Property profile

1255 Townplace Dr Montgomery, AL 36106

OFF-MARKET
Hotels
Property ID
US03-0168381
27,960 SF 2.66 ac lot Built 1998
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1998
Total area 27,960 SF
Lot 2.66 ac (115,870 SF)
Zoning code B-3
APN 10-06-13-3-000-006.008
UPID US03-0168381

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1255 Townplace Dr Montgomery, AL 36106-2914
Montgomery metro Census 3304 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.21M
Comparable Approach Comparable
$1.79M
Blend (final) Blend
$2.20M

Owner & transaction history

since 2018
5 recorded transactions
2018
$2,727
2015
$496,000
2013
$755,000
2012
$3.9M
2009
$500

Zoning & alternative use

B-3 · Montgomery, AL
Zoning description

s is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1255 Townplace Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message