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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Sports & entertainment properties
1090 Montgomery Hwy, Vestavia Hills, AL 35216-2806
Entity Owned
9-yr Hold
Free & Clear
Property ID
US03-0637217
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2006
Construction
STEEL FRAME
Total area
67,090 SF
Lot
5.21 ac (226,860 SF)
Zoning code
B1
APN
28-00-30-3-002-012.000
UPID
US03-0637217
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
City Of Vestavia Hills Alabama · 9 yrs held
City Of Vestavia Hills Alabama
since 2017
4 recorded transactions
Zoning & alternative use
B1 · Vestavia Hills, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+52.1%
Medical building
$4.0M
+46.5%
Retail stores
$3.8M
+38.5%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$2,740,000
Current use
RESTAURANT
$4,165,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$4,010,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$3,790,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,140,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±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
$39 / 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
Assessed value
$2,986,860
Assessed 2023
Previous assessed
$2,986,860
+0.0% YoY
Assessed land
$534,839
Assessed improvement
$2,452,021
Land market value
$2,722,400
Improvement market value
$12,481,100
Total market value
$15,203,500
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
67,090 SF
Lot
5.21 ac (226,860 SF)
Zoning code
B1
APN
28-00-30-3-002-012.000
UPID
US03-0637217
Jurisdiction
JEFFERSON
Zoning & alternative use
B1 · Vestavia Hills, AL
Zoning B1 · permitted uses
B1 · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$2.7M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
5.21 ac
Current owner
From public records · entity-resolved
City Of Vestavia Hills Alabama
Entity
Free & Clear · 9 yrs held
Mailing address
1032 MONTGOMERY HWY, VESTAVIA HILLS, AL 35216-2806
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2017
$9,100,000
City Of Vestavia Hills Alabama
Store Capital Acquisitions LLC
Grant Deed
—
Mar 26, 2014
—
Store Capital Acquisitions LLC
Bac Vestavia Realty LLC
Grant Deed
related
$9,300,000 · Citibank
Feb 7, 2006
$960,000
Bac Vestavia Realty LLC
Aultman,sidney
Warranty Deed
—
—
—
Bac Vestavia Realty LLC
—
Deed Of Trust
related
$8,500,000 · Fifth Third Bk/ctrl
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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