Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    173 OLD MONTGOMERY HIGHWAY #D Homewood, AL 35216

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    2-bedroom condo with pool, convenient to Samford, UAB, Brookwood.

    Type:Condominium
    Property size:
    961 SF
    Added:
    Aug 26, 2025
    Days on Market:
    221
    Last Refresh:
    Apr 2 at 12:09 am

    Property Features for 173 OLD MONTGOMERY HIGHWAY #D

    General Information

    Standard status
    Active
    Size
    961 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Aeriel Cole

    Listing agent Aeriel Cole License #165360

    Listing office Keller Williams Realty

    Listing date Aug 26, 2025

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

    Overview

    Charming Condo in Foxcroft Community

    This 2-bedroom, 1-bathroom condo is located in the Foxcroft Condominium Community. The 961 square foot unit features closet space, a kitchen with a pantry, and a private balcony. Community amenities include parking and a pool. The property is located near Samford, UAB, Brookwood Hospital, and Homewood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Homewood
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7873
    Latitude
    33.4208

    Nearby Similar for Sale

    • $3,500

      Charming Homewood Office Space

      Inviting office space with hardwood floors and convenient location.
      1807 OXMOOR ROAD, HOMEWOOD, AL 35209
      View Details
    • $2,100,000
      3,917 SF

      Renovated Multi-Tenant Homewood Investment

      Fully renovated multi-tenant building in prime Homewood location.
      1625 Oxmoor Rd, Homewood, AL 35209
      View Details
    • Contact for pricing
      25,943 SF

      Homewood Retail Portfolio For Sale

      Fully leased retail portfolio in downtown Homewood's iconic retail corridor.
      2916 18th Street South, Homewood, AL 35209
      View Details
    • $349,900
      1,174 SF

      Condo in Broadway Park

      Rare floor plan with skyline views near downtown Homewood.
      1040 BROADWAY PARK #435, HOMEWOOD, AL 35209,
      View Details
    • $1,800,000

      Premium Downtown Homewood Location

      Iconic downtown Homewood location with large street presence.
      2730 18TH STREET S, Homewood, AL 35209
      View Details

    FAQs

    What type of property is this?
    Apartment building - 2-bedroom condo with pool, convenient to Samford, UAB, Brookwood.
    Where is this apartment building located?
    The property is located at 173 OLD MONTGOMERY HIGHWAY #D Homewood, AL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Unbeatable location: Minutes from Samford, UAB, Brookwood Hospital, and Homewood.; Enjoy community pool access.; Relax on your private balcony.
    (205) 397-6500
    We can help!
    Listing Contact
    Aeriel Cole
    Real Estate License ID: 165360
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!