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    445 Co Rd Killen, AL 35645

    • Apartment buildings
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 445 Co Rd

    Year built
    1990
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents Center Star Village Apartments, a well-maintained multifamily property located in Killen, Alabama. The property boasts a desirable 6.93% capitalization rate, generating a strong Net Operating Income (NOI) of $99,648. Comprising two one-story buildings constructed in 1990, the complex offers a total of 18 apartment units and a substantial 16,000 square feet of net rentable space. Situated on Co Rd 445 in Lauderdale County, Alabama, zip code 35645 (34.8576544, -87.4477908), this property presents a compelling investment prospect for those seeking a stable and profitable addition to their portfolio. The property's strong performance metrics, combined with its convenient location, make it an attractive option for both seasoned investors and those new to the multifamily market. The 18 units provide a solid foundation for rental income, and the existing infrastructure offers potential for further value enhancement through strategic improvements or upgrades. The property's solid history and current performance make it a low-risk, high-reward investment opportunity. The asking price is $1,028,000. This is a turnkey operation ready for immediate income generation. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Killen
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.4478
    Latitude
    34.8577

    Comparable in this City

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      212 Blue Sky Way

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    445 Co Rd
    Killen, AL 35645
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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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