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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    150 Dexter Ave Montgomery, AL 36104-3737

    • Banks
    • 13,091 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0456321
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RAVUS Cyber, LLC / Computer Security Service
    • The Lab on Dexter / Office Space Rental Agency
    • Applied Technology Academy / Computer Training School / Training Centre
    • TK Properties / Real Estate Consultant
    • Analog Teams / Software Company

    Property Details for 150 Dexter Ave

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.73 lot acres
    Property size
    13,091 SF
    Zone code
    T5
    Property type
    Banks
    APN
    10-03-07-3-303-011.000
    APU
    1003073303011000

    Description

    This exceptional 12,999-square-foot retail space is available for lease at 150 Dexter Avenue in Montgomery County. The property offers a single-tenant occupancy, providing a unique opportunity for a business seeking a substantial and highly visible location. The entire building is currently vacant, presenting a blank canvas for a prospective tenant to customize the space to perfectly suit their operational needs. The building's substantial square footage allows for a wide range of retail concepts, from large-format stores to multi-functional spaces. The property's location in Montgomery County offers excellent access to major transportation arteries, ensuring high visibility and convenient access for customers. This presents a rare opportunity to secure a significant retail presence in a desirable market. The property is classified as Commercial Retail and is available immediately. The building's size and layout provide ample space for inventory, display, and customer service areas. Prospective tenants are encouraged to explore the possibilities this expansive retail space offers. The absence of existing tenants allows for complete design flexibility and customization, enabling the creation of a truly unique and impactful retail environment. This is an ideal opportunity for a business seeking to establish a strong presence in a thriving Montgomery County location. The property's size and location make it an attractive proposition for a variety of retail businesses. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $476,000
      Market price range: $476k - $989k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3065
    Latitude
    32.3768
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,549
    $128,000
    $88,220
    $216,220
    -
    $640,000
    $441,100
    $1,081,100

    Comparable in this City

    • Value Estimation
      $300,000
      18,636 SF

      418 Madison Ave

      FINANCIAL BUILDING • 18,636 SF
      418 Madison Ave, Montgomery, AL 36104-3630
      View Details
    • Value Estimation
      $235,000
      6,486 SF

      400 Arba St

      FINANCIAL BUILDING • 6,486 SF
      400 Arba St, Montgomery, AL 36104-5106
      View Details
    • Value Estimation
      $285,000
      4,053 SF

      800 Washington Ave

      FINANCIAL BUILDING • 4,053 SF
      800 Washington Ave, Montgomery, AL 36104-3839
      View Details
    • Value Estimation
      $205,000
      2,260 SF

      500 Bibb St

      FINANCIAL BUILDING • 2,260 SF
      500 Bibb St, Montgomery, AL 36104-2534
      View Details
    • Value Estimation
      $220,000
      19,753 SF

      660 Adams Ave

      FINANCIAL BUILDING • 19,753 SF
      660 Adams Ave, Montgomery, AL 36104-4362
      View Details
    • Value Estimation
      $255,000
      6,090 SF

      309 Maxwell Blvd

      FINANCIAL BUILDING • 6,090 SF
      309 Maxwell Blvd, Montgomery, AL 36104-3058
      View Details

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      Downtown Montgomery Retail Space

      Prime Retail Location, Multiple Spaces Available
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      Downtown Montgomery Retail Space

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    Montgomery, AL 36104-3737
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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