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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Medical Office Space
Ss Un St Montgomery, AL 36104
Individually Owned
8-yr Hold
Free & Clear
Property ID
US03-2387383
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
7,148 SF
Lot
0.37 ac (16,000 SF)
Zoning code
B-1-B
APN
10-03-07-4-024-002.000
UPID
US03-2387383
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
$1.21M
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$905k
Owner & transaction history
Mario A Villacis · 8 yrs held
Mario A Villacis
since 2017
1 recorded transaction
Zoning & alternative use
B-1-B · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ordinance shall be considered legal non-conforming. (Ord. No. 13-64; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 17-2014, § 1, 3-4-2014; 79-2017, 9-5-2017) Sec. 3. - Business areas. Central Business B-1-a, B-1-b Item Districts B-1-a B-1-b Classes of businesses or services permitted A & C A, B, C & D Classes of businesses or services which may be…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
28.51 ac
Source
code of ordinances
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$975,000
Current use
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$127 / 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
$257,240
Assessed 2023
Previous assessed
$259,500
-0.9% YoY
Assessed land
$51,200
Assessed improvement
$206,040
Land market value
$256,000
Improvement market value
$1,030,200
Total market value
$1,286,200
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
1968
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
7,148 SF
Lot
0.37 ac (16,000 SF)
Zoning code
B-1-B
APN
10-03-07-4-024-002.000
UPID
US03-2387383
Jurisdiction
MONTGOMERY
Zoning & alternative use
B-1-B · Montgomery, ALZoning B-1-B · permitted uses
B-1-B · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ordinance shall be considered legal non-conforming. (Ord. No. 13-64; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 17-2014, § 1, 3-4-2014; 79-2017, 9-5-2017) Sec. 3. - Business areas. Central Business B-1-a, B-1-b Item Districts B-1-a B-1-b Classes of businesses or services permitted A & C A, B, C & D Classes of businesses or services which may be permitted on appeal B & D E Classes of businesses or services prohibited E & F F Mi
Zone name
Central Business District
General category
COMMERCIAL
Zone area
28.51 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$975,000
MEDICAL BUILDING Current
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Mario A Villacis
Individual
Free & Clear · 8 yrs held
Mailing address
770 WASHINGTON AVE, MONTGOMERY, AL 36104-3819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2017
$140,000
Mario A Villacis
Madison Union Dev LLC
Warranty Deed
—
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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