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Property profile & analytics
OFF-MARKET
Estimated value
$12,725,000
Garden apartment buildings
344 Montgomery St Montgomery, AL 36104-3458
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0389805
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1927
Total area
98,563 SF
Lot
1.2 ac (52,272 SF)
Zoning code
T5
APN
11-01-12-4-015-006.000
UPID
US03-0389805
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
-
King Williams Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.73M
Owner & transaction history
Gchp-jefferson Davis LLC · 9 yrs held
Gchp-jefferson Davis LLC
since 2016
5 recorded transactions
Zoning & alternative use
T5 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,135,000
6.5%
$12,125,000
7%
$11,260,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$21,135,000
Current use
Blend value · Realmo final
$12.73M
Range $11.45M – $14.00M · ±10%
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
$129 / 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
$21,236
Tax year 2023
Assessed value
$1,676,000
Assessed 2023
Previous assessed
$1,676,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$125,460
Assessed improvement
$1,550,540
Land market value
$627,300
Improvement market value
$7,752,700
Total market value
$8,380,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1927
Heating
FORCED AIR
Cooling
YES
Stories
12
Bathrooms
201
Total area
98,563 SF
Lot
1.2 ac (52,272 SF)
Zoning code
T5
APN
11-01-12-4-015-006.000
UPID
US03-0389805
Jurisdiction
MONTGOMERY
Zoning & alternative use
T5 · Montgomery, AL
Zoning T5 · permitted uses
T5 · 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
$21.1M
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
1927
Heating
FORCED AIR
Cooling
Yes
Stories
12
Bathrooms
201
Lot
1.2 ac
Current owner
From public records · entity-resolved
Gchp-jefferson Davis LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1610 ORETHA CASTLE HALEY BLVD APT A, NEW ORLEANS, LA 70113-1385
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jan 22, 2018
—
Gchp-jefferson Davis LLC
—
Deed
related
—
Sep 15, 2017
—
Gchp-jefferson Davis LLC
—
Deed
related
$500,000 · Gulf Coast Housing Ptshp INC
Jul 25, 2016
$5,300,000
Gchp-jefferson Davis LLC
Jefferson Davis Ltd
Warranty Deed
—
—
—
Gchp-jefferson Davis LLC
—
Deed Of Trust
related
$500,000 · Gulf Coast Housing Ptshp INC
—
—
Gchp-jefferson Davis LLC
—
Loan Modification
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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