Back to Search
Property profile & analytics
OFF-MARKET
Retail properties & Spaces
2656 Old Selma Rd Montgomery, AL 36108-2032
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0936099
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1945
Total area
2,551 SF
Lot
0.51 ac (22,055 SF)
Zoning code
R-75-S
APN
11-05-16-1-002-008.000
UPID
US03-0936099
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Derrick Vinson · 1 yrs held
Derrick Vinson
since 2025
2 recorded transactions
Zoning & alternative use
R-75-S · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ng the operation of chicken brooder houses, and provided no structure, pen or corral housing animals is located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. R-75-s, R-75-d, R-75-m Item Districts R-75-s R-75-d R-75-m Classes of structures or uses permitted A A & B A, B, C, D & H Classes of structu…
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
6,950.34 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$205
Tax year 2023
Assessed value
$3,960
Assessed 2023
Previous assessed
$3,960
+0.0% YoY
Effective rate
5.18%
On assessed value
Assessed land
$1,880
Assessed improvement
$2,080
Land market value
$9,400
Improvement market value
$10,400
Total market value
$19,800
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1945
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
67
Bathrooms
1
Total area
2,551 SF
Lot
0.51 ac (22,055 SF)
Zoning code
R-75-S
APN
11-05-16-1-002-008.000
UPID
US03-0936099
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-75-S · Montgomery, ALZoning R-75-S · permitted uses
R-75-S · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ng the operation of chicken brooder houses, and provided no structure, pen or corral housing animals is located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. R-75-s, R-75-d, R-75-m Item Districts R-75-s R-75-d R-75-m Classes of structures or uses permitted A A & B A, B, C, D & H Classes of structures or uses permitted on appeal F F F Classes of structures or uses restricted B, C, D
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
6,950.34 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1945
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
67
Bathrooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Derrick Vinson
Individual
Free & Clear · 1 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
$52,000
Derrick Vinson
Adrian Santiago Perez
Quitclaim Deed
related
—
Apr 22, 2024
$52,000
Adrian Santiago Perez
J Or J Properties LLC
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2656 Old Selma Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
