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Property profile & analytics
OFF-MARKET
Garden apartment buildings
407 Fairfax Dr, Fairfield, AL 35064-1010
Entity Owned
1-yr Hold
Property ID
US03-1027971
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1977
Total area
10,270 SF
Lot
3.45 ac (150,151 SF)
Zoning code
R4
APN
30-00-23-2-001-072.002
UPID
US03-1027971
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
-
Glenfair Apartments 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
407 Fairfax Townhomes LLC · 1 yrs held
407 Fairfax Townhomes LLC
since 2025
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
R4 · Fairfield, 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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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 2022Property tax & assessments
Tax year 2022
Tax billed
$25,622
Tax year 2022
Assessed value
$467,440
Assessed 2023
Previous assessed
$343,920
+35.9% YoY
Effective rate
5.48%
On assessed value
Assessed land
$25,520
Assessed improvement
$441,920
Land market value
$127,600
Improvement market value
$2,209,600
Total market value
$2,337,200
Applied tax rate
55.0000
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
1977
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
10
Bathrooms
25
Total area
10,270 SF
Lot
3.45 ac (150,151 SF)
Zoning code
R4
APN
30-00-23-2-001-072.002
UPID
US03-1027971
Jurisdiction
JEFFERSON
Zoning & alternative use
R4 · Fairfield, AL
Zoning R4 · permitted uses
R4 · Fairfield, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
25
Lot
3.45 ac
Current owner
From public records · entity-resolved
407 Fairfax Townhomes LLC
Entity
Mailing address
3409 SPRINGHILL RD, MOUNTAIN BRK, AL 35223-2010
Ownership since
2025
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
Jun 12, 2025
$2,457,000
407 Fairfax Townhomes LLC
Rcr Holdings LLC
Warranty Deed
$1,955,000 · Clearpath Federal Credit Union
Jun 28, 2024
—
Rcr Holdings LLC
—
Deed
related
$106,185 · First Horizon
Apr 11, 2023
—
Rcr Holdings LLC
—
Deed
related
$200,000 · First Horizon
Apr 13, 2021
—
Rcr Holdings LLC
—
Deed
related
$1,275,000 · Iberiabank
Aug 13, 2020
$1,694,000
Rcr Holdings LLC
Cocodrie Partner LLC
Deed
$1,270,500 · Servisfirst Bank
May 30, 2013
$1,250,000
Cocodrie Partners LLC
Westlee Park Partners LLC
Warranty Deed
$1,015,000 · First Partners Bk
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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