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Property profile & analytics
OFF-MARKET
Apartment buildings
2000 Central Pkwy Montgomery, AL 36106-3248
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0228510
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
FRAME
Total area
4,836 SF
Lot
16.25 ac (707,850 SF)
Zoning code
R-75-M
APN
10-06-23-1-000-003.001
UPID
US03-0228510
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
-
Carrington Park Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dlh Carrington Park LLC · 9 yrs held
Dlh Carrington Park LLC
since 2017
5 recorded transactions
Zoning & alternative use
R-75-M · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
of chicken brooder houses, and provided no structure, pen or corral housing animals is located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. R-75-s, R-75-d, R-75-m Item Districts R-75-s R-75-d R-75-m Classes of structures or uses permitted A A & B A, B, C, D & H Classes of structures or uses permi…
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
714.38 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$355,612
Tax year 2023
Assessed value
$6,471,020
Assessed 2023
Previous assessed
$6,471,020
+0.0% YoY
Effective rate
5.50%
On assessed value
Assessed land
$260,000
Assessed improvement
$6,211,020
Land market value
$1,300,000
Improvement market value
$31,055,100
Total market value
$32,355,100
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
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
24
Stories
1
Units
106
Bathrooms
153
Total area
4,836 SF
Lot
16.25 ac (707,850 SF)
Zoning code
R-75-M
APN
10-06-23-1-000-003.001
UPID
US03-0228510
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-75-M · Montgomery, ALZoning R-75-M · permitted uses
R-75-M · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
of chicken brooder houses, and provided no structure, pen or corral housing animals is located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. R-75-s, R-75-d, R-75-m Item Districts R-75-s R-75-d R-75-m Classes of structures or uses permitted A A & B A, B, C, D & H Classes of structures or uses permitted on appeal F F F Classes of structures or uses restricted B, C, D, E, G & H C, D,
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
714.38 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
24
Units
106
Bathrooms
153
Lot
16.25 ac
Current owner
From public records · entity-resolved
Dlh Carrington Park LLC
Entity
Mailing address
41 CHURCH ST, CORTLAND, NY 13045-3687
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 14, 2020
—
Dlh Carrington Park LLC
—
Deed
related
$17,940,200 · Orix R/e Cap
Apr 26, 2017
$29,200,000
Dlh Carrington Park LLC
Passco Carrington Park Dst
Warranty Deed
—
May 18, 2010
$10,660,000
Montgomery Partners LLC
Passco Carrington Park Dst
Warranty Deed
—
—
—
Passco Carrington Park Dst
—
Deed Of Trust
related
$12,100,000 · Wells Fargo Bank
—
—
Dlh Carrington Park LLC
—
Loan Modification
related
$17,940,200 · Orix R/e Cap
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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