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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Strip malls
2705 Bell Rd Montgomery, AL 36117
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0250835
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
18,892 SF
Lot
9 ac (392,040 SF)
Zoning code
B-4
APN
09-09-30-1-000-001.014
UPID
US03-0250835
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
$2.29M
Blend (final)
Blend
$1.72M
Owner & transaction history
Sk Group Vb Plaza LLC · 14 yrs held
Sk Group Vb Plaza LLC
since 2012
7 recorded transactions
Zoning & alternative use
B-4 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
or of a tenant space in a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping B-4, Community Shopping B-5 Item Districts B-4 B-5 Classes of business or services permitted A & B A & B Classes of business or services whi…
Zone name
Planned Commercial Local
General category
COMMERCIAL
Zone area
406.09 ac
Source
code of ordinances
Top alternative use upside
Medical building
$2.7M
+85.0%
Retail stores
$1.8M
+25.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,465,000
Current use
MEDICAL BUILDING
$2,705,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$1,830,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,450,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$1,405,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10%
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
$91 / 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
$36,878
Tax year 2023
Assessed value
$1,172,200
Assessed 2023
Previous assessed
$1,172,200
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$313,640
Assessed improvement
$858,560
Land market value
$1,568,200
Improvement market value
$4,292,800
Total market value
$5,861,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
137
Bathrooms
1
Total area
18,892 SF
Lot
9 ac (392,040 SF)
Zoning code
B-4
APN
09-09-30-1-000-001.014
UPID
US03-0250835
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-4 · Montgomery, ALZoning 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
Zoning description
or of a tenant space in a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping B-4, Community Shopping B-5 Item Districts B-4 B-5 Classes of business or services permitted A & B A & B Classes of business or services which may be permitted on appeal C & D D Classes of business or services restricted E
Zone name
Planned Commercial Local
General category
COMMERCIAL
Zone area
406.09 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
137
Bathrooms
1
Lot
9 ac
Current owner
From public records · entity-resolved
Sk Group Vb Plaza LLC
Entity
Mailing address
3410 NORMAN BRG RD, MONTGOMERY, AL 36105-2311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
—
Sk Group Vb Plaza LLC
—
Deed
related
$4,500,000 · Bank Of Hope
Apr 27, 2017
—
Sk Group Vb Plaza LLC
—
Grant Deed
related
$2,300,000 · Shinhan Bk
Apr 10, 2012
$2,300,000
Sk Group Vb Plaza LLC
Garrison Montgomery Owner LLC
Warranty Deed
$2,070,000 · Pacific City Bank
Sep 22, 2010
$11,000,000
Coyote Garrison Montgomery LLC
First Republic Group Realty Ll
Grant Deed
—
Aug 3, 2007
—
First Republic Group Realty Ll
Colonial Realty
Grant Deed
related
—
—
—
5k Group Vb Plaza LLC
—
Deed Of Trust
related
$500,000 · First Intercontinental Bk
—
—
Sk Group Vb Plaza LLC
—
Deed Of Trust
related
$4,500,000 · Bank Of Hope
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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