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    Property profile & analytics

    1756 Carter Hill Rd Montgomery, AL 36106

    • Drive through restaurants
    • 1,617 SF
    • 0.43 lot acres
    For Sale
    View listing
    $1,050,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0290171
    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

    • Jimmy John's / Delivery Restaurant / Takeout Restaurant

    Property Details for 1756 Carter Hill Rd

    Year built
    2014
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    1,617 SF
    Zone code
    B-2
    Property type
    Drive through restaurants
    APN
    10-04-20-2-013-001.000
    APU
    1004202013001000

    Description

    This exceptional 1,617 square foot quick-service restaurant/restaurant property is available for $1,050,000. Located at 1756 Carter Hill Rd, Montgomery, AL 36106, this Class B, single-tenant building boasts a 100% occupancy rate with a franchisee tenant under a NNN lease. Built in 2014, the property sits on a 0.43-acre lot zoned B-2, offering multiple ingress and egress points for convenient access. Its prime location on the busy corner of Carter Hill Rd and Narrow Lane Rd provides excellent visibility and high traffic counts (approximately 11,121 AADT). The property benefits from its strategic placement within the Country Club Shopping Center, alongside national tenants such as Winn Dixie, Dollar Tree, and Subway. Its proximity to the Montgomery Country Club, Alabama State University (approximately 5,875 students and 760 employees in 2023), and Huntingdon College (approximately 1,100 graduate students and 58 employees in 2023) ensures a consistent customer base. Surrounded by affluent neighborhoods like Old Cloverdale, McGehee/Allendale, and Hillwood, this property presents a compelling investment opportunity in a thriving market. The property features a drive-thru for added convenience. The price per square foot is $649.35.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $302,000
      Market price range: $90.8k - $303k

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.283
    Latitude
    32.3582
    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
    $6,687
    $52,440
    $85,260
    $137,700
    -
    $262,200
    $426,300
    $688,500

    Comparable in this City

    • Value Estimation
      $245,000
      3,315 SF

      2719 Zelda Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,315 SF
      2719 Zelda Rd, Montgomery, AL 36106-2665
      View Details
    • Value Estimation
      $225,000
      1,899 SF

      2025 Carter Hl Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,899 SF
      2025 Carter Hl Rd, Montgomery, AL 36106-2205
      View Details
    • Value Estimation
      $3,120,000
      2,411 SF

      5163 Carmichael Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,411 SF
      5163 Carmichael Rd, Montgomery, AL 36106-2905
      View Details
    • Value Estimation
      $285,000
      2,707 SF

      1621 Carter Hl Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,707 SF
      1621 Carter Hl Rd, Montgomery, AL 36106-1527
      View Details
    • Value Estimation
      $200,000
      0.22 Acres

      1950 Walnut St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.22 Acres
      1950 Walnut St, Montgomery, AL 36106-1533
      View Details
    • Value Estimation
      $250,000
      3,150 SF

      5055 Carmichael Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,150 SF
      5055 Carmichael Rd, Montgomery, AL 36106-2902
      View Details

    Similar Nearby for Sale

    • $1,050,000
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      Restaurant Space with Drive Thru

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      1756 Carter Hill Rd, Montgomery, AL 36106
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    • $1,050,000
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      Montgomery QSR/Restaurant for Sale

      Profitable Drive-Thru Restaurant, 1617 sq ft
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      Montgomery Land For Sale

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      Retail Space Near Alabama State

      Retail space with high visibility near Alabama State University.
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      Carmichael Place: Office & Retail Space

      Prime I-85 location; flexible office/retail suites.
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    • Contact for pricing
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      Executive Office Space in Montgomery, AL

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      View Details
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    Montgomery, AL 36106
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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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