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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Garden apartment buildings
107 25th NW Ave Center Point, AL 35215-3581
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0361735
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Total area
12,228 SF
Lot
6.35 ac (276,606 SF)
Zoning code
R4
APN
12-00-07-3-013-005.703
UPID
US03-0361735
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
MORTGATE REALTY, LLC
MORTGATE REALTY, LLC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$43 / 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 2015Property tax & assessments
Tax year 2015
Tax billed
$6,767
Tax year 2015
Assessed value
$135,060
Assessed 2016
Previous assessed
$135,060
+0.0% YoY
Effective rate
5.01%
On assessed value
Land market value
$414,800
Improvement market value
$2,286,500
Total market value
$2,701,300
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
1971
Heating
FORCED AIR
Cooling
YES
Buildings
14
Stories
2
Rooms
12
Total area
12,228 SF
Lot
6.35 ac (276,606 SF)
Zoning code
R4
APN
12-00-07-3-013-005.703
UPID
US03-0361735
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
1971
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
14
Rooms
12
Lot
6.35 ac
Current owner
From public records · entity-resolved
MORTGATE REALTY, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
220 22ND ST N, BIRMINGHAM, AL 35203-3708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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