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Property profile & analytics
OFF-MARKET
Estimated value
$4,255,000
Medical Office Space
2048 Fairview Ave Montgomery, AL 36108-4196
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0487590
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1958
Total area
26,633 SF
Lot
21.5 ac (936,540 SF)
APN
11-06-23-1-030-001.000
UPID
US03-0487590
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
-
Father Purcell Memorial Exceptional Children's Center Association / Organization
-
St Jude Social Services Department Social Service Agency Charitable Organization
-
St. Jude Educational Institute High School
-
Food Distribution Center - City of Saint Jude Food Bank Charitable Organization
-
The City of St. Jude Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$5.63M
Blend (final)
Blend
$4.26M
Owner & transaction history
2048 West Rairview LLC · 5 yrs held
2048 West Rairview LLC
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.7M
+56.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,890,000
6.5%
$4,515,000
7%
$4,190,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,640,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,710,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$4.26M
Range $3.83M – $4.68M · ±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
$160 / 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
Assessed value
$1,038,840
Assessed 2023
Previous assessed
$1,038,840
+0.0% YoY
Assessed land
$79,500
Assessed improvement
$959,340
Land market value
$397,500
Improvement market value
$4,796,700
Total market value
$5,194,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
2
Units
105
Bathrooms
3
Total area
26,633 SF
Lot
21.5 ac (936,540 SF)
APN
11-06-23-1-030-001.000
UPID
US03-0487590
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
MEDICAL BUILDING Current
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
1958
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Units
105
Bathrooms
3
Lot
21.5 ac
Current owner
From public records · entity-resolved
2048 West Rairview LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2048 W FAIRVIEW AVE, MONTGOMERY, AL 36108-4196
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 2, 2021
—
2048 West Rairview LLC
Most Rev Thomas J Rodi Archibishop
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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