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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1851 Mt Meigs Rd Montgomery, AL 36107-2209
Individually Owned
Absentee Owner
Free & Clear
Property ID
US03-0387964
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1998
Total area
1,840 SF
Lot
0.22 ac (9,627 SF)
Zoning code
B-2
APN
10-03-08-4-008-017.000
UPID
US03-0387964
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
Current use
Occupant on record · Public records
-
Lucy Girl's Treasure Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tomas Lauriano
Tomas Lauriano
since 2026
6 recorded transactions
Zoning & alternative use
B-2 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or servic…
Zone name
Business District Individual Stores
General category
COMMERCIAL
Zone area
3,361.47 ac
Source
code of ordinances
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$657
Tax year 2023
Assessed value
$13,360
Assessed 2023
Previous assessed
$13,360
+0.0% YoY
Effective rate
4.92%
On assessed value
Assessed land
$4,340
Assessed improvement
$9,020
Land market value
$21,700
Improvement market value
$45,100
Total market value
$66,800
Applied tax rate
2.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1998
Heating
SPACE
Cooling
YES
Stories
1
Units
39
Bathrooms
1
Total area
1,840 SF
Lot
0.22 ac (9,627 SF)
Zoning code
B-2
APN
10-03-08-4-008-017.000
UPID
US03-0387964
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-2 · Montgomery, ALZoning B-2 · permitted uses
B-2 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or services which may be permitted on appeal D & G D & G Classes of business or services res
Zone name
Business District Individual Stores
General category
COMMERCIAL
Zone area
3,361.47 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1998
Heating
SPACE
Cooling
Yes
Stories
1
Units
39
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Tomas Lauriano
Individual
Free & Clear · 0 yrs held
Mailing address
2037 GORGAS ST, MONTGOMERY, AL 36106-1721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
$200,000
Tomas Lauriano
Sharon Gosnell
Warranty Deed
—
Nov 30, 2020
$112,350
Keystone Intl Invs LLC
Truist Bk
Grant Deed
—
Jul 24, 2019
$158,850
Branch Bkng & Trust Co
Branch Bkng & Trust Co|3d Electronic Services INC
Trustees Deed
related
—
Jan 15, 2010
$249,150
3d Electronic Services INC
C & C Ents LLC
Warranty Deed
related
$211,650 · Regions Bank
Nov 28, 2007
$202,000
C & C Ents LLC
Crutchfield,mike A & Carole B
Warranty Deed
related
—
—
—
3d Electronic Services INC
—
Deed Of Trust
related
$202,800 · Branch Banking & Trust Co
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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