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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Retail space
11 Dexter Ave Montgomery, AL 36104-3514
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-0782153
Property summary
AI-generated overview
This exceptional 10,201 square foot retail property, located at 11 Dexter Avenue in Montgomery, Alabama, presents a rare leasing opportunity. Situated on a 0.7-acre lot, this three-story building boasts a rich history, having previously housed the iconic City Drug store. Recently renovated, the space is now move-in ready for a new tenant. The building features a single tenancy configuration, with 2,652 square feet currently vacant. Constructed in 1900, the structure is zoned T-5, offering flexibility for a variety of retail uses. The property's prime location in Montgomery County, Alabama, zip code 36104, provides excellent visibility and accessibility. This is an unparalleled chance to establish a business in a historic and revitalized downtown area. The building's substantial size and recent renovations make it an ideal location for a variety of retail concepts. The property's history and location combine to offer a unique and attractive opportunity for a discerning tenant. This is a chance to secure a prominent space in a thriving downtown Montgomery location. The vacant space is immediately available for lease.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
9,300 SF
Lot
0.07 ac (3,223 SF)
Zoning code
T5
APN
10-03-07-3-302-069.000
UPID
US03-0782153
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
-
Edward Richards Pharmacy
-
Amazon Hub Counter - Health Mart Pharmacy Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.50M
Owner & transaction history
Sfc Facilities LLC · 1 yrs held
Sfc Facilities LLC
since 2024
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
T5 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+432.5%
Medical building
$1.3M
+239.4%
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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Change: +432% · Conversion: Difficult
MEDICAL BUILDING
$1,270,000
Change: +239% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Nov 22 2024)
Last sale anchor
$1.50M
Nov 22 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
$161 / 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
$3,565
Tax year 2023
Assessed value
$148,260
Assessed 2023
Previous assessed
$148,260
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$16,140
Assessed improvement
$132,120
Land market value
$80,700
Improvement market value
$660,600
Total market value
$741,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Cooling
YES
Stories
3
Bathrooms
4
Total area
9,300 SF
Lot
0.07 ac (3,223 SF)
Zoning code
T5
APN
10-03-07-3-302-069.000
UPID
US03-0782153
Jurisdiction
MONTGOMERY
Zoning & alternative use
T5 · Montgomery, AL
Zoning T5 · permitted uses
T5 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1900
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Sfc Facilities LLC
Entity
Mailing address
PO BOX 240486, MONTGOMERY, AL 36124-0486
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$1,500,000
Sfc Facilities LLC
Linda Blackman
Warranty Deed
$995,000 · Cb&s Bank INC
Apr 20, 2015
$45,000
Linda Blackman
Blackman Linda & Gary
Warranty Deed
related
—
Apr 24, 2013
$90,000
Linda Blackman
Dexter Avenue Dev LLC
Grant Deed
—
Jan 24, 2011
—
City Of Montgomery
Maner Pitt T JR
Warranty Deed
—
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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