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Property profile & analytics
FOR SALE
Grocery and convenience stores
9611 Vaughn Rd Pike Pike Road, AL 36064
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0318019
For Sale
$900,000
9611 Vaughn Rd,Unit Pike, Pike Road, AL 36064
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2007
Total area
3,696 SF
Lot
1.21 ac (52,751 SF)
Zoning code
PUD
APN
08-04-19-4-001-001.109
UPID
US03-0318019
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
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Owner Name Unavailable · 22 yrs held
Owner Name Unavailable
since 2004
4 recorded transactions
Zoning & alternative use
PUD · Pike Road, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$600,000
+109.2%
Medical building
$510,000
+77.5%
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 Pike Road submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pike Road 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%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$600,000
Change: +109% · Conversion: Easy
MEDICAL BUILDING
$510,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
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
$185 / 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
$19,305
Tax year 2023
Assessed value
$279,780
Assessed 2023
Previous assessed
$282,140
-0.8% YoY
Effective rate
6.90%
On assessed value
Assessed land
$158,300
Assessed improvement
$121,480
Land market value
$791,500
Improvement market value
$607,400
Total market value
$1,398,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
125
Bathrooms
1
Total area
3,696 SF
Lot
1.21 ac (52,751 SF)
Zoning code
PUD
APN
08-04-19-4-001-001.109
UPID
US03-0318019
Jurisdiction
MONTGOMERY
Zoning & alternative use
PUD · Pike Road, AL
Zoning PUD · permitted uses
PUD · Pike Road, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pike Road. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$600,000
MEDICAL BUILDING
Est. value
$510,000
COMMERCIAL (GENERAL)
MEDICAL 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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
125
Bathrooms
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 22 yrs held
Mailing address
8095 VAUGHN RD, MONTGOMERY, AL 36116-6704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2018
—
Lions Pride Property INC
—
Deed
related
$1,000,000 · Nilkanth Kapadia
May 3, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
K-b Patel INC
—
Loan Modification
related
—
—
—
Lions Pride Property INC
—
Deed Of Trust
related
$1,000,000 · Nilkanth Kapadia
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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