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    Property profile & analytics

    868 Lagoon Commercial Blvd Montgomery, AL 36117-2205

    • Warehouses
    • 9,258 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Last Sale
    Jun 16, 2022
    $585,000
    Location Intelligence
    Property ID
    US03-0290078
    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.

    Current Use by Public Records

    • Engineered Cooling Services / Hvac Contractor / Air Conditioning Contractor

    Property Details for 868 Lagoon Commercial Blvd

    Year built
    1997
    Construction
    WOOD
    Lot size
    1.13 lot acres
    Property size
    9,258 SF
    Zone code
    M-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    10-01-01-1-001-006.010
    APU
    1001011001006010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $480,000
      6.5%
      $550,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $480,000
      Mixed-Use
      $455,000
      Hospitality
      $480,000
      Educational
      $590,000
      Residential Income
      $535,000
      Energy
      $450,000
      Income-Based Land
      $490,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2081
    Latitude
    32.4026
    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
    2024
    $7,062
    $26,620
    $118,080
    $144,700
    -
    $133,100
    $590,400
    $723,500

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

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      565 Eastern Blvd

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      5860 Shirley Ln

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      2,480 SF

      818 Oliver Ct

      MINI-WAREHOUSE, STORAGE • 2,480 SF
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    • Value Estimation
      $580,000
      12,358 SF

      471 George Todd Ct

      MINI-WAREHOUSE, STORAGE • 12,358 SF
      471 George Todd Ct, Montgomery, AL 36117-2203
      View Details
    • Value Estimation
      $465,000
      26,748 SF

      520 George Todd Dr

      MINI-WAREHOUSE, STORAGE • 26,748 SF
      520 George Todd Dr, Montgomery, AL 36117-2206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

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    • $1,150,000
      1.55 Acres

      840 Lagoon Business Loop, Montgomery, AL 36117

      Industrial properties • 1.55 Acres
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      11,250 SF

      Kershaw Blvd Industrial Flex Space

      11,250 SF Flex Space, 8% Cap Rate, Sale-Leaseback
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      11,250 SF

      East Montgomery Industrial Flex Space

      Industrial flex space for sale in East Montgomery, Alabama.
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    • $164,631

      Montgomery Commercial Land - Oakhill Office Park

      Prime 26,341 SF lot, ideal for development.
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      Montgomery Commercial Land - 10.86 Acres

      Prime Montgomery land, ideal for mixed-use development.
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    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Montgomery Warehouse Space Available

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    • $6 SF/Yr
      14,925 SF

      Montgomery Flex Space Available

      3,000 SF Flex Space in Montgomery, AL
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    • $30,000
      30,723 SF

      Prime Montgomery Office/Warehouse Space

      Class A Office & Warehouse, 5,535 SF Available
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    • Contact for pricing
      400,507 SF

      East Montgomery Warehouse Space

      Prime Montgomery warehouse, 8 units available.
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    • $9 SF/Yr
      12,010 SF

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      Flex space • 12,010 SF
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    • Contact for pricing
      25,678 SF

      Montgomery Promenade Retail Center

      Five Retail Spaces Available Now
      2540 Eastern Blvd, Montgomery, AL 36117
      View Details
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    Montgomery, AL 36117-2205
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    Realmo Value Estimation

    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.

    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.

    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
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