Technical
Financial
Distress signals
Property profile

2951 Chestnut St Montgomery, AL 36107

OFF-MARKET
Office buildings
Property ID
US03-0917967
16,265 SF 5 ac lot Built 1987
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 16,265 SF
Lot 5 ac (217,800 SF)
Zoning code M-1
APN 10-05-16-2-012-034.001
UPID US03-0917967

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Company

Location

2951 Chestnut St Montgomery, AL 36107-3009
Montgomery metro Census 1700 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$350k

Owner & transaction history

Zoning & alternative use

M-1 · Montgomery, AL
Zoning description

1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry…

General category INDUSTRIAL
Top alternative use upside
Medical building $2.2M +109.0%
Neighborhood: shopping center $1.3M +18.4%
Commercial (general) $1.2M +17.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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