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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Medical Office Space
1009 Montgomery Hwy Vestavia Hills, AL 35216-2831
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-0441879
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
16,970 SF
Lot
2.01 ac (87,556 SF)
Zoning code
B2
APN
28-00-30-2-021-006.000
UPID
US03-0441879
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$3.31M
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.30M
Owner & transaction history
Hwy 31 Mob LLC · 3 yrs held
Hwy 31 Mob LLC
since 2022
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
B2 · Vestavia Hills, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+53.6%
Neighborhood: shopping center
$4.6M
+51.9%
Apartment house (5+ units)
$3.4M
+13.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vestavia Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vestavia Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,570,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
$3,585,000
6.5%
$3,310,000
7%
$3,070,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,020,000
Current use
RESTAURANT
$4,640,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,590,000
Change: +52% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,420,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$2,840,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,730,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $3.33M (Sep 20 2022)
Last sale anchor
$3.33M
Sep 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$57,397
Tax year 2022
Assessed value
$634,820
Assessed 2023
Previous assessed
$619,840
+2.4% YoY
Effective rate
9.04%
On assessed value
Assessed land
$350,220
Assessed improvement
$284,600
Land market value
$1,751,100
Improvement market value
$1,423,000
Total market value
$3,174,100
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
16,970 SF
Lot
2.01 ac (87,556 SF)
Zoning code
B2
APN
28-00-30-2-021-006.000
UPID
US03-0441879
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Vestavia Hills, AL
Zoning B2 · permitted uses
B2 · Vestavia Hills, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vestavia Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.0M
RESTAURANT
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Hwy 31 Mob LLC
Entity
Mailing address
600 LUCKIE DR STE #424, BIRMINGHAM, AL 35223-2450
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
$3,325,000
Hwy 31 Mob LLC
Medical Svcs LLC
Warranty Deed
$2,890,000 · Community Bank
—
—
Medical Services LLC
—
Loan Modification
related
$2,164,000 · Iberiabank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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