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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Manufacturing properties
2 Ww Blvd Montgomery, AL 36108-1612
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-2814114
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2011
Total area
30,949 SF
Lot
5 ac (217,800 SF)
Zoning code
M-3
APN
11-04-17-1-001-002.003
UPID
US03-2814114
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
-
Alabama Steel Supply Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Alabama Steel Supply INC · 4 yrs held
Alabama Steel Supply INC
since 2022
Last sale
$3.2M
2 recorded transactions
Zoning & alternative use
M-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+415.4%
Restaurant
$3.8M
+411.6%
Retail stores
$3.1M
+321.0%
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
$2,405,000
ML approach
$2,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,835,000
Change: +415% · Conversion: Difficult
RESTAURANT
$3,805,000
Change: +412% · Conversion: Difficult
RETAIL STORES
$3,130,000
Change: +321% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,670,000
Change: +259% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,645,000
Change: +256% · Conversion: Easy
MEDICAL BUILDING
$1,990,000
Change: +168% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,815,000
Change: +144% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $3.22M (Jun 13 2022)
Last sale anchor
$3.22M
Jun 13 2022
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
$94 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,338
Tax year 2024
Assessed value
$189,340
Assessed 2024
Previous assessed
$189,380
0.0% YoY
Effective rate
4.93%
On assessed value
Assessed land
$5,000
Assessed improvement
$184,340
Land market value
$25,000
Improvement market value
$921,700
Total market value
$946,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2011
Heating
GRAVITY
Stories
1
Bathrooms
1
Total area
30,949 SF
Lot
5 ac (217,800 SF)
Zoning code
M-3
APN
11-04-17-1-001-002.003
UPID
US03-2814114
Jurisdiction
MONTGOMERY
Zoning & alternative use
M-3 · Montgomery, AL
Zoning M-3 · permitted uses
M-3 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.8M
RESTAURANT
Est. value
$3.8M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
GRAVITY
Stories
1
Bathrooms
1
Lot
5 ac
Current owner
From public records · entity-resolved
Alabama Steel Supply INC
Entity
Mailing address
2 WW BLVD, MONTGOMERY, AL 36108-1612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
$3,217,500
Alabama Steel Supply INC
Jjl Real Estate Holdings LLC
Warranty Deed
$3,782,500 · Troy Bank & Trust Co
Dec 17, 2004
—
Jjl Real Estate Holdings LLC
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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