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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Garden apartment buildings
100 Sterling NW Ct Center Point, AL 35215-4561
Individually Owned
8-yr Hold
Free & Clear
Property ID
US03-0889203
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
12,768 SF
Lot
8.13 ac (354,056 SF)
Zoning code
R4
APN
12-00-18-3-009-004.000
UPID
US03-0889203
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
$1.42M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.02M
Owner & transaction history
Serenity Apartments Of Sterling L · 8 yrs held
Serenity Apartments Of Sterling L
since 2017
6 recorded transactions
Zoning & alternative use
R4 · Center Point, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 606. - R-4 Multifamily District (Apartments). Every building hereafter erected or moved shall be located on a lot, tract, or parcel, and in no case shall there be more than one principal residential building (and its accessory buildings) on any one lot, tract, or parcel, except as provided in
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
95.45 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 Center Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Center Point 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%
$1,535,000
6.5%
$1,415,000
7%
$1,315,000
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$79 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$63,374
Tax year 2022
Assessed value
$1,958,880
Assessed 2023
Previous assessed
$1,150,160
+70.3% YoY
Effective rate
3.24%
On assessed value
Assessed land
$104,680
Assessed improvement
$1,854,200
Land market value
$523,400
Improvement market value
$9,271,000
Total market value
$9,794,400
Applied tax rate
47.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
12
Bathrooms
97
Total area
12,768 SF
Lot
8.13 ac (354,056 SF)
Zoning code
R4
APN
12-00-18-3-009-004.000
UPID
US03-0889203
Jurisdiction
JEFFERSON
Zoning & alternative use
R4 · Center Point, ALZoning R4 · permitted uses
R4 · Center Point, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 606. - R-4 Multifamily District (Apartments). Every building hereafter erected or moved shall be located on a lot, tract, or parcel, and in no case shall there be more than one principal residential building (and its accessory buildings) on any one lot, tract, or parcel, except as provided in
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
95.45 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
12
Bathrooms
97
Lot
8.13 ac
Current owner
From public records · entity-resolved
Serenity Apartments Of Sterling L
Individual
Free & Clear · 8 yrs held
Mailing address
15 W 27TH ST FL, NEW YORK, NY 10001-8010
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2018
—
Serenity Apts At Sterling LLC
—
Deed
related
$3,960,000 · Valley Nat'l Bk
Sep 12, 2017
$4,516,000
Serenity Apartments Of Sterling L
Summer Terrace Apartments LLC
Warranty Deed
—
Apr 1, 2016
$3,125,000
Summer Terrace Apartments LLC
Summer Terrace LLC
Warranty Deed
—
Oct 26, 2010
—
Summer Terrace LLC
Owner Name Unavailable
Grant Deed
related
—
Apr 2, 2010
—
Fhlm
Owner Name Unavailable
Grant Deed
related
—
—
—
Serenity Apts At Sterling LLC
—
Deed Of Trust
related
$3,960,000 · Valley Nat'l Bk
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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