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    Property profile & analytics

    31 Commerce St Montgomery, AL 36104

    • Retail space
    • 12,746 SF
    • 0.17 lot acres
    For Sale
    View listing
    $390,000
    Value Estimation
    Last Sale
    Apr 11, 2022
    $522,000
    Location Intelligence
    Property ID
    US03-0808040
    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

    • Blue Cross Blue Shield - Health Insurance / Insurance Agency

    Property Details for 31 Commerce St

    Year built
    1982
    Lot size
    0.17 lot acres
    Property size
    12,746 SF
    Zone code
    T5
    Property type
    Retail space
    APN
    11-01-12-4-404-016.000
    APU
    1101124404016000

    Description

    This exceptional Class A, 11,673 sq ft mixed-use building is located in Montgomery, Alabama's central business district, at 31 Commerce St. Situated on a 0.17-acre lot, this vacant, two-story property offers unparalleled visibility adjacent to the Chamber of Commerce. Built in 1982, the concrete structure features a versatile open floor plan, a dock-high loading dock, and a service elevator, ensuring convenience and accessibility. The T-4 Smart Code zoning allows for a wide range of uses, making it ideal for various businesses. Its prime location offers easy access to popular restaurants, the market, the Alley Entertainment District, and major interstates (I-65 and I-85 are within 0.8 and 1.3 miles respectively). The asking price is $390,000, with a price per square foot of $33.41. This NNN lease property presents a unique chance to establish a thriving business in a vibrant downtown setting, benefiting from high foot traffic and proximity to approximately 450 new residential units. The multi-tenancy structure provides flexibility for various business models.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $535,000
      6.5%
      $550,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $485,000
      Mixed-Use
      $505,000
      Hospitality
      $585,000
      Educational
      $580,000
      Residential Income
      $550,000
      Energy
      $460,000
      Income-Based Land
      $575,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3103
    Latitude
    32.3779
    CBSA code
    33860
    CBSA name
    MONTGOMERY, 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
    $9,566
    $30,080
    $165,860
    $195,940
    -
    $150,400
    $829,300
    $979,700

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    31 Commerce St
    Montgomery, AL 36104
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    Realmo Value Estimation

    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.

    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.

    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
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