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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Apartment buildings
1745 Ct St, Montgomery, AL 36104-5416
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0875065
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
6,731 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R-60-M
APN
10-04-19-2-005-007.000
UPID
US03-0875065
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
$1.04M
CAP Approach
CAP
$830k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Milton Mario Barbee L Lc · 4 yrs held
Milton Mario Barbee L Lc
since 2022
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
R-60-M · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$1,025,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,445,000
Current use
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.38M (Apr 20 2022)
Last sale anchor
$1.38M
Apr 20 2022
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
$152 / 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
$9,352
Tax year 2023
Assessed value
$190,040
Assessed 2023
Previous assessed
$190,040
+0.0% YoY
Effective rate
4.92%
On assessed value
Assessed land
$20,000
Assessed improvement
$170,040
Land market value
$100,000
Improvement market value
$850,200
Total market value
$950,200
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
2
Units
6
Rooms
30
Bathrooms
11
Total area
6,731 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R-60-M
APN
10-04-19-2-005-007.000
UPID
US03-0875065
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-60-M · Montgomery, AL
Zoning R-60-M · permitted uses
R-60-M · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
6
Rooms
30
Bathrooms
11
Lot
1.55 ac
Current owner
From public records · entity-resolved
Milton Mario Barbee L Lc
Individual
Free & Clear · 4 yrs held
Mailing address
323 NAVAJO DR, MONTGOMERY, AL 36117-4016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$1,375,000
Milton Mario Barbee L Lc
Kourtyardapartments LLC
Warranty Deed
—
Jul 30, 2015
$250,000
Xxx LLC
Servisfirst Bank
Warranty Deed
$500,000 · Servisfirst Bank
Nov 14, 2014
$434,200
Servisfirst Bk
Cohen,joel H|rmb Property Co LLC
Trustees Deed
related
—
Oct 21, 2009
—
Joel H Cohen
Rmb Property Co LLC
Warranty Deed
$98,000 · Rmb Property Co LLC
Jul 26, 2007
—
Rmb Property Co LLC
W K INC
Warranty Deed
$385,000 · Capitalsouth Bank
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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