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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Motels
1051 Eastern Blvd Montgomery, AL 36117-1918
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0436743
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
FRAME
Total area
9,461 SF
Lot
1.88 ac (81,675 SF)
Zoning code
B-5
APN
10-06-13-4-001-003.000
UPID
US03-0436743
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
-
Rest Inn Montgomery, Al Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$745k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Balnji Hotel LLC · 4 yrs held
Balnji Hotel LLC
since 2022
6 recorded transactions
Zoning & alternative use
B-5 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping B-4, Community Shopping B-5 Item Districts B-4 B-5 Classes of business or services permitted A & B A & B Classes of business or services which may be permitted on a…
Zone name
Planned Commercial Community
General category
COMMERCIAL
Zone area
249.12 ac
Source
code of ordinances
Top alternative use upside
Retail stores
$915,000
+3.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$885,000
Current use
RETAIL STORES
$915,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: -17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
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
$69 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,328
Tax year 2023
Assessed value
$573,220
Assessed 2023
Previous assessed
$573,220
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$163,360
Assessed improvement
$409,860
Land market value
$816,800
Improvement market value
$2,049,300
Total market value
$2,866,100
Applied tax rate
2.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
2
Units
99
Rooms
31
Bathrooms
104
Total area
9,461 SF
Lot
1.88 ac (81,675 SF)
Zoning code
B-5
APN
10-06-13-4-001-003.000
UPID
US03-0436743
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-5 · Montgomery, ALZoning B-5 · permitted uses
B-5 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping B-4, Community Shopping B-5 Item Districts B-4 B-5 Classes of business or services permitted A & B A & B Classes of business or services which may be permitted on appeal C & D D Classes of business or services restricted E & F E & F Minimum yard s
Zone name
Planned Commercial Community
General category
COMMERCIAL
Zone area
249.12 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$885,000
RETAIL STORES
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$725,000
HOTEL/MOTEL Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
99
Rooms
31
Bathrooms
104
Lot
1.88 ac
Current owner
From public records · entity-resolved
Balnji Hotel LLC
Entity
Mailing address
1051 EASTERN BLVD, MONTGOMERY, AL 36117-1918
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
—
Balaji Holel LLC
—
Deed
related
$1,495,850 · First Community Bank Of Cullman
Jul 6, 2022
—
Balaji Hotel LLC
—
Deed
related
$135,000 · First Community Bank Of Cullman
Mar 3, 2022
—
Balnji Hotel LLC
Ipd Hospitality INC
Warranty Deed
$982,500 · First Community Bank Of Cullman
Aug 31, 2017
$1,000,000
Atharv LLC
Montiecello Hospitalityllc
Warranty Deed
$140,000 · First Landmark Bk
Sep 28, 2012
—
Monticello Hospitality LLC
Lih Co LLC
Warranty Deed
$852,418 · Amerifirst Bank
—
—
Monticello Hospitality LLC
—
Deed Of Trust
related
$618,000 · Southern Development Council
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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