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Property profile & analytics
OFF-MARKET
Drive through restaurants
4023 Troy Hwy, Montgomery, AL 36116-2690
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0027198
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1986
Total area
3,591 SF
Lot
1.81 ac (78,844 SF)
Zoning code
B-3
APN
10-07-35-3-001-004.001
UPID
US03-0027198
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
-
All N My Grill Restaurant
-
Lionel Jay's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lutfur Rahman · 3 yrs held
Lutfur Rahman
since 2022
Last sale
$530,000
6 recorded transactions
Zoning & alternative use
B-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$3,692
Tax year 2023
Assessed value
$75,760
Assessed 2023
Previous assessed
$75,760
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$27,600
Assessed improvement
$48,160
Land market value
$138,000
Improvement market value
$240,800
Total market value
$378,800
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
Similar Nearby for Lease
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
124
Bathrooms
1
Total area
3,591 SF
Lot
1.81 ac (78,844 SF)
Zoning code
B-3
APN
10-07-35-3-001-004.001
UPID
US03-0027198
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-3 · Montgomery, AL
Zoning B-3 · permitted uses
B-3 · 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.
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
124
Bathrooms
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Lutfur Rahman
Individual
Free & Clear · 3 yrs held
Mailing address
2181 BOWEN DR, MONTGOMERY, AL 36106-3303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 20, 2022
$530,000
Lutfur Rahman
James R Wagner
Warranty Deed
—
Jul 15, 2020
$342,100
Wagner 1994 Trust
Dmm Troy Highway LLC
Grant Deed
—
Dec 5, 2016
$1,325,000
Dmm Troy Highway LLC
1994 Wagner Trust
Warranty Deed
—
Jun 20, 2007
$880,000
Wagner Trust 1994
Cp Equities Al LLC
Grant Deed
—
Oct 10, 2006
$972,500
Hr IV LLC
Cp Equities Al LLC
Grant Deed
—
Oct 10, 2006
$713,116
Cp Equities Al LLC
Hr IV LLC
Warranty Deed
—
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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