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    3581 Carter Hill Rd Montgomery, AL 36111
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    3581 Carter Hill Rd Montgomery, AL 36111

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    • Commercial land
    • 0.52 lot acres
    For Sale
    $225,000
    View Listing →
    Retail Lot For Sale For Sale
    $225,000

    Retail Lot For Sale

    Retail lot available on Carter Hill Rd and McGehee Road.

    3581 Carter Hill Rd, Montgomery, AL 36111
    View Listing
    Property ID
    US03-0330973
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3581 Carter Hill Rd

    Lot size
    0.52 lot acres
    Zone code
    B-4
    Property type
    Commercial land
    APN
    10-08-28-1-011-008.000
    APU
    1008281011008000

    Description

    This exceptional 0.52-acre parcel of land presents a remarkable opportunity for retail development in Montgomery, Alabama. Strategically located on the corner of Carter Hill Road and McGehee Road, this property benefits from high visibility and accessibility within a thriving retail area. The site is situated in an established neighborhood with nearby schools, ensuring a consistent flow of potential customers. Its proximity to Baptist South Medical Center further enhances its appeal, attracting a diverse clientele. The asking price for this prime retail lot is $225,000. This represents a significant investment opportunity in a rapidly growing area of Montgomery, offering substantial potential for return. The property's location at 3581 Carter Hill Rd, Montgomery, AL 36111, places it within easy reach of a large consumer base. The 0.52-acre size provides ample space for a variety of retail developments, making it an attractive proposition for entrepreneurs and investors alike. Don't miss this chance to acquire a highly desirable retail lot in a prime Montgomery location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2605
    Latitude
    32.3384
    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
    $2,074
    $42,760
    $0.00
    $42,760
    -
    $213,800
    $0.00
    $213,800

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      Mcgehee Rd

      VACANT COMMERCIAL LAND • 0.46 Acres
      Mcgehee Rd, Montgomery, AL 36111
      View Details
    • Value Estimation by Request
      0.75 Acres

      530 Edgemont Ave

      VACANT COMMERCIAL LAND • 0.75 Acres
      530 Edgemont Ave, Montgomery, AL 36111-1321
      View Details
    • Value Estimation by Request
      1.15 Acres

      Summerhill Dr

      VACANT COMMERCIAL LAND • 1.15 Acres
      Summerhill Dr, Montgomery, AL 36111
      View Details
    • Value Estimation by Request
      1.61 Acres

      Ss Blvd

      VACANT COMMERCIAL LAND • 1.61 Acres
      Ss Blvd, Montgomery, AL 36111
      View Details
    • Value Estimation by Request
      0.00 Acres

      Mcgehee Rd

      VACANT COMMERCIAL LAND • 0.00 Acres
      Mcgehee Rd, Montgomery, AL 36111
      View Details
    • Value Estimation by Request
      0.60 Acres

      2661 Fisk Rd

      VACANT COMMERCIAL LAND • 0.60 Acres
      2661 Fisk Rd, Montgomery, AL 36111-2941
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Lot For Sale

      Retail lot available on Carter Hill Rd and McGehee Road.
      3581 Carter Hill Rd, Montgomery, AL 36111
      View Details
    • Contact for pricing

      Corner Commercial Lots For Sale

      Two commercial lots with high visibility and access.
      Troy Hwy, Montgomery, AL 36111
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      Vacant Retail Parcel For Sale

      Vacant retail parcel near high-traffic area and established neighborhoods.
      3443 Mcgehee Rd, Montgomery, AL 36111
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    • Contact for pricing

      Prime Retail Corner Lot

      Corner lot available for purchase near Huntingdon College.
      511 E Edgemont Ave, Montgomery, AL 36111
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    • Contact for pricing

      Vacant Retail Parcel For Sale

      Vacant retail parcel on McGehee Rd, high-visibility location.
      Mcgehee Rd, Montgomery, AL 36111
      View Details
    • Contact for pricing

      Normandale Shopping Center Outparcels

      Three outparcels available at Normandale Shopping Center.
      E Patton Ave At Norman Brg Rd, Montgomery, AL 36111
      View Details
    View Listing
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    3581 Carter Hill Rd
    Montgomery, AL 36111
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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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