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    Property profile & analytics

    2491 Eastern Blvd Montgomery, AL 36117-1505

    • Motels
    • 46,233 SF
    • 2.58 lot acres
    OFF-MARKET
    Value Estimation
    $4,775,000
    Last Sale
    May 03, 2023
    $4,868,750
    Location Intelligence
    Property ID
    US03-0300331
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Unlimited Wireless / Cell Phone Store
    • Home 1 Suites Extended Stay / Extended Stay Hotel / Hotel
    • Harbor Ivory Jr / Apartment Complex

    Property Details for 2491 Eastern Blvd

    Year built
    1997
    Lot size
    2.58 lot acres
    Property size
    46,233 SF
    Zone code
    B-3
    Property type
    Motels
    APN
    10-06-24-3-001-003.005
    APU
    1006243001003005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,020,000
      6.5%
      $4,555,000
      7%
      $4,540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,115,000
      Geo Method
      $5,115,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,645,000
      Retail
      $4,370,000
      Mixed-Use
      $5,640,000
      Hospitality
      $4,620,000
      Educational
      $4,470,000
      Residential Income
      $5,835,000
      Energy
      $4,265,000
      Income-Based Land
      $5,230,000
      Food Service
      $5,310,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2202
    Latitude
    32.3483
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $41,049
    $134,880
    $896,180
    $1,031,060
    -
    $674,400
    $4,480,900
    $5,155,300

    Comparable in this City

    • Value Estimation
      $350,000
      24,449 SF

      5837 Monticello Dr

      MOTEL • 24,449 SF
      5837 Monticello Dr, Montgomery, AL 36117-1987
      View Details
    • Value Estimation
      $2,290,000
      50,107 SF

      9151 Boyd Cooper Pkwy

      MOTEL • 50,107 SF
      9151 Boyd Cooper Pkwy, Montgomery, AL 36117-7581
      View Details
    • Value Estimation
      $815,000
      32,712 SF

      10150 Chantilly Pkwy

      MOTEL • 32,712 SF
      10150 Chantilly Pkwy, Montgomery, AL 36117-7583
      View Details
    • Value Estimation
      $585,000
      28,101 SF

      100 Gibbons Dr

      MOTEL • 28,101 SF
      100 Gibbons Dr, Montgomery, AL 36117-6143
      View Details
    • Value Estimation
      $1,440,000
      44,815 SF

      5601 Carmichael Rd

      MOTEL • 44,815 SF
      5601 Carmichael Rd, Montgomery, AL 36117-1837
      View Details
    • Value Estimation by Request
      8,977 SF

      5555 Carmichael Rd

      MOTEL • 8,977 SF
      5555 Carmichael Rd, Montgomery, AL 36117-1840
      View Details

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    Similar Nearby for Lease

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      Modern Medical Office Space - Excellent Location
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    • Contact for pricing
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      Montgomery, AL: Prime Retail Spaces Available
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      Five Retail Spaces Available Now
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      Commercial Pad Site For Lease

      Commercial pad site available for ground lease in Montgomery, AL.
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    • $12 SF/Yr
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      Woodmere Crossing Retail Center

      High-traffic retail center, spaces available
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      View Details

    Property Visit Statistics

    • Visits by month
      3.5k
    • Visitors by month
      2.7k
    • Avg Time on site
      20 min
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    Montgomery, AL 36117-1505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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