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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Drive through restaurants
2611 Es Blvd Montgomery, AL 36116-2509
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-3113336
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1993
Total area
1,983 SF
Lot
0.51 ac (22,000 SF)
Zoning code
B-3
APN
10-08-34-2-002-023.000
UPID
US03-3113336
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$475k
Blend (final)
Blend
$550k
Owner & transaction history
Southern Star Real Estate LLC · 1 yrs held
Southern Star Real Estate LLC
since 2024
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
B-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Dec 3 2024)
Last sale anchor
$550k
Dec 3 2024
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
$277 / 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
$3,629
Tax year 2023
Assessed value
$74,620
Assessed 2023
Previous assessed
$74,620
+0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$22,000
Assessed improvement
$52,620
Land market value
$110,000
Improvement market value
$263,100
Total market value
$373,100
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
108
Bathrooms
1
Total area
1,983 SF
Lot
0.51 ac (22,000 SF)
Zoning code
B-3
APN
10-08-34-2-002-023.000
UPID
US03-3113336
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-3 · Montgomery, AL
Zoning 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
Montgomery. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
108
Bathrooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Southern Star Real Estate LLC
Entity
Mailing address
PO BOX 23347, KNOXVILLE, TN 37933-1347
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
$550,000
Southern Star Real Estate LLC
D Andrea Group LLC
Warranty Deed
$1,440,000 · Live Oak Banking Company
Dec 5, 2019
—
Dandrea Group LLC
—
Deed
related
$240,000 · Southeast Bk
Jun 28, 2019
$320,000
D Andrea Group LLC
Quality Residences LLC
Warranty Deed
$300,000 · Quality Residences LLC
Aug 29, 2006
$225,000
Quality Residences LLC
Drumeliff Properties INC
Warranty Deed
—
—
—
Dandrea Group LLC
—
Deed Of Trust
related
$240,000 · Southeast Bk
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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