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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3479 Norman Brg Rd Montgomery, AL 36105-2327

    • Office buildings
    • 1,737 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    7.9%
    Office buildings
    Location Intelligence
    Property ID
    US03-0325349
    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

    • Zeta Phi Beta Sorority Inc / Non-Profit Organization

    Property Details for 3479 Norman Brg Rd

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    1,737 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    10-09-30-1-006-005.000
    APU
    1009301006005000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $340,000
      6.5%
      $315,000
      7%
      $295,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2991
    Latitude
    32.3417
    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
    $0.00
    $2,220
    $15,840
    $18,060
    -
    $11,100
    $79,200
    $90,300

    Comparable in this City

    • Value Estimation
      $435,000
      31,909 SF

      3465 Norman Brg Rd

      OFFICE BUILDING • 31,909 SF
      3465 Norman Brg Rd, Montgomery, AL 36105-2310
      View Details
    • Value Estimation
      $255,000
      2,923 SF

      4614 Endover Dr

      OFFICE BUILDING • 2,923 SF
      4614 Endover Dr, Montgomery, AL 36105-3408
      View Details
    • Value Estimation
      $570,000
      396 SF

      1125 Hyundai Blvd

      OFFICE BUILDING • 396 SF
      1125 Hyundai Blvd, Montgomery, AL 36105-9613
      View Details
    • Value Estimation
      $225,000
      5,290 SF

      15 Ws Blvd

      OFFICE BUILDING • 5,290 SF
      15 Ws Blvd, Montgomery, AL 36105-3143
      View Details
    • Value Estimation
      $265,000
      1,575 SF

      4644 Endover Dr

      OFFICE BUILDING • 1,575 SF
      4644 Endover Dr, Montgomery, AL 36105-3408
      View Details
    • Value Estimation
      $315,000
      8,614 SF

      203 Fleming Rd

      OFFICE BUILDING • 8,614 SF
      203 Fleming Rd, Montgomery, AL 36105-3209
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      102 Acres Commercial Land, Montgomery AL

      Highway 331 frontage, ideal for industrial use.
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    • $143,000
      20.00 Acres

      Montgomery Land with Stocked Pond

      20-acre wooded land with pond in Montgomery, Alabama.
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      Hope Hull Commercial Land Parcel

      0.7-acre commercial lot, prime location.
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    • $750,000

      Former Hotel in Montgomery, AL

      Four-story, 109-room hotel on 4.51 acres for sale.
      1100 W South Blvd, Montgomery, AL 36105
      View Details
    • $70,000
      4.70 Acres

      Residential Lot in Hope Hull

      4.7 acre residential lot in the Hope Hull area.
      4 Sullivans Trce, Montgomery, AL 36105
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    • $199,900

      Versatile Commercial Building for Automotive Use

      Commercial property ideal for car wash, auto sales, or service.
      3403 Norman Bridge Rd, Montgomery, AL 36105
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    Similar Nearby for Lease

    • Contact for pricing
      161,172 SF

      Hope Hull Commercial Land - 3.7 Acres

      Prime Commercial Land, Hope Hull, Alabama. High Growth Area.
      7521 Mobile Hwy, Montgomery, AL 36105
      View Details
    • $4 SF/Yr
      12,114 SF

      Former Walgreens with Drive-Thru

      12,114 SF stand-alone retail building with drive-thru.
      10 W Fairview Ave, Montgomery, AL 36105
      View Details
    • $24,000
      1,393,920 SF

      32 Acres Hwy 331 Commercial Land

      Prime Industrial Land near Hyundai
      0 Us Highway 331, Montgomery, AL 36105
      View Details
    • Contact for pricing
      377,600 SF

      Montgomery Industrial Build-to-Suit

      Prime location, flexible warehouse space.
      0 Coca-Cola Rd, Montgomery, AL 36105
      View Details
    • $4 SF/Yr
      38,000 SF

      Montgomery Industrial Property - 38,000 SF

      Large industrial space, ideal for manufacturing or distribution.
      720 South Blvd, Montgomery, AL 36105
      View Details
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    3479 Norman Brg Rd
    Montgomery, AL 36105-2327
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    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
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