Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    307 N Montgomery Ave Sheffield, AL 35660

    • Turn key restaurants
    • 5,502 SF
    For Sale
    View listing
    $925,000
    Last Sale
    Aug 12, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2572747
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Logan Room / Wedding Venue
    • The Red Clay Table / Restaurant

    Property Details for 307 N Montgomery Ave

    Year built
    1952
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    5,502 SF
    Property type
    Turn key restaurants
    APN
    07-08-28-3-010-040.000
    APU
    708283010040000

    Description

    This exceptional 6,000 square foot commercial property located at 307 Montgomery Avenue in downtown Sheffield, Alabama, presents a unique investment opportunity. Currently operating as a well-established restaurant, this turnkey business is ready for immediate occupancy. The sale includes all fixtures and equipment, eliminating the need for significant upfront investment. The property boasts a beautiful atmosphere, featuring high-quality fixtures and craftsmanship details throughout. A key feature is "The Logan Room," a dedicated event space ideal for hosting various functions, including holiday parties and corporate gatherings. Its prime downtown Sheffield location offers excellent visibility and accessibility. This property is perfect for a buyer looking to acquire an established, profitable business with immediate revenue potential. The building's size and versatile layout provide ample space for both dining and event operations, ensuring a diverse income stream. The existing restaurant's reputation and established clientele base provide a strong foundation for continued success. This is a rare opportunity to acquire a thriving business in a desirable location. Serious inquiries are encouraged to schedule a viewing and explore this exciting prospect. The property is offered at $925,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield
    County
    Colbert
    State
    Alabama
    Longitude
    -87.699
    Latitude
    34.7611
    CBSA code
    22520
    CBSA name
    FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,809
    $0.00
    $0.00
    $54,540
    -
    $3,000
    $542,400
    $545,400

    Comparable in this City

    • Value Estimation by Request
      11,795 SF

      1207 Jackson Hwy

      RESTAURANT • 11,795 SF
      1207 Jackson Hwy, Sheffield, AL 35660-5748
      View Details
    • Value Estimation by Request
      9,360 SF

      4700 Hatch Blvd

      RESTAURANT • 9,360 SF
      4700 Hatch Blvd, Sheffield, AL 35660-3656
      View Details
    • Value Estimation by Request
      1,265 SF

      3810 Hatch Blvd

      RESTAURANT • 1,265 SF
      3810 Hatch Blvd, Sheffield, AL 35660-1916
      View Details
    • Value Estimation by Request
      10,705 SF

      Montgomery Ave

      RESTAURANT • 10,705 SF
      Montgomery Ave, Sheffield, AL 35660
      View Details
    • Value Estimation by Request
      2,745 SF

      1207 Jackson Hwy

      RESTAURANT • 2,745 SF
      1207 Jackson Hwy, Sheffield, AL 35660-5748
      View Details
    • Value Estimation by Request
      4,409 SF

      1309 Jackson Hwy

      RESTAURANT • 4,409 SF
      1309 Jackson Hwy, Sheffield, AL 35660-6325
      View Details

    Similar Nearby for Sale

    • $925,000
      6,000 SF

      Established Restaurant with Event Room

      Turnkey restaurant with event space in downtown Sheffield, Alabama.
      307 N Montgomery Ave, Sheffield, AL 35660
      View Details
    • $950,000
      4,863 SF

      Sheffield Mixed-Use Renovation Opportunity

      Historic building with restaurant, apartments, and retail potential.
      301 N Montgomery Ave, Sheffield, AL 35660
      View Details
    • $440,000
      0.87 Acres

      Sheffield Commercial Property For Sale

      Commercial property in Sheffield, AL, suitable for various business ventures.
      419 N Raleigh Ave, Sheffield, AL 35660
      View Details
    • $1,075,000
      12,000 SF

      Retail and Apartment Investment Opportunity

      Two buildings with businesses and four apartments in Sheffield, AL.
      310 N Montgomery Ave, Sheffield, AL 35660
      View Details
    • $194,000
      1,200 SF

      Sheffield Commercial Space For Sale

      Versatile commercial space in a convenient location with unfinished addition.
      423 B Cox Blvd, Sheffield, AL 35660
      View Details
    • $1,610,000
      6,900 SF

      300 Montgomery Ave, Sheffield, AL 35660

      Retail properties • 6,900 SF
      300 Montgomery Ave, Sheffield, AL 35660
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    307 N Montgomery Ave
    Sheffield, AL 35660
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.