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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Turn key restaurants
2625 Zelda Rd Montgomery, AL 36107-3143
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0373256
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Total area
8,542 SF
Lot
5 ac (217,800 SF)
Zoning code
B-4
APN
10-05-16-3-004-001.000
UPID
US03-0373256
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
-
Red Roof Inn Montgomery - Midtown Hotel & Motel
-
Frazer Church Montgomery AL. Church
-
HomeTowne Studios Montgomery - Midtown Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$2.90M
Owner & transaction history
Reha Hotels LLC · 2 yrs held
Reha Hotels LLC
since 2023
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
B-4 · 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
$2,855,000
ML approach
$2,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $3.00M (Dec 14 2023)
Last sale anchor
$3.00M
Dec 14 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
$339 / 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
$30,079
Tax year 2023
Assessed value
$783,820
Assessed 2023
Previous assessed
$783,820
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$174,240
Assessed improvement
$609,580
Land market value
$871,200
Improvement market value
$3,047,900
Total market value
$3,919,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Units
109
Rooms
1
Bathrooms
1
Total area
8,542 SF
Lot
5 ac (217,800 SF)
Zoning code
B-4
APN
10-05-16-3-004-001.000
UPID
US03-0373256
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-4 · Montgomery, AL
Zoning B-4 · permitted uses
B-4 · 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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
109
Rooms
1
Bathrooms
1
Lot
5 ac
Current owner
From public records · entity-resolved
Reha Hotels LLC
Entity
Mailing address
2625 ZELDA RD, MONTGOMERY, AL 36107-3143
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
—
Reha Hotels LLC
—
Deed
related
$2,100,000 · Promiseone Bank
Dec 14, 2023
$3,000,000
Reha Hotels LLC
Shree Hotel LLC
Warranty Deed
—
Dec 22, 2020
—
Shree Hotel LLC
—
Deed
related
$150,000 · First Citizens Bank
—
—
Priti INC
—
Deed Of Trust
related
$2,000,000 · General Electric Capital Corp
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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