Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,055,000
Medical Office Space
2752 Zelda Rd Montgomery, AL 36106-2694
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0588411
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Total area
27,695 SF
Lot
1.96 ac (85,595 SF)
Zoning code
B-2
APN
10-05-16-3-012-035.000
UPID
US03-0588411
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
-
Montgomery Eye Physicians - Zelda Office Ophthalmologist
-
The Montgomery Eye Surgery Center Medical Clinic Hospital
-
Bradford Michael B OD Physician
-
Mitchell Jr Tom Lyle MD Ophthalmologist
-
Meadows Timothy M OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.80M
CAP Approach
CAP
$4.70M
Comparable Approach
Comparable
$4.68M
Blend (final)
Blend
$5.06M
Owner & transaction history
Flagship Zelda Montgomery LLC · 1 yrs held
Flagship Zelda Montgomery LLC
since 2024
3 recorded transactions
Zoning & alternative use
B-2 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or servic…
Zone name
Business District Individual Stores
General category
COMMERCIAL
Zone area
3,361.47 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$7.9M
+108.9%
Apartment house (5+ units)
$5.9M
+56.9%
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
$6,960,000
ML approach
$6,795,000
CAP Approach
CAP Return
Estimation
6%
$5,085,000
6.5%
$4,695,000
7%
$4,360,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,785,000
Current use
RESTAURANT
$7,910,000
Change: +109% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,940,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$5.06M
Range $4.55M – $5.56M · ±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
$183 / 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
$28,040
Tax year 2023
Assessed value
$783,860
Assessed 2023
Previous assessed
$783,860
+0.0% YoY
Effective rate
3.58%
On assessed value
Assessed land
$119,880
Assessed improvement
$663,980
Land market value
$599,400
Improvement market value
$3,319,900
Total market value
$3,919,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
107
Bathrooms
1
Total area
27,695 SF
Lot
1.96 ac (85,595 SF)
Zoning code
B-2
APN
10-05-16-3-012-035.000
UPID
US03-0588411
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-2 · Montgomery, ALZoning B-2 · permitted uses
B-2 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or services which may be permitted on appeal D & G D & G Classes of business or services res
Zone name
Business District Individual Stores
General category
COMMERCIAL
Zone area
3,361.47 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.8M
RESTAURANT
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2
Units
107
Bathrooms
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Flagship Zelda Montgomery LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
Flagship Zelda Montgomery LLC
Montgomery Eye Surgery Center LLC
Deed
—
Dec 31, 2020
$6,800,000
Flagship Zelda Montgomery LLC
Benkwith Glassner Mitchell Prop LLP
Warranty Deed
—
Dec 31, 2020
$500
Benkwith-glassner-mitchell Pro
Medical Clinic Board Of The City
Warranty Deed
—
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 2752 Zelda 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.
