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Property profile & analytics
OFF-MARKET
Estimated value
$4,745,000
Motels
2491 Eastern Blvd Montgomery, AL 36117-1505
Individually Owned
3-yr Hold
Free & Clear
Property ID
US03-0300331
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Total area
46,233 SF
Lot
2.58 ac (112,385 SF)
Zoning code
B-3
APN
10-06-24-3-001-003.005
UPID
US03-0300331
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
-
Unlimited Wireless Mobile Phone Store Electronics & Wireless Store
-
Home 1 Suites Extended Stay Hotel & Motel Vacation Rental
-
Harbor Ivory Jr Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$4.75M
Owner & transaction history
Esa P Portfolio Operating Lessee Ll · 3 yrs held
Esa P Portfolio Operating Lessee Ll
since 2023
Last sale
$4.9M
6 recorded transactions
Zoning & alternative use
B-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
s is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or services which may be permitte…
Zone name
Highway Commercial District
General category
COMMERCIAL
Zone area
2,459.81 ac
Source
code of ordinances
Top alternative use upside
Medical building
$6.6M
+52.9%
Retail stores
$4.5M
+3.5%
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
$4,635,000
ML approach
$4,600,000
CAP Approach
CAP Return
Estimation
6%
$3,955,000
6.5%
$3,650,000
7%
$3,390,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,330,000
Current use
MEDICAL BUILDING
$6,620,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$4,480,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,580,000
Change: -17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,545,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.75M
Range $4.27M – $5.22M · ±10% · vs last sale $4.87M (May 3 2023)
Last sale anchor
$4.87M
May 3 2023
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
$103 / 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
$41,049
Tax year 2023
Assessed value
$1,031,060
Assessed 2023
Previous assessed
$1,031,060
+0.0% YoY
Effective rate
3.98%
On assessed value
Assessed land
$134,880
Assessed improvement
$896,180
Land market value
$674,400
Improvement market value
$4,480,900
Total market value
$5,155,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
122
Bathrooms
121
Total area
46,233 SF
Lot
2.58 ac (112,385 SF)
Zoning code
B-3
APN
10-06-24-3-001-003.005
UPID
US03-0300331
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-3 · Montgomery, ALZoning B-3 · permitted uses
B-3 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
s is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or services which may be permitted on appeal D & G D & G Classes of business or services restricted E & F E & F Mini
Zone name
Highway Commercial District
General category
COMMERCIAL
Zone area
2,459.81 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
122
Bathrooms
121
Lot
2.58 ac
Current owner
From public records · entity-resolved
Esa P Portfolio Operating Lessee Ll
Individual
Free & Clear · 3 yrs held
Mailing address
2491 EASTERN BLVD, MONTGOMERY, AL 36117-1505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2023
—
Esa P Portfolio Operating Lessee Ll
Esa P Portfolio LLC
Correction Deed
related
—
Jun 7, 2023
$4,868,750
Jax Hotel Group LLC
Esa P Portfoio LLC
Correction Deed
related
$4,185,000 · Home Loan And Investment Bank Fsb
May 3, 2023
$4,868,750
Jax Hotel Group LLC
Esa P Portfolio LLC
Warranty Deed
$4,185,000 · Home Loan And Investment Bank Fsb
May 3, 2023
—
Esa P Portfolio Operating Lesseellc
Esa P Portfolio LLC
Lease
—
Jan 17, 2006
—
Bre Of Esa Portfolio LLC
Bre Of Esa Properties LLC
Quit Claim Deed
—
May 11, 2004
—
Owner Name Unavailable
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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