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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Medical Office Space
7015 Halcyon Park Dr Montgomery, AL 36117-7763
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0313308
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
5,094 SF
Lot
0.92 ac (40,162 SF)
Zoning code
O-1
APN
09-09-29-1-000-001.027
UPID
US03-0313308
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
-
Dr. Vann Richard DMD (Dentists 4 Children, LLC) Dental Office
-
DENTISTS 4 CHILDREN Dr Heather Thornton Dr Richard Vann Dr James Jenkins Dental Office
-
D4C Properties LLC Dental Office
-
Dr. Heather C. Thornton, DMD (D4C) Dental Office
-
Heather Campbell Thornton Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$1.23M
Owner & transaction history
Richard D Sibner · 2 yrs held
Richard D Sibner
since 2023
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
O-1 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex O-1, Office Complex O-2 Item Districts O-0 O-1 O-2 Classes of structures or uses permitted A & B A, B & E A & B Classes of structures or use…
Zone name
Office District
General category
CIVIC_INSTITUTIONAL
Zone area
1,217.54 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$1.8M
+150.0%
Apartment house (5+ units)
$1.1M
+49.7%
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
$1,210,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
RESTAURANT
$1,825,000
Change: +150% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,090,000
Change: +50% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.27M (Aug 21 2023)
Last sale anchor
$1.27M
Aug 21 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
$240 / 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
$6,368
Tax year 2023
Assessed value
$155,880
Assessed 2023
Previous assessed
$155,880
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$40,200
Assessed improvement
$115,680
Land market value
$201,000
Improvement market value
$578,400
Total market value
$779,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
104
Bathrooms
1
Total area
5,094 SF
Lot
0.92 ac (40,162 SF)
Zoning code
O-1
APN
09-09-29-1-000-001.027
UPID
US03-0313308
Jurisdiction
MONTGOMERY
Zoning & alternative use
O-1 · Montgomery, ALZoning 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
Zoning description
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex O-1, Office Complex O-2 Item Districts O-0 O-1 O-2 Classes of structures or uses permitted A & B A, B & E A & B Classes of structures or uses permitted on appeal C & E C & D B, C & D Classes of structures or uses restricted
Zone name
Office District
General category
CIVIC_INSTITUTIONAL
Zone area
1,217.54 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
104
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Richard D Sibner
Individual
Mailing address
3709 VIA LA SELVA, PALOS VERDES ESTATES, CA 90274-1117
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
$1,270,000
Richard D Sibner
D4c Properties LLC
Warranty Deed
—
Jan 31, 2019
—
D4c Properties LLC
—
Deed
related
$800,000 · Amerifirst Bank
Jul 3, 2012
—
D4c Properties LLC
Vann,richard K
Warranty Deed
$435,000 · Amerifirst 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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