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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Garden apartment buildings
344 20th NE Ave Center Point, AL 35215-4944
Entity Owned
8-yr Hold
Property ID
US03-0108712
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
13,668 SF
Lot
3.77 ac (164,352 SF)
Zoning code
R4
APN
12-00-18-4-001-031.000
UPID
US03-0108712
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Vantage Magnolia Trace LLC · 8 yrs held
Vantage Magnolia Trace LLC
since 2018
6 recorded transactions
Zoning & alternative use
R4 · Center Point, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 606. - R-4 Multifamily District (Apartments). Every building hereafter erected or moved shall be located on a lot, tract, or parcel, and in no case shall there be more than one principal residential building (and its accessory buildings) on any one lot, tract, or parcel, except as provided in
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
95.45 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 Center Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Center Point 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
$68 / 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
$16,868
Tax year 2022
Assessed value
$489,920
Assessed 2023
Previous assessed
$306,140
+60.0% YoY
Effective rate
3.44%
On assessed value
Assessed land
$59,625
Assessed improvement
$430,295
Land market value
$246,500
Improvement market value
$1,778,900
Total market value
$2,025,400
Applied tax rate
47.0000
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
1973
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
8
Bathrooms
63
Total area
13,668 SF
Lot
3.77 ac (164,352 SF)
Zoning code
R4
APN
12-00-18-4-001-031.000
UPID
US03-0108712
Jurisdiction
JEFFERSON
Zoning & alternative use
R4 · Center Point, ALZoning R4 · permitted uses
R4 · Center Point, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 606. - R-4 Multifamily District (Apartments). Every building hereafter erected or moved shall be located on a lot, tract, or parcel, and in no case shall there be more than one principal residential building (and its accessory buildings) on any one lot, tract, or parcel, except as provided in
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
95.45 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
63
Lot
3.77 ac
Current owner
From public records · entity-resolved
Vantage Magnolia Trace LLC
Entity
Mailing address
1145 HIGHTOWER TRL, ATLANTA, GA 30350-2981
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
—
33h Real Estate Income Fund Vi
—
Deed
related
$3,738,990 · Dlp Lending Fund
May 31, 2018
$2,100,000
Vantage Magnolia Trace LLC
Wny Magnolia Trace Apts Ll
Special Warranty Deed
$1,680,000 · Hunt Mortgage Partners
Sep 15, 2016
—
Wny-magnolia Trace Apts LLC
Vfc Properties 23 LLC
Grant Deed
$1,586,400 · Branch Bk&tr
Feb 26, 2013
$1,175,000
Vfc Properties 23 LLC
Vfc Partners 23 LLC|montevallo Trace LLC
Trustees Deed
related
—
Jul 25, 2007
$1,950,000
Magnolia Trace LLC
Owner Name Unavailable
Grant Deed
related
—
Mar 23, 1998
$1,500,000
Janice Windham
Windham,janice
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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