smart Code zoning allows for a wide range of uses,… making it ideal for various businesses. Its prime location offers easy access to popular restaurants, the market, the Alley Entertainment District, and major interstates (I-65 and I-85 are within 0.8 and 1.3 miles respectively). The asking price is $390,000, with a price per square foot of $33.41. This NNN lease property presents a unique chance to establish a thriving business in a vibrant downtown setting, benefiting from high foot traffic and proximity to approximately 450 new residential units. The multi-tenancy structure provides flexibility for various business models.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,746 SF
- Lot area
- 0.17 ac
- Year built
- 1982
- Stories
- 2
- APN
- 11-01-12-4-404-016.000
- Zoning
- T5
- Assessed value · 2023
- $195,940
- Annual tax · 2023
- $9,566
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $9,566
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
Urban Center Zone consists of higher density mixed use buildings that accommodate retail, offices, rowhouses and apartments. It has a tight network of streets, with wide sidewalks, steady street tree planting and buildin…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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