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    Property profile & analytics

    4132 Carmichael Rd Montgomery, AL 36106-2863

    • Apartment buildings
    • 8,697 SF
    • 21.84 lot acres
    OFF-MARKET
    Value Estimation
    $14,785,000
    Last Sale
    Nov 09, 2023
    $15,250,000
    Location Intelligence
    Property ID
    US03-0304043
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bristol Downs Apartment Homes / Apartment Complex
    • Triplytics / Travel Agency

    Property Details for 4132 Carmichael Rd

    Year built
    1975
    Construction
    FRAME
    Lot size
    21.84 lot acres
    Property size
    8,697 SF
    Zone code
    R-20-T
    Property type
    Apartment buildings
    APN
    10-06-23-2-003-001.001
    APU
    1006232003001001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $15,775,000
      6.5%
      $15,000,000
      7%
      $14,990,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,725,000
      Geo Method
      $15,580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,690,000
      Retail
      $17,035,000
      Mixed-Use
      $15,680,000
      Hospitality
      $13,680,000
      Educational
      $16,650,000
      Residential Income
      $14,020,000
      Energy
      $16,590,000
      Income-Based Land
      $14,750,000
      Food Service
      $15,290,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2371
    Latitude
    32.3559
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $106,240
    $218,400
    $2,348,940
    $2,567,340
    -
    $1,092,000
    $11,744,700
    $12,836,700

    Comparable in this City

    • Value Estimation
      $275,000
      4,578 SF

      2353 College St

      APARTMENT HOUSE (5+ UNITS) • 4,578 SF
      2353 College St, Montgomery, AL 36106-2006
      View Details
    • Value Estimation by Request
      4,836 SF

      2000 Central Pkwy

      APARTMENT HOUSE (5+ UNITS) • 4,836 SF
      2000 Central Pkwy, Montgomery, AL 36106-3248
      View Details
    • Value Estimation
      $3,685,000
      12,563 SF

      1615 Fairview Ave

      APARTMENT HOUSE (5+ UNITS) • 12,563 SF
      1615 Fairview Ave, Montgomery, AL 36106-2198
      View Details
    • Value Estimation
      $235,000
      4,724 SF

      3021 Cloverdale Rd

      APARTMENT HOUSE (5+ UNITS) • 4,724 SF
      3021 Cloverdale Rd, Montgomery, AL 36106-2462
      View Details
    • Value Estimation
      $460,000
      7,447 SF

      3206 Wellington Rd

      APARTMENT HOUSE (5+ UNITS) • 7,447 SF
      3206 Wellington Rd, Montgomery, AL 36106-2352
      View Details
    • Value Estimation by Request
      2,604 SF

      1732 Westhaven Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,604 SF
      1732 Westhaven Ln, Montgomery, AL 36106-1207
      View Details

    Similar Nearby for Sale

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      Multi-family lot in Cloverdale, allows up to 24 units.
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      Prime Commercial Lots, Excellent Visibility
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    • $147,000
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      Midtown Montgomery Office Space

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    Similar Nearby for Lease

    • Contact for pricing
      1,364 SF

      Executive Office Suite in Montgomery

      1364 sq ft, Single Tenant, Class B Office
      4216 Carmichael Ct, Montgomery, AL 36106
      View Details
    • $10 SF/Yr
      12,480 SF

      I-85 Parkway Executive Suites

      Montgomery, AL Office Space Available
      1401 Parkway Loop, Montgomery, AL 36106
      View Details
    • $9 SF/Yr
      5,400 SF

      Walnut Street Retail Center

      Prime Montgomery Retail Space, 3 Suites
      1967 Walnut St, Montgomery, AL 36106
      View Details
    • Contact for pricing

      Retail Space Near Alabama State

      Retail space with high visibility near Alabama State University.
      1740 Carter Hill Rd, Montgomery, AL 36106
      View Details
    • $12 SF/Yr
      7,606 SF

      Executive Office Space Available

      Single-tenant office, 7,164 sq ft.
      4138 Carmichael Rd, Montgomery, AL 36106
      View Details
    • Contact for pricing
      16,853 SF

      Carmichael Place: Office & Retail Space

      Prime I-85 location; flexible office/retail suites.
      4834 Woods Crossing Dr, Montgomery, AL 36106
      View Details
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    4132 Carmichael Rd
    Montgomery, AL 36106-2863
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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