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

    1615 Sprott Dr Montgomery, AL 36117-5749

    • Manufacturing properties
    • 20,225 SF
    • 21.00 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0317928
    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

    • Woodworking Dynamics / Woodworker

    Property Details for 1615 Sprott Dr

    Year built
    1998
    Lot size
    21.00 lot acres
    Property size
    20,225 SF
    Property type
    Manufacturing properties
    APN
    08-03-06-0-000-007.001
    APU
    803060000007001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $306,000
      Market price range: $169k - $735k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $435,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.093
    Latitude
    32.3908
    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
    2024
    $4,991
    $20,800
    $100,920
    $121,720
    -
    $104,000
    $504,600
    $608,600

    Comparable in this City

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      $670,000
      170,644 SF

      920 Industrial Park Blvd

      MANUFACTURING (LIGHT) • 170,644 SF
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      View Details
    • Value Estimation
      $615,000
      21,043 SF

      884 Lagoon Commercial Blvd

      MANUFACTURING (LIGHT) • 21,043 SF
      884 Lagoon Commercial Blvd, Montgomery, AL 36117-2205
      View Details
    • Value Estimation
      $275,000
      8,539 SF

      11211 Trackwork St

      MANUFACTURING (LIGHT) • 8,539 SF
      11211 Trackwork St, Montgomery, AL 36117-6501
      View Details
    • Value Estimation
      $230,000
      7,791 SF

      11653 Wares Fry Rd

      MANUFACTURING (LIGHT) • 7,791 SF
      11653 Wares Fry Rd, Montgomery, AL 36117-6510
      View Details
    • Value Estimation
      $620,000
      344,095 SF

      840 Industrial Park Blvd

      MANUFACTURING (LIGHT) • 344,095 SF
      840 Industrial Park Blvd, Montgomery, AL 36117-5528
      View Details
    • Value Estimation
      $1,110,000
      30,280 SF

      201 Smothers Rd

      MANUFACTURING (LIGHT) • 30,280 SF
      201 Smothers Rd, Montgomery, AL 36117-5508
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

      Montgomery Industrial Land for Sale

      Prime industrial land near I-85 & Eastern Blvd.
      0 Monticello Dr. & Monticello Park, Montgomery, AL 36117
      View Details
    • $1,150,000
      1.55 Acres

      840 Lagoon Business Loop, Montgomery, AL 36117

      Industrial properties • 1.55 Acres
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      View Details
    • $1,199,000
      11,250 SF

      Kershaw Blvd Industrial Flex Space

      11,250 SF Flex Space, 8% Cap Rate, Sale-Leaseback
      285 Kershaw Industrial Blvd, Montgomery, AL 36117
      View Details
    • $1,099,000
      11,250 SF

      East Montgomery Industrial Flex Space

      Industrial flex space for sale in East Montgomery, Alabama.
      285 Kershaw Industrial Blvd, Montgomery, AL 36117
      View Details
    • $164,631

      Montgomery Commercial Land - Oakhill Office Park

      Prime 26,341 SF lot, ideal for development.
      0 Berry Chase Pl, Montgomery, AL 36117
      View Details
    • $923,100
      10.86 Acres

      Montgomery Commercial Land - 10.86 Acres

      Prime Montgomery land, ideal for mixed-use development.
      0 Copperfield Dr, Montgomery, AL 36117
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Montgomery Warehouse Space Available

      11,000 SF Warehouse, 2,200 SF Vacant
      630 Oliver Rd, Montgomery, AL 36117
      View Details
    • $30,000
      30,723 SF

      Prime Montgomery Office/Warehouse Space

      Class A Office & Warehouse, 5,535 SF Available
      5946 Monticello Dr, Montgomery, AL 36117
      View Details
    • $6 SF/Yr
      14,925 SF

      Montgomery Flex Space Available

      3,000 SF Flex Space in Montgomery, AL
      898 Plantation Way, Montgomery, AL 36117
      View Details
    • Contact for pricing
      400,507 SF

      East Montgomery Warehouse Space

      Prime Montgomery warehouse, 8 units available.
      311 Eastern Blvd, Montgomery, AL 36117
      View Details
    • $9 SF/Yr
      12,010 SF

      420 N Eastern Blvd

      Flex space • 12,010 SF
      420 Eastern Blvd, Montgomery, AL 36117
      View Details
    • $21 SF/Yr
      75,000 SF

      Halcyon Pointe I Office Space

      Class A Montgomery Office Suites, 496-1265 sqft.
      7515 Halcyon Summit Dr, Montgomery, AL 36117
      View Details
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    1615 Sprott Dr
    Montgomery, AL 36117-5749
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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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