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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Banks
225 Emma Ln Pike Road, AL 36064-2464
Individually Owned
15-yr Hold
Free & Clear
Property ID
US03-1682754
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2013
Construction
WOOD
Total area
10,469 SF
Lot
2.49 ac (108,464 SF)
Zoning code
B-2
APN
09-06-24-4-003-001.000
UPID
US03-1682754
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$758k
Blend (final)
Blend
$575k
Owner & transaction history
PRIMESOUTH BANK
PRIMESOUTH BANK
Zoning & alternative use
B-2 · Pike Road, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to be located along more dense areas of Highway 231 and certain major streets, primarily boulevards and parkways, and provide goods and services to residents of the Town as well as the surrounding trade area. Because these uses are subject to the public view, which is a matter of important concern to the entire Town, they should pro…
Zone name
General Business
General category
COMMERCIAL
Zone area
740.79 ac
Source
Realmo
Top alternative use upside
Retail stores
$910,000
+54.8%
Auto repair, garage
$895,000
+52.6%
Office building
$865,000
+47.2%
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 Pike Road submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pike Road 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$585,000
Current use
RETAIL STORES
$910,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$895,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$615,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$55 / 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
$32,562
Tax year 2023
Assessed value
$471,920
Assessed 2023
Previous assessed
$479,640
-1.6% YoY
Effective rate
6.90%
On assessed value
Assessed land
$106,300
Assessed improvement
$365,620
Land market value
$531,500
Improvement market value
$1,828,100
Total market value
$2,359,600
Applied tax rate
4.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
115
Bathrooms
1
Total area
10,469 SF
Lot
2.49 ac (108,464 SF)
Zoning code
B-2
APN
09-06-24-4-003-001.000
UPID
US03-1682754
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-2 · Pike Road, ALZoning B-2 · permitted uses
B-2 · Pike Road, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to be located along more dense areas of Highway 231 and certain major streets, primarily boulevards and parkways, and provide goods and services to residents of the Town as well as the surrounding trade area. Because these uses are subject to the public view, which is a matter of important concern to the entire Town, they should provide an appropriate appearance, ample parking, controlled traffic movement, suitable landscaping, and protection for abutting residential areas from the traffic and visual impacts associated with commercial activity.
Zone name
General Business
General category
COMMERCIAL
Zone area
740.79 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$585,000
RETAIL STORES
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$895,000
OFFICE BUILDING
Est. value
$865,000
MEDICAL BUILDING
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$615,000
FINANCIAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
115
Bathrooms
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
PRIMESOUTH BANK
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1310, WETUMPKA, AL 36092-0022
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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