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Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Turn key restaurants
1485 Montgomery Hwy Vestavia Hills, AL 35216-3633
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-3116947
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Total area
9,147 SF
Lot
4.1 ac (178,552 SF)
Zoning code
B3
APN
39-00-01-1-001-014.000
UPID
US03-3116947
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
$2.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$3.39M
Owner & transaction history
City Of Vestavia Hills · 3 yrs held
City Of Vestavia Hills
since 2022
Last sale
$3.6M
4 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)
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
$2,785,000
ML approach
$2,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,475,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±10% · vs last sale $3.60M (Aug 2 2022)
Last sale anchor
$3.60M
Aug 2 2022
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
$370 / 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
$90,792
Tax year 2022
Assessed value
$1,082,780
Assessed 2023
Previous assessed
$980,480
+10.4% YoY
Effective rate
8.39%
On assessed value
Assessed land
$714,280
Assessed improvement
$368,500
Land market value
$3,571,400
Improvement market value
$1,842,500
Total market value
$5,413,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
9,147 SF
Lot
4.1 ac (178,552 SF)
Zoning code
B3
APN
39-00-01-1-001-014.000
UPID
US03-3116947
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
4.1 ac
Current owner
From public records · entity-resolved
City Of Vestavia Hills
Entity
Free & Clear · 3 yrs held
Mailing address
1032 MONTGOMERY HWY, VESTAVIA HILLS, AL 35216-2806
Ownership since
2022
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
Aug 2, 2022
$3,600,000
City Of Vestavia Hills
Ram Hospitality LLC
Warranty Deed
—
Nov 12, 2021
—
Dillon Equities INC
Ameris Bank
Quit Claim Deed
related
—
Sep 8, 2006
$3,000,000
Ram Hospitality LLC
Vestavia Hotels INC
Warranty Deed
$2,250,000 · Village Bk
—
—
Vestavia Hotels INC
—
Deed Of Trust
related
$1,750,000 · Cherokee Bk
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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