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150 Fleming Rd Montgomery, AL 36105-3208

OFF-MARKET Theaters & concert halls Google Maps
34,846 SF 6 ac lot Built 2003
Individually Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$445k
Range $401k – $490k (±10%)
Property ID US03-3141647

Property summary

AI-generated overview

This exceptional 34,588-square-foot special purpose property, built in 2003, presents a unique investment opportunity in Montgomery, Alabama. Located on a generous 15-acre lot at 150 E Fleming Rd, 36105, near the intersection of E Fleming Road and Norman Bridge Road, this former church offers immense potential for adaptive reuse. The asking price is $1,750,000, translating to $50.60 per square foot. The property consists of a single building and includes existing furniture, fixtures, and equipment. This comprehensive inventory encompasses chairs, audio systems, and daycare furniture, offering a significant head start for prospective buyers. The property's size and location make it suitable for a variety of uses, including but not limited to: a church, school, call center, entertainment venue, or governmental office. Its substantial square footage and expansive acreage provide ample space for diverse operational needs and future expansion. This is a rare opportunity to acquire a substantial property in a desirable Montgomery location. The property's versatility and existing infrastructure make it an attractive proposition for a wide range of potential buyers.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 2003
Total area 34,846 SF
Lot 6 ac (261,360 SF)
Zoning code M-1
APN 10-09-31-3-001-001.003
UPID US03-3141647

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Community Center
  • Food Bank Charitable Organization
  • Family Recreation Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2020
4 recorded transactions
2020
$254,373
2019
$2.2M
2006
$3.7M
1969
Price N/A

Zoning & alternative use

M-1 · Montgomery, AL
Zoning description

1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry…

General category INDUSTRIAL

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
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