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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Grocery and convenience stores
4200 Carmichael Rd Montgomery, AL 36106-2804
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0306945
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
WOOD
Total area
2,497 SF
Lot
0.73 ac (31,581 SF)
Zoning code
O-1
APN
10-06-23-2-005-003.000
UPID
US03-0306945
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
-
Sunoco Gas Station Gas Station
-
Quick Service Gas Station
-
Sunoco Auto Repair Shop Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.06M
Owner & transaction history
Air Base INC · 5 yrs held
Air Base INC
since 2021
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
O-1 · 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
$985,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.18M (May 24 2021)
Last sale anchor
$1.18M
May 24 2021
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
$425 / 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
Tax billed
$4,110
Tax year 2023
Assessed value
$84,480
Assessed 2023
Previous assessed
$84,480
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$31,580
Assessed improvement
$52,900
Land market value
$157,900
Improvement market value
$264,500
Total market value
$422,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
123
Bathrooms
1
Total area
2,497 SF
Lot
0.73 ac (31,581 SF)
Zoning code
O-1
APN
10-06-23-2-005-003.000
UPID
US03-0306945
Jurisdiction
MONTGOMERY
Zoning & alternative use
O-1 · Montgomery, AL
Zoning O-1 · permitted uses
O-1 · 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
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
123
Bathrooms
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Air Base INC
Entity
Free & Clear · 5 yrs held
Mailing address
6890 VAUGHN RD, MONTGOMERY, AL 36116-1327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
$1,175,000
Air Base INC
Kim S Hyongsun
Warranty Deed
—
May 24, 2021
$1,595,000
Air Base INC
Kim S Hyongsun
Warranty Deed
—
Aug 20, 2019
$703,500
Kim S Hyongsun
Minar INC
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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