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Property profile & analytics
OFF-MARKET
Estimated value
$5,295,000
Warehouses
101 Smothers Rd Montgomery, AL 36117-5506
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-3010597
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
102,941 SF
Lot
6.68 ac (290,981 SF)
Zoning code
M-1
APN
09-06-13-3-000-005.003
UPID
US03-3010597
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
Current use
Occupant on record · Public records
-
Ju-Young Manufacturing America INC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$5.30M
Owner & transaction history
101 Smothers Road LLC · 1 yrs held
101 Smothers Road LLC
since 2024
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
M-1 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry M-1, Industrial Park M-2, General Industry M-3 ITEM DISTRICT M-1 M-2 M-3 Classes of industry, businesses or services permitted A & D A A, B,…
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
13,293.95 ac
Source
code of ordinances
Top alternative use upside
Neighborhood: shopping center
$8.0M
+82.6%
Commercial (general)
$7.9M
+80.8%
Office building
$7.7M
+75.3%
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$5,295,000
ML approach
$5,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,365,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,970,000
Change: +83% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,890,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$7,650,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$5.30M
Range $4.77M – $5.82M · ±10% · vs last sale $5.29M (Sep 12 2024)
Last sale anchor
$5.29M
Sep 12 2024
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
$51 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$31,563
Tax year 2024
Assessed value
$769,820
Assessed 2024
Previous assessed
$769,820
+0.0% YoY
Effective rate
4.10%
On assessed value
Assessed land
$86,840
Assessed improvement
$682,980
Land market value
$434,200
Improvement market value
$3,414,900
Total market value
$3,849,100
Applied tax rate
1.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
102
Bathrooms
1
Total area
102,941 SF
Lot
6.68 ac (290,981 SF)
Zoning code
M-1
APN
09-06-13-3-000-005.003
UPID
US03-3010597
Jurisdiction
MONTGOMERY
Zoning & alternative use
M-1 · Montgomery, ALZoning M-1 · permitted uses
M-1 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry M-1, Industrial Park M-2, General Industry M-3 ITEM DISTRICT M-1 M-2 M-3 Classes of industry, businesses or services permitted A & D A A, B, C & D Classes of industry, businesses or services permitted on appeal B C E Classe
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
13,293.95 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
102
Bathrooms
1
Lot
6.68 ac
Current owner
From public records · entity-resolved
101 Smothers Road LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4760 RICHMOND RD STE #200, CLEVELAND, OH 44128-5979
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
$5,294,590
101 Smothers Road LLC
Industrial Partners LLC
Warranty Deed
—
May 31, 2016
—
Industrial Partners LLC
—
Deed
related
$22,600,000 · Branch Bk&tr
—
—
Industrial Partners LLC
—
Deed Of Trust
related
$22,600,000 · Branch Bk&tr
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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