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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Residential income homes
104 1st NE Ave Arab, AL 35016-1251
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US03-0994027
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1999
Total area
5,712 SF
Lot
23.37 ac (1,017,997 SF)
Zoning code
11
APN
13-07-25-2-002-008.000
UPID
US03-0994027
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
Current use
Occupant on record · Public records
-
Magnolia Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Magnolia Ter Apts LLC · 5 yrs held
Magnolia Ter Apts LLC
since 2021
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
11 · Arab, AL
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 Arab submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arab 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
$2,510,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10% · vs last sale $2.40M (Jan 5 2021)
Last sale anchor
$2.40M
Jan 5 2021
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
$432 / 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
$19,244
Tax year 2023
Assessed value
$475,160
Assessed 2023
Previous assessed
$475,160
+0.0% YoY
Effective rate
4.05%
On assessed value
Assessed land
$6,820
Assessed improvement
$468,340
Land market value
$34,100
Improvement market value
$2,341,700
Total market value
$2,375,800
Applied tax rate
11.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Rooms
16
Bathrooms
1
Total area
5,712 SF
Lot
23.37 ac (1,017,997 SF)
Zoning code
11
APN
13-07-25-2-002-008.000
UPID
US03-0994027
Jurisdiction
MARSHALL
Zoning & alternative use
11 · Arab, ALZoning 11 · permitted uses
11 · Arab, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
16
Bathrooms
1
Lot
23.37 ac
Current owner
From public records · entity-resolved
Magnolia Ter Apts LLC
Entity
Mailing address
11161 STATE RD 70TH E UNIT #110, LAKEWOOD RANCH, FL 34202-9407
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jan 5, 2021
$2,400,000
Magnolia Ter Apts LLC
David Bonds
Grant Deed
$1,680,000 · Alabama Cu
May 21, 2013
$1,000
Bancorpsouth Bk
Magnolia Management LLC
Quit Claim Deed
related
—
Mar 28, 2013
$1,250,000
David L Bonds
Bancorpsouth Bank
Special Warranty Deed
$125,000 · Bancorpsouth Bank
Feb 22, 2013
$1,143,000
Bancorpsouth Bk
Auctioneer Of Marshall County
Trustees Deed
related
—
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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