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    Property profile & analytics

    135 Panama St Montgomery, AL 36107-2404

    • Apartment buildings
    • 73,500 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimation
    $3,620,000
    Last Sale
    Jan 08, 2021
    $3,941,068
    Location Intelligence
    Property ID
    US03-1028462
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shakur Work From Home LLC / Call Center

    Property Details for 135 Panama St

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.26 lot acres
    Property size
    73,500 SF
    Zone code
    R-60-M
    Property type
    Apartment buildings
    APN
    10-02-09-3-008-001.000
    APU
    1002093008001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,180,000
      6.5%
      $3,885,000
      7%
      $4,010,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,645,000
      Geo Method
      $4,670,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,120,000
      Retail
      $3,790,000
      Mixed-Use
      $3,720,000
      Hospitality
      $4,330,000
      Educational
      $4,380,000
      Residential Income
      $3,745,000
      Energy
      $4,290,000
      Income-Based Land
      $4,515,000
      Food Service
      $3,800,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2741
    Latitude
    32.3793
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $11,000
    $770,880
    $781,880
    -
    $55,000
    $3,854,400
    $3,909,400

    Comparable in this City

    • Value Estimation by Request
      1,538 SF

      2201 Uppr Wetumpka Rd

      APARTMENT HOUSE (5+ UNITS) • 1,538 SF
      2201 Uppr Wetumpka Rd, Montgomery, AL 36107-1323
      View Details
    • Value Estimation by Request
      5,303 SF

      1717 Winona Ave

      APARTMENT HOUSE (5+ UNITS) • 5,303 SF
      1717 Winona Ave, Montgomery, AL 36107-1509
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    • Value Estimation
      $770,000
      13,956 SF

      2642 3rd St

      APARTMENT HOUSE (5+ UNITS) • 13,956 SF
      2642 3rd St, Montgomery, AL 36107-3104
      View Details
    • Value Estimation
      $220,000
      8,430 SF

      2305 Saint Charles Ave

      APARTMENT HOUSE (5+ UNITS) • 8,430 SF
      2305 Saint Charles Ave, Montgomery, AL 36107-1761
      View Details
    • Value Estimation
      $120,000
      3,950 SF

      1917 Yancey Ave

      APARTMENT HOUSE (5+ UNITS) • 3,950 SF
      1917 Yancey Ave, Montgomery, AL 36107-1501
      View Details
    • Value Estimation by Request
      4,588 SF

      3054 Mcqueen St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,588 SF
      3054 Mcqueen St, Montgomery, AL 36107-2516
      View Details

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    Similar Nearby for Lease

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      41,225 SF

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      Prime Montgomery retail, 7 spaces available
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      41,225 SF

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      Prime Montgomery retail space, high traffic area.
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      1,450 SF

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    135 Panama St
    Montgomery, AL 36107-2404
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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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