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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Theaters & concert halls
8173 Decker Ln, Montgomery, AL 36117-4255
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0850668
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2008
Construction
WOOD
Total area
12,748 SF
Lot
1.61 ac (70,306 SF)
Zoning code
PUD
APN
09-02-09-4-000-037.011
UPID
US03-0850668
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
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Life House · 2 yrs held
Life House
since 2023
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
PUD · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+109.4%
Restaurant
$1.1M
+87.8%
Retail stores
$870,000
+48.1%
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
$1,070,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,230,000
Change: +109% · Conversion: Difficult
RESTAURANT
$1,105,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.13M (Nov 3 2023)
Last sale anchor
$1.13M
Nov 3 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
$87 / 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
Assessed value
$274,920
Assessed 2023
Previous assessed
$274,920
+0.0% YoY
Assessed land
$31,640
Assessed improvement
$243,280
Land market value
$158,200
Improvement market value
$1,216,400
Total market value
$1,374,600
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
105
Bathrooms
1
Total area
12,748 SF
Lot
1.61 ac (70,306 SF)
Zoning code
PUD
APN
09-02-09-4-000-037.011
UPID
US03-0850668
Jurisdiction
MONTGOMERY
Zoning & alternative use
PUD · Montgomery, AL
Zoning PUD · permitted uses
PUD · 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
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$870,000
MEDICAL BUILDING
Est. value
$820,000
OFFICE BUILDING
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
105
Bathrooms
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Life House
Individual
Mailing address
PO BOX 837, GONZALES, LA 70707-0837
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
Nov 3, 2023
$1,125,000
Life House
Calvary Baptist Churchs
Warranty Deed
$650,000 · Henry Cobb JR Foundation
Jun 25, 2014
$1,315,000
Calvary Baptist Church
E & D Properties LLC
Warranty Deed
$1,090,000 · Aliant Bank
Jul 15, 2008
—
E & D Properties LLC
Wyndfield Properties LLC
Grant Deed
$1,449,250 · Compass Bk/mclennan Cnty
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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