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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Strip malls
5510 Wares Fry Rd Montgomery, AL 36117-2111
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0306880
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Total area
14,078 SF
Lot
2.79 ac (121,663 SF)
Zoning code
M-1
APN
10-01-01-4-005-001.002
UPID
US03-0306880
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
-
II DYE IV HAIR SALON Hair Salon
-
Godzway Church
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Lajessie N. Arrington, LPC Counselor
-
Orlando Jerome Hardman: Primerica - Financial Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$1.03M
Owner & transaction history
J Simmons Properties LLC · 1 yrs held
J Simmons Properties LLC
since 2024
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
M-1 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+25.2%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,090,000
Current use
RETAIL STORES
$1,365,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,080,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$1,045,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.10M (Jul 15 2024)
Last sale anchor
$1.10M
Jul 15 2024
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
$73 / 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
$15,209
Tax year 2023
Assessed value
$306,240
Assessed 2023
Previous assessed
$306,240
+0.0% YoY
Effective rate
4.97%
On assessed value
Assessed land
$51,120
Assessed improvement
$255,120
Land market value
$255,600
Improvement market value
$1,275,600
Total market value
$1,531,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
111
Bathrooms
1
Total area
14,078 SF
Lot
2.79 ac (121,663 SF)
Zoning code
M-1
APN
10-01-01-4-005-001.002
UPID
US03-0306880
Jurisdiction
MONTGOMERY
Zoning & alternative use
M-1 · Montgomery, AL
Zoning M-1 · permitted uses
M-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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
111
Bathrooms
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
J Simmons Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2645 MCGEHEE RD, MONTGOMERY, AL 36111-1621
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 15, 2024
$1,100,000
J Simmons Properties LLC
John B Simmons JR
Warranty Deed
—
—
—
Luther D Morgan
—
Deed Of Trust
related
$100,000 · James F Hampton
—
—
Luther D Morgan
—
Deed Of Trust
related
$100,000 · Mif Trust INC
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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