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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Retail properties & Spaces
5311 Wares Fry Rd Montgomery, AL 36109-3352
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0632827
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1981
Total area
12,125 SF
Lot
2.46 ac (107,158 SF)
Zoning code
B-2
APN
10-01-01-3-007-003.000
UPID
US03-0632827
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
-
Infinity Barber Shop Barber Shop
-
Shay Z & Co. Consultant
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Ja'shanique Hair & Style Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$820k
Owner & transaction history
Patricia B Dees · 6 yrs held
Patricia B Dees
since 2020
4 recorded transactions
Zoning & alternative use
B-2 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or servic…
Zone name
Business District Individual Stores
General category
COMMERCIAL
Zone area
3,361.47 ac
Source
code of ordinances
Top alternative use upside
Neighborhood: shopping center
$940,000
+52.2%
Commercial (general)
$930,000
+50.7%
Retail stores
$925,000
+49.6%
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$615,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$68 / 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
$9,731
Tax year 2023
Assessed value
$198,880
Assessed 2023
Previous assessed
$198,880
+0.0% YoY
Effective rate
4.89%
On assessed value
Assessed land
$79,440
Assessed improvement
$119,440
Land market value
$397,200
Improvement market value
$597,200
Total market value
$994,400
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
46
Rooms
8
Bathrooms
1
Total area
12,125 SF
Lot
2.46 ac (107,158 SF)
Zoning code
B-2
APN
10-01-01-3-007-003.000
UPID
US03-0632827
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-2 · Montgomery, ALZoning B-2 · permitted uses
B-2 · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or services which may be permitted on appeal D & G D & G Classes of business or services res
Zone name
Business District Individual Stores
General category
COMMERCIAL
Zone area
3,361.47 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$930,000
RETAIL STORES
Est. value
$925,000
OFFICE BUILDING
Est. value
$795,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
46
Rooms
8
Bathrooms
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
Patricia B Dees
Individual
Free & Clear · 6 yrs held
Mailing address
1005 BELL RD, MONTGOMERY, AL 36117-4322
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2020
—
Patricia B Dees
—
Deed
related
$341,718 · Valley Nat'l Bk
Apr 24, 2020
—
Patricia B Dees
John A Dees
Quit Claim Deed
related
—
—
—
Patricia B Dees
—
Loan Modification
related
$341,718 · Valley Nat'l Bk
—
—
John A Dees SR.
—
Deed Of Trust
related
$700,000 · Aliant Bank
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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