Technical
Financial
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Property profile

100 Dexter Ave Montgomery, AL 36104

OFF-MARKET
Apartment buildings
Property ID
US03-0290199
12,815 SF 0.07 ac lot Built 1870
Entity Owned 9-yr Hold Absentee Owner
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Property summary

AI-generated overview

This exceptional 5,000 square foot retail space is located in the heart of downtown Montgomery, offering unparalleled visibility and accessibility. Situated on lower Dexter Avenue, this single-tenant property boasts a high-profile storefront ideal for a variety of businesses. Recently renovated in 2024, the Class C building presents a blank canvas for an approved tenant, with the owner offering build-to-suit options to perfectly match your business needs. The property's prime location offers easy access to key attractions, including the Montgomery Convention Center, MPAC, the Equal Justice Initiative (EJI) museum, Prime Riverfront Park, numerous hotels, restaurants, and other retail establishments. This vibrant area benefits from a strong workforce, with approximately 35,826 employees in the downtown Montgomery central business district, and a significant student population, including approximately 4,000 students enrolled at Troy University Montgomery, all within a four-block radius. Furthermore, the property enjoys convenient proximity to major transportation arteries, being just 1.5 miles from the I-85/I-65 interchange and 2.0 miles from Maxwell Air Force Base, serving a substantial population of active duty personnel, contractors, and retirees, as well as over 20,000 annual Air Force University attendees. The mixed-use potential allows for creative adaptations, such as incorporating residential condos or lofts, further enhancing the property's value and appeal. This is a truly unique opportunity to establish a thriving business in a dynamic and rapidly growing urban core.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1870
Total area 12,815 SF
Lot 0.07 ac (3,067 SF)
Zoning code T5
APN 10-03-07-3-303-017.000
UPID US03-0290199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100 Dexter Ave Montgomery, AL 36104-3737
Montgomery metro Census 100 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.58M
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2017
1 recorded transaction
2017
$50,000

Zoning & alternative use

T5 · Montgomery, AL
Zoning description

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…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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