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Property profile & analytics
OFF-MARKET
Estimated value
$13,340,000
Manufacturing properties
111 Folmar Pkwy Montgomery, AL 36105-5502
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0877061
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
240,744 SF
Lot
22 ac (958,320 SF)
Zoning code
M-1
APN
14-05-21-0-000-012.000
UPID
US03-0877061
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
-
WestRock Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.34M
Owner & transaction history
Almgmio1 Good 111 Folmar Parkw · 5 yrs held
Almgmio1 Good 111 Folmar Parkw
since 2020
Last sale
$14.3M
3 recorded transactions
Zoning & alternative use
M-1 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.6M
+296.1%
Commercial (general)
$20.1M
+286.4%
Office building
$19.7M
+278.3%
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
$14,590,000
ML approach
$10,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$20,575,000
Change: +296% · Conversion: Easy
COMMERCIAL (GENERAL)
$20,075,000
Change: +286% · Conversion: Difficult
OFFICE BUILDING
$19,655,000
Change: +278% · Conversion: Difficult
RETAIL STORES
$16,600,000
Change: +220% · Conversion: Moderate
MEDICAL BUILDING
$15,500,000
Change: +198% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,965,000
Change: +150% · Conversion: Difficult
Blend value · Realmo final
$13.34M
Range $12.01M – $14.67M · ±10% · vs last sale $14.25M (Oct 15 2020)
Last sale anchor
$14.25M
Oct 15 2020
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
$55 / 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
$88,272
Tax year 2024
Assessed value
$1,795,220
Assessed 2024
Previous assessed
$1,788,180
+0.4% YoY
Effective rate
4.92%
On assessed value
Assessed land
$95,040
Assessed improvement
$1,700,180
Land market value
$475,200
Improvement market value
$8,500,900
Total market value
$8,976,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
240,744 SF
Lot
22 ac (958,320 SF)
Zoning code
M-1
APN
14-05-21-0-000-012.000
UPID
US03-0877061
Jurisdiction
MONTGOMERY
Zoning & alternative use
M-1 · Montgomery, AL
Zoning 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
Montgomery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$20.6M
COMMERCIAL (GENERAL)
Est. value
$20.1M
OFFICE BUILDING
Est. value
$19.7M
RETAIL STORES
Est. value
$16.6M
MEDICAL BUILDING
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.0M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
22 ac
Current owner
From public records · entity-resolved
Almgmio1 Good 111 Folmar Parkw
Individual
Free & Clear · 5 yrs held
Mailing address
1521 WESTBRANCH DR STE #100, MCLEAN, VA 22102-3211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 15, 2020
$14,250,000
Almgmio1 Good 111 Folmar Parkw
Mlc LLC
Warranty Deed
—
Jun 9, 2020
$6,992,700
Mlc LLC
Industrial Dev Brd Of City Of Mongt
Warranty Deed
—
Aug 4, 2009
$575,000
Mcgruder INC
Brown,james W
Quit Claim Deed
related
—
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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