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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
3920 Antoinette Dr Montgomery, AL 36111-2722
Entity Owned
Free & Clear
Property ID
US03-0326482
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
6,361 SF
Lot
5.03 ac (219,107 SF)
Zoning code
R-75-S
APN
10-09-29-4-006-001.000
UPID
US03-0326482
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Gardens of Waterford Nursing Home Retirement Community
-
Oxton Court at Waterford Place Nursing Home Retirement Community
-
Lisa Mccutchin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$615k
Owner & transaction history
Cornerstone Way LLC
Cornerstone Way LLC
since 2025
6 recorded transactions
Zoning & alternative use
R-75-S · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$870,000
+109.0%
Neighborhood: shopping center
$490,000
+18.4%
Commercial (general)
$490,000
+17.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$415,000
Current use
MEDICAL BUILDING
$870,000
Change: +109% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$490,000
Change: +17% · Conversion: Easy
RETAIL STORES
$485,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$97 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,013,460
Assessed 2023
Previous assessed
$1,017,100
-0.4% YoY
Assessed land
$24,240
Assessed improvement
$989,220
Land market value
$121,200
Improvement market value
$4,946,100
Total market value
$5,067,300
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
107
Rooms
32
Bathrooms
33
Total area
6,361 SF
Lot
5.03 ac (219,107 SF)
Zoning code
R-75-S
APN
10-09-29-4-006-001.000
UPID
US03-0326482
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-75-S · Montgomery, AL
Zoning R-75-S · permitted uses
R-75-S · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$415,000
MEDICAL BUILDING
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$490,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
107
Rooms
32
Bathrooms
33
Lot
5.03 ac
Current owner
From public records · entity-resolved
Cornerstone Way LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 2568, HICKORY, NC 28603-2568
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Cornerstone Way LLC
—
Deed
related
$250,000 · Valley National Bank NA
Aug 14, 2025
—
Cornerstone Way LLC
Rhcsc Montgomery T Health Holdings
Quitclaim Deed
related
—
Apr 16, 2018
—
Rhcsc
Medical Clinic Board
Quit Claim Deed
—
May 18, 2015
$4,750,500
Waterford Place Alf LLC
Water Oaks Partners LLC
Warranty Deed
—
May 18, 2015
—
Medical Clinic Board Of The City
Waterford Place Alf LLC
Warranty Deed
$9,750,000 · Waterford Place Alf LLC
Apr 4, 2006
—
Medical Clinic Board Of City & Mont
Waterford LLC
Warranty Deed
$4,930,000 · Bank Of Oklahoma
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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