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Property profile & analytics
OFF-MARKET
Estimated value
$4,415,000
Strip malls
2762 Eastern Blvd Montgomery, AL 36117-1550
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-1514533
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
26,899 SF
Lot
2.71 ac (117,873 SF)
Zoning code
B-3
APN
10-06-23-4-007-001.002
UPID
US03-1514533
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
-
Beauty and Beyond (Bike/Boat/Book/etc) Store Cosmetic Store
-
Beauty & Beyond Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.97M
CAP Approach
CAP
$4.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.42M
Owner & transaction history
Urban Meridian Group INC · 5 yrs held
Urban Meridian Group INC
since 2021
Last sale
$4.7M
4 recorded transactions
Zoning & alternative use
B-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
s 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 permitte…
Zone name
Highway Commercial District
General category
COMMERCIAL
Zone area
2,459.81 ac
Source
code of ordinances
Top alternative use upside
Apartment house (5+ units)
$5.8M
+177.0%
Medical building
$3.9M
+85.0%
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
$3,895,000
ML approach
$3,965,000
CAP Approach
CAP Return
Estimation
6%
$5,330,000
6.5%
$4,920,000
7%
$4,570,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,770,000
Change: +177% · Conversion: Difficult
MEDICAL BUILDING
$3,855,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.97M – $4.86M · ±10% · vs last sale $4.65M (Apr 7 2021)
Last sale anchor
$4.65M
Apr 7 2021
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
$164 / 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
$9,790
Tax year 2023
Assessed value
$627,380
Assessed 2023
Previous assessed
$627,380
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$94,320
Assessed improvement
$533,060
Land market value
$471,600
Improvement market value
$2,665,300
Total market value
$3,136,900
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
1990
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
128
Bathrooms
1
Total area
26,899 SF
Lot
2.71 ac (117,873 SF)
Zoning code
B-3
APN
10-06-23-4-007-001.002
UPID
US03-1514533
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-3 · Montgomery, ALZoning B-3 · permitted uses
B-3 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
s 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 restricted E & F E & F Mini
Zone name
Highway Commercial District
General category
COMMERCIAL
Zone area
2,459.81 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
128
Bathrooms
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Urban Meridian Group INC
Entity
Mailing address
4828 ASHFORD DUNWOODY RD STE #400, ATLANTA, GA 30338-4833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 7, 2021
$4,650,000
Urban Meridian Group INC
Rfp Promgomery Holdings LLC
Warranty Deed
$4,435,000 · The Peoples Bank
Aug 14, 2020
$8,800,000
Rfp Promgomery Holdings LLC
Promgomery Holdings LLC|monarch Rfp
Foreclosure
related
—
Aug 24, 2010
—
First Republic Group Realty Ll
Colonial Realty LP
Quit Claim Deed
related
—
Aug 3, 2007
—
First Republic Group Realty Ll
Colonial Realty
Grant 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.
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