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Property profile & analytics
OFF-MARKET
Estimated value
$300,000
Drive through restaurants
1955 Coliseum Blvd Montgomery, AL 36110-3217
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0549488
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2001
Total area
2,851 SF
Lot
0.8 ac (35,000 SF)
Zoning code
B-5
APN
04-08-28-3-000-004.005
UPID
US03-0549488
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
-
KFC Restaurant
-
Checkers Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
Nirajkumar Patel · 1 yrs held
Nirajkumar Patel
since 2024
Last sale
$297,500
5 recorded transactions
Zoning & alternative use
B-5 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping B-4, Community Shopping B-5 Item Districts B-4 B-5 Classes of business or services permitted A & B A & B Classes of business or services which may be permitted on a…
Zone name
Planned Commercial Community
General category
COMMERCIAL
Zone area
249.12 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
$300,000
ML approach
$300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$300k
Range $270k – $330k · ±10% · vs last sale $298k (Aug 29 2024)
Last sale anchor
$298k
Aug 29 2024
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
$105 / SF
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
$4,896
Tax year 2023
Assessed value
$96,340
Assessed 2023
Previous assessed
$96,340
+0.0% YoY
Effective rate
5.08%
On assessed value
Assessed land
$27,880
Assessed improvement
$68,460
Land market value
$139,400
Improvement market value
$342,300
Total market value
$481,700
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
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
111
Bathrooms
1
Total area
2,851 SF
Lot
0.8 ac (35,000 SF)
Zoning code
B-5
APN
04-08-28-3-000-004.005
UPID
US03-0549488
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-5 · Montgomery, ALZoning B-5 · permitted uses
B-5 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping B-4, Community Shopping B-5 Item Districts B-4 B-5 Classes of business or services permitted A & B A & B Classes of business or services which may be permitted on appeal C & D D Classes of business or services restricted E & F E & F Minimum yard s
Zone name
Planned Commercial Community
General category
COMMERCIAL
Zone area
249.12 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
111
Bathrooms
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Nirajkumar Patel
Individual
Mailing address
1266 TULLAHOMA DR UNIT B, PRATTVILLE, AL 36066-2104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
$297,500
Nirajkumar Patel
Jane Brown
Deed
$297,500 · Isadore Irving Brown Trust
Oct 11, 2022
$1,500,000
Isadore Irving Brown
Checkerboard Montgomery Re 1 LLC
Limited Warranty Deed
—
Sep 19, 2022
—
Checkerboard Montgomery Re 1 LLC
Fss Retail Property LLC
Correction Deed
related
—
Aug 1, 2022
$250,000
Checkerboard Montgomery Re I LLC
Fss Retail Property LLC
Warranty Deed
—
Apr 27, 2016
$657,000
Fss Retail Property LLC
Schilleci,frank S
Warranty Deed
—
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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