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    Property profile & analytics

    2629 Eastern Blvd Montgomery, AL 36117-1509

    • Office buildings
    • 6,302 SF
    • 3.56 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0380372
    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

    • Office buildings

    Property Details for 2629 Eastern Blvd

    Year built
    1984
    Lot size
    3.56 lot acres
    Property size
    6,302 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    10-06-24-3-001-005.000
    APU
    1006243001005000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $619,000
      Market price range: $334k - $619k
      AI Estimate
      $570,000
      Market price range: $222k - $570k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $470,000
      Current use
      MEDICAL BUILDING
      $905,000
      Change: +93% Conversion: Easy
      RETAIL STORES
      $610,000
      Change: +30% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $490,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $485,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2204
    Latitude
    32.3458
    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
    $7,400
    $71,200
    $224,520
    $295,720
    -
    $356,000
    $1,122,600
    $1,478,600

    Comparable in this City

    • Value Estimation by Request
      1,525 SF

      5772 Shirley Ln

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      5772 Shirley Ln, Montgomery, AL 36117-1961
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    • Value Estimation by Request
      937 SF

      8210 Old Federal Rd

      OFFICE BUILDING • 937 SF
      8210 Old Federal Rd, Montgomery, AL 36117-8010
      View Details
    • Value Estimation by Request
      972 SF

      7111 Halcyon Park Dr

      OFFICE BUILDING • 972 SF
      7111 Halcyon Park Dr, Montgomery, AL 36117-6863
      View Details
    • Value Estimation by Request
      847 SF

      7020 Fain Park Dr

      OFFICE BUILDING • 847 SF
      7020 Fain Park Dr, Montgomery, AL 36117-7814
      View Details
    • Value Estimation by Request
      723 SF

      7030 Fain Park Dr

      OFFICE BUILDING • 723 SF
      7030 Fain Park Dr, Montgomery, AL 36117-7834
      View Details
    • Value Estimation
      $625,000
      6,792 SF

      7080 Sydney Curv

      OFFICE BUILDING • 6,792 SF
      7080 Sydney Curv, Montgomery, AL 36117-3508
      View Details

    Similar Nearby for Sale

    • $498,750

      Fully Occupied Office Duplex

      4,330 SF office duplex, 100% occupied, owner financing available.
      6765/6767 Taylor Cir, Montgomery, AL 36117
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    • $520,000
      4,108 SF

      Renovated Commercial Building, Flexible Layout

      Remodeled commercial building with flexible layout and income potential.
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    • $425,000
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      East Montgomery Office Building For Sale

      Office building in East Montgomery, 100% occupied, convenient location.
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    • $3,950,000
      48,627 SF

      Montgomery Office Building Investment

      48,000 SF Office Building - Prime Location
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    • $3,950,000
      48,000 SF

      Office Building For Sale

      Office building with 48,000 square feet available for sale.
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    • $495,650
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      Modern Medical Office For Sale

      Modern medical office near Baptist East ER entrance, ample parking.
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    Similar Nearby for Lease

    • $26 SF/Yr

      Class A Office Space Available

      Four-story office building near EastChase with retail and restaurant access.
      2660 Eastchase Ln, Montgomery, AL 36117
      View Details
    • $13 SF/Yr
      20,082 SF

      Woodmere Office Center: Montgomery, AL

      Executive Suites, Montgomery, Alabama
      5950 Carmichael Pl, Montgomery, AL 36117
      View Details
    • $30,000
      30,723 SF

      Prime Montgomery Office/Warehouse Space

      Class A Office & Warehouse, 5,535 SF Available
      5946 Monticello Dr, Montgomery, AL 36117
      View Details
    • $14 SF/Yr
      9,615 SF

      Prime Montgomery Office Space

      Class A Office, 2 Spaces Available
      451 St Lukes Dr, Montgomery, AL 36117
      View Details
    • $21 SF/Yr
      75,000 SF

      Halcyon Pointe I Office Space

      Class A Montgomery Office Suites, 496-1265 sqft.
      7515 Halcyon Summit Dr, Montgomery, AL 36117
      View Details
    • $6 SF/Yr
      14,925 SF

      Montgomery Flex Space Available

      3,000 SF Flex Space in Montgomery, AL
      898 Plantation Way, Montgomery, AL 36117
      View Details
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    2629 Eastern Blvd
    Montgomery, AL 36117-1509
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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