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Property profile & analytics
FOR SALE
Drive through restaurants
1115 Coliseum Blvd Montgomery, AL 36110-2446
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-3138758
No photos on file
For Sale
Contact for pricing
1115 Coliseum Blvd, Montgomery, AL 36110-2446
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Total area
3,657 SF
Lot
1.55 ac (67,605 SF)
Zoning code
INST
APN
04-08-33-3-000-003.003
UPID
US03-3138758
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
$1.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.77M
Owner & transaction history
Houck Ventures I LLC · 3 yrs held
Houck Ventures I LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
INST · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this INST district is to provide areas for the Public buildings and uses, semi-public buildings and uses including private schools, YMCA and YWCO facilities, hospitals and nursing homes, colleges, country clubs, golf courses, and churches, together with all structures normal and incidental to such institutions.
Zone name
Institutional Area
General category
CIVIC_INSTITUTIONAL
Zone area
6,765.08 ac
Source
Realmo
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
$1,770,000
ML approach
$1,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.86M (Feb 17 2023)
Last sale anchor
$1.86M
Feb 17 2023
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
$484 / 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
$9,144
Tax year 2023
Assessed value
$183,540
Assessed 2023
Previous assessed
$183,540
+0.0% YoY
Effective rate
4.98%
On assessed value
Assessed land
$101,440
Assessed improvement
$82,100
Land market value
$507,200
Improvement market value
$410,500
Total market value
$917,700
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
1988
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
124
Bathrooms
1
Total area
3,657 SF
Lot
1.55 ac (67,605 SF)
Zoning code
INST
APN
04-08-33-3-000-003.003
UPID
US03-3138758
Jurisdiction
MONTGOMERY
Zoning & alternative use
INST · Montgomery, ALZoning INST · permitted uses
INST · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this INST district is to provide areas for the Public buildings and uses, semi-public buildings and uses including private schools, YMCA and YWCO facilities, hospitals and nursing homes, colleges, country clubs, golf courses, and churches, together with all structures normal and incidental to such institutions.
Zone name
Institutional Area
General category
CIVIC_INSTITUTIONAL
Zone area
6,765.08 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
124
Bathrooms
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Houck Ventures I LLC
Entity
Free & Clear · 3 yrs held
Mailing address
108 WHEATLAND RD, LEWISBERRY, PA 17339-9410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$1,856,155
Houck Ventures I LLC
Well Call It 85 LLC
Special Warranty Deed
—
Jun 9, 2022
$925,000
Well Call It 85 LLC
Mccool Investments Al LLC
Special Warranty Deed
$925,000 · Bcl Cre 3 LLC
Aug 21, 2017
$1,510,000
Mccool Investments Al LLC
Circle Ksm LLC
Warranty Deed
$935,000 · Unify Financial FCU
Dec 22, 2014
$1,650,000
Circle Ksm LLC
Stevenson Family Trust
Grant Deed
—
Oct 3, 2007
—
Edward F Stevenson
Cp Equities Al LLC
Special Warranty Deed
$612,500 · Wells Fargo Bank NA
Oct 10, 2006
$1,256,000
Hr IV LLC
Cp Equities Al LLC
Grant Deed
—
Oct 10, 2006
$980,189
Cp Equities Al LLC
Hr IV LLC
Warranty Deed
—
Oct 10, 2006
—
Cp Equities Al LLC
Hr IV LLC
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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