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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Theaters & concert halls
4050 Fairground Rd, Montgomery, AL 36110-2008
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US03-0765609
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1986
Construction
WOOD
Total area
17,924 SF
Lot
7.7 ac (335,412 SF)
Zoning code
INST
APN
04-08-33-2-000-002.000
UPID
US03-0765609
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
-
Better Covenant Ministries Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Better Covenant Ministry INC · 10 yrs held
Better Covenant Ministry INC
since 2016
6 recorded transactions
Zoning & alternative use
INST · 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
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
THEATER (MOVIE)
$720,000
Current use
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$34 / 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
$377,980
Assessed 2023
Previous assessed
$377,980
+0.0% YoY
Assessed land
$92,400
Assessed improvement
$285,580
Land market value
$462,000
Improvement market value
$1,427,900
Total market value
$1,889,900
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
107
Bathrooms
1
Total area
17,924 SF
Lot
7.7 ac (335,412 SF)
Zoning code
INST
APN
04-08-33-2-000-002.000
UPID
US03-0765609
Jurisdiction
MONTGOMERY
Zoning & alternative use
INST · Montgomery, AL
Zoning INST · permitted uses
INST · 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
THEATER (MOVIE) Current
Est. value
$720,000
THEATER (MOVIE) Current
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
107
Bathrooms
1
Lot
7.7 ac
Current owner
From public records · entity-resolved
Better Covenant Ministry INC
Entity
Mailing address
4050 FAIRGROUND RD, MONTGOMERY, AL 36110-2008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jun 30, 2017
—
Better Covenant Ministry INC
—
Deed
related
$64,606 · River Bk&tr
May 24, 2016
—
Better Covenant Ministry INC
Greenwich Investors Xlvii Reo
Grant Deed
$500,000 · River Bk&tr
May 26, 2015
$1,064,494
Greenwich Investors Xlvii Reo
North Pointe Church Of Christ
Trustees Deed
related
—
May 19, 2006
—
North Pointe Church Of Christ
Eastern Meadows Church Of Christ
Warranty Deed
$1,055,000 · Eastern Meadows Church/christ
—
—
North Pointe Church Of Christ
—
Deed Of Trust
related
$993,471 · Regions Bank
—
—
Better Covenant Ministry INC
—
Loan Modification
related
$64,606 · River Bk&tr
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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