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Property profile & analytics
OFF-MARKET
Estimated value
$200,000
Drive through restaurants
1950 Walnut St Montgomery, AL 36106-1533
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0325969
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2015
Lot
0.22 ac (9,660 SF)
Zoning code
O-1
APN
10-04-17-3-027-027.000
UPID
US03-0325969
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$200k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$200k
Owner & transaction history
S & L Mgmt INC · 21 yrs held
S & L Mgmt INC
since 2005
1 recorded transaction
Zoning & alternative use
O-1 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex O-1, Office Complex O-2 Item Districts O-0 O-1 O-2 Classes of structures or uses permitted A & B A, B & E A & B Classes of structures or use…
Zone name
Office District
General category
CIVIC_INSTITUTIONAL
Zone area
1,217.54 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
Method
Estimation
Statistic approach
by Request
ML approach
$200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$200k
Range $180k – $220k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$374
Tax year 2023
Assessed value
$7,720
Assessed 2023
Previous assessed
$7,720
+0.0% YoY
Effective rate
4.84%
On assessed value
Assessed land
$7,720
Land market value
$38,600
Total market value
$38,600
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2015
Heating
NONE
Lot
0.22 ac (9,660 SF)
Zoning code
O-1
APN
10-04-17-3-027-027.000
UPID
US03-0325969
Jurisdiction
MONTGOMERY
Zoning & alternative use
O-1 · Montgomery, ALZoning O-1 · permitted uses
O-1 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex O-1, Office Complex O-2 Item Districts O-0 O-1 O-2 Classes of structures or uses permitted A & B A, B & E A & B Classes of structures or uses permitted on appeal C & E C & D B, C & D Classes of structures or uses restricted
Zone name
Office District
General category
CIVIC_INSTITUTIONAL
Zone area
1,217.54 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
S & L Mgmt INC
Entity
Free & Clear · 21 yrs held
Mailing address
328 W LONGDEN AVE, ARCADIA, CA 91007-8235
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2005
—
S & L Mgmt INC
Owner Name Unavailable
Grant Deed
related
—
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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