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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
488 Fairview Ave Montgomery, AL 36105-1670
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0317683
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,785 SF
Lot
1.34 ac (58,327 SF)
Zoning code
T4-0
APN
11-06-24-1-017-092.000
UPID
US03-0317683
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Hyuen Yoo Sun · 3 yrs held
Hyuen Yoo Sun
since 2023
Last sale
$500,000
6 recorded transactions
Zoning & alternative use
T4-0 · 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
$475,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Jul 7 2023)
Last sale anchor
$500k
Jul 7 2023
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
$21 / 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
$11,807
Tax year 2023
Assessed value
$240,920
Assessed 2023
Previous assessed
$240,920
+0.0% YoY
Effective rate
4.90%
On assessed value
Assessed land
$46,660
Assessed improvement
$194,260
Land market value
$233,300
Improvement market value
$971,300
Total market value
$1,204,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Units
121
Bathrooms
1
Total area
24,785 SF
Lot
1.34 ac (58,327 SF)
Zoning code
T4-0
APN
11-06-24-1-017-092.000
UPID
US03-0317683
Jurisdiction
MONTGOMERY
Zoning & alternative use
T4-0 · Montgomery, AL
Zoning T4-0 · permitted uses
T4-0 · 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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
121
Bathrooms
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Hyuen Yoo Sun
Individual
Free & Clear · 3 yrs held
Mailing address
492 W FAIRVIEW AVE, MONTGOMERY, AL 36105-1670
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 7, 2023
$500,000
Hyuen Yoo Sun
Expressway Realty LLC
Warranty Deed
—
Oct 18, 2016
$100,000
John A Bullington
Wilburn G Bullington
Grant Deed
related
—
Sep 9, 2014
—
Wilburn G Bullington
Bullington W G Living Trust L
Quit Claim Deed
related
—
Jul 18, 2014
$321,000
Wilburn G Bullington
Bullington W G Living Trust
Warranty Deed
—
Aug 24, 2012
—
Judith D Graydon
Dienstfrei Arnold Trust
Quit Claim Deed
related
—
May 7, 2010
$1,000
Bullington,wilburn G Iving Trust
Bullington,jean B
Warranty Deed
related
—
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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