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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Garden apartment buildings
1413 12th St Midfield, AL 35228-3113
Entity Owned
3-yr Hold
Property ID
US03-0913236
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Total area
3,924 SF
Lot
0.29 ac (12,800 SF)
Zoning code
R6
APN
22-00-26-4-033-002.000
UPID
US03-0913236
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
$750k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$720k
Owner & transaction history
Five Trees Apartments LLC · 3 yrs held
Five Trees Apartments LLC
since 2023
Last sale
$920,000
7 recorded transactions
Zoning & alternative use
R6 · Midfield, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+34.1%
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 Midfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midfield 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
$770,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,060,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$655,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $920k (Feb 2 2023)
Last sale anchor
$920k
Feb 2 2023
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
$183 / 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
$5,103
Tax year 2022
Assessed value
$90,600
Assessed 2023
Previous assessed
$70,380
+28.7% YoY
Effective rate
5.63%
On assessed value
Assessed land
$17,920
Assessed improvement
$72,680
Land market value
$89,600
Improvement market value
$363,400
Total market value
$453,000
Applied tax rate
30.0000
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
1960
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
6
Bathrooms
2
Total area
3,924 SF
Lot
0.29 ac (12,800 SF)
Zoning code
R6
APN
22-00-26-4-033-002.000
UPID
US03-0913236
Jurisdiction
JEFFERSON
Zoning & alternative use
R6 · Midfield, ALZoning R6 · permitted uses
R6 · Midfield, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$700,000
OFFICE BUILDING
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Five Trees Apartments LLC
Entity
Mailing address
25 TIMOTHY TRCE, ANNISTON, AL 36207-6361
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
$920,000
Five Trees Apartments LLC
Tonya Necole Sigers
Warranty Deed
—
Apr 15, 2016
—
Tonya N Sigers
—
Trustees Deed
related
$87,900 · Southpoint Bk
Feb 19, 2016
—
Tonya N Sigers
Sigers,patricia G
Quit Claim Deed
related
—
Feb 19, 2016
$595
Tonya N Sigers
Sigers,patricia G
Grant Deed
related
—
Jul 29, 2013
$17,000
Tonya N Sigers
Sigers,patricia G
Quit Claim Deed
related
—
Dec 8, 2010
—
Sigers,patricia G
Owner Name Unavailable
Grant Deed
related
—
Oct 31, 2006
$85,000
Sigers,tonya
Wheeler,m Wayne
Trustees Deed
—
Oct 15, 2003
—
Napoleon H Russ JR
Green,darryel
Grant 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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