Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    643 Maxwell Blvd Montgomery, AL 36104-3053
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    643 Maxwell Blvd Montgomery, AL 36104-3053

    View on Map
    • Commercial land
    • 10,270 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US03-0507907
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 643 Maxwell Blvd

    Year built
    1950
    Lot size
    1.06 lot acres
    Property size
    10,270 SF
    Zone code
    T5
    Property type
    Commercial land
    APN
    11-01-12-3-007-006.000
    APU
    1101123007006000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,810,000
      6.5%
      $1,670,000
      7%
      $1,550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,921,000
      Market price range: $271k - $1.92M
      AI Estimate
      $2,224,000
      Market price range: $532k - $2.22M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,930,000
      APARTMENT HOUSE (5+ UNITS)
      $2,200,000
      MEDICAL BUILDING
      $1,405,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3206
    Latitude
    32.377
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $68,500
    $0.00
    $68,500
    -
    $342,500
    $0.00
    $342,500

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      Montgomery St

      VACANT COMMERCIAL LAND • 0.25 Acres
      Montgomery St, Montgomery, AL 36104
      View Details
    • Value Estimation by Request
      0.11 Acres

      Montgomery St

      VACANT COMMERCIAL LAND • 0.11 Acres
      Montgomery St, Montgomery, AL 36104
      View Details
    • Value Estimation by Request
      0.10 Acres

      709 Drivers Row

      VACANT COMMERCIAL LAND • 0.10 Acres
      709 Drivers Row, Montgomery, AL 36104-2400
      View Details
    • Value Estimation by Request
      0.24 Acres

      734 Frost St

      VACANT COMMERCIAL LAND • 0.24 Acres
      734 Frost St, Montgomery, AL 36104-2218
      View Details
    • Value Estimation by Request
      0.14 Acres

      730 Frost St

      VACANT COMMERCIAL LAND • 0.14 Acres
      730 Frost St, Montgomery, AL 36104-2218
      View Details
    • Value Estimation by Request
      0.05 Acres

      Lawrence St

      VACANT COMMERCIAL LAND • 0.05 Acres
      Lawrence St, Montgomery, AL 36104
      View Details

    Similar Nearby for Sale

    • $249,900
      4.00 Acres

      Land For Sale Montgomery, AL

      Approximately 4 acres of commercial land available in Montgomery, AL.
      1611 Northgate Dr, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Prime Downtown Investment Opportunity

      Two lots in the Central Business District for sale.
      552 S Hull St, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Prime Development Opportunity Near Maxwell

      Six adjoining lots near Maxwell Air Force Base and Whitewater Park.
      1307 Maxwell Blvd, Montgomery, AL 36104
      View Details
    • Contact for pricing
      43,342 SF

      Development Opportunity Near Montgomery Whitewater

      Commercial land suitable for retail, hospitality, restaurant, or gas station.
      931 Maxwell Blvd, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Business Lot in Central District

      Commercial lot in central business district near tourist destinations.
      438 S Court St, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Prime Development Opportunity Near Maxwell

      Land for sale near Maxwell Air Force Base and Whitewater Park.
      1261 Maxwell Blvd, Montgomery, AL 36104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Riverfront Commercial Space Available

      Prime location for restaurant, food trucks, or entertainment.
      540 Lafayette St, Montgomery, AL 36104
      View Details
    • Contact for pricing
      14 SF

      Montgomery Land for Lease

      14.23-acre property ideal for outdoor storage or new construction.
      North Mcdonough St, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Land Near Montgomery Whitewater

      Land with convenient access to I-85 and nearby attractions.
      530 Bibb St, Montgomery, AL 36104
      View Details
    • $2,400 /Mo
      2,439 SF

      Downtown Montgomery Commercial Space Available

      Prime downtown location suitable for retail, office, or restaurant.
      16 S Perry St, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Montgomery, Alabama.
      121 Coosa St, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available, 900 SqFt at 418 Scott St.
      418 Scott St, Montgomery, AL 36104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    643 Maxwell Blvd
    Montgomery, AL 36104-3053
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!