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Property profile & analytics
OFF-MARKET
Estimated value
$5,030,000
Apartment buildings
2420 Chase Park Dr Montgomery, AL 36110-3051
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0379117
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
1,910 SF
Lot
11.09 ac (483,080 SF)
Zoning code
R-65-M
APN
04-08-28-2-000-003.001
UPID
US03-0379117
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
$5.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.03M
Owner & transaction history
Dk Chase Park LLC · 1 yrs held
Dk Chase Park LLC
since 2024
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
R-65-M · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
der houses; and provided no structure, pen or corral housing animals be located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. "H" Townhouses. R-65-s, R-65-d, R-65-m Item Districts R-65-s R-65-d R-65-m Classes of structures or uses permitted A A & B A, B, C, D & H Classes of structures or uses perm…
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
1,124.33 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
Method
Estimation
Statistic approach
$5,030,000
ML approach
$5,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.03M
Range $4.53M – $5.53M · ±10% · vs last sale $5.03M (Dec 6 2024)
Last sale anchor
$5.03M
Dec 6 2024
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
$2,634 / 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
$42,832
Tax year 2023
Assessed value
$1,132,220
Assessed 2023
Previous assessed
$1,132,220
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$66,540
Assessed improvement
$1,065,680
Land market value
$332,700
Improvement market value
$5,328,400
Total market value
$5,661,100
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
2004
Heating
FORCED AIR
Cooling
YES
Buildings
12
Stories
1
Units
104
Rooms
360
Bathrooms
81
Total area
1,910 SF
Lot
11.09 ac (483,080 SF)
Zoning code
R-65-M
APN
04-08-28-2-000-003.001
UPID
US03-0379117
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-65-M · Montgomery, ALZoning R-65-M · permitted uses
R-65-M · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
der houses; and provided no structure, pen or corral housing animals be located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. "H" Townhouses. R-65-s, R-65-d, R-65-m Item Districts R-65-s R-65-d R-65-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
1,124.33 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
12
Units
104
Rooms
360
Bathrooms
81
Lot
11.09 ac
Current owner
From public records · entity-resolved
Dk Chase Park LLC
Entity
Mailing address
17500 STATE HWY 180, GULF SHORES, AL 36542-4018
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$7,000,000
Dk Chase Park LLC
Chase Park Alabama LLC
Warranty Deed
related
$5,175,000 · Cbre Capital Markets INC
Oct 18, 2021
$5,028,700
Chase Park Alabama LLC
Air Multifamily Group LLC
Warranty Deed
—
Apr 1, 2021
—
Air Multifamily Group LLC
—
Deed
related
$3,000,000 · South State Bank National Association
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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