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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Commercial real estate
1459 Montgomery Hwy Vestavia Hills, AL 35216-3632
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0742069
Property summary
AI-generated overview
This exceptional new retail development, located at 1459 Montgomery Highway in Vestavia Hills, Alabama (zip code 35216), offers 12,433 square feet of space across three single-story buildings. Currently, 5,183 square feet are available for lease, divisible into four units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 5,183 square feet. The property boasts a highly desirable location within Vestavia's thriving commercial corridor on Highway 31. The development features two established anchor tenants, Big Bad Breakfast and Waldo's Chicken & Beer, both with attractive outdoor patios, creating a vibrant and appealing atmosphere. Construction is slated for completion in Fall 2024, with restaurant openings projected for the first quarter of 2025. This presents a unique chance to secure space in a brand-new development alongside successful, established businesses. The property's multiple suite configuration provides flexibility for various retail or restaurant concepts. This is an ideal location for businesses seeking high visibility and access to a strong customer base in a rapidly growing area. The total number of suites in the development is four.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Construction
CONCRETE
Total area
20,814 SF
Lot
0.68 ac (29,819 SF)
Zoning code
B3
APN
39-00-01-1-001-002.000
UPID
US03-0742069
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$525k
Owner & transaction history
Terra Vesta Hillbilly LLC · 5 yrs held
Terra Vesta Hillbilly LLC
since 2020
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
B3 · Vestavia Hills, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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)
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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
$420,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Jan 31 2020)
Last sale anchor
$500k
Jan 31 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
$25 / 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
Tax billed
$11,134
Tax year 2022
Assessed value
$120,620
Assessed 2023
Previous assessed
$120,240
+0.3% YoY
Effective rate
9.23%
On assessed value
Assessed land
$119,280
Assessed improvement
$1,340
Land market value
$596,400
Improvement market value
$6,700
Total market value
$603,100
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
55
Bathrooms
1
Total area
20,814 SF
Lot
0.68 ac (29,819 SF)
Zoning code
B3
APN
39-00-01-1-001-002.000
UPID
US03-0742069
Jurisdiction
JEFFERSON
Zoning & alternative use
B3 · Vestavia Hills, AL
Zoning B3 · permitted uses
B3 · 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.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
55
Bathrooms
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Terra Vesta Hillbilly LLC
Entity
Mailing address
NORCROSS, GA 30071
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
Nov 23, 2020
$570,000
Terra Vesta Hillbilly LLC
Maddox Ents LP
Warranty Deed
$570,000 · Evabank
Jan 31, 2020
$500,000
Waffle House INC
Maddox Ents LP
Warranty Deed
—
Nov 8, 2005
$74,800
Maddox Ents
Maddox,virginia
Warranty 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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