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Property profile & analytics
OFF-MARKET
Apartment buildings
4132 Carmichael Rd Montgomery, AL 36106-2863
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0304043
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
FRAME
Total area
8,697 SF
Lot
21.84 ac (951,350 SF)
Zoning code
R-20-T
APN
10-06-23-2-003-001.001
UPID
US03-0304043
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
-
Bristol Downs Apartment Homes Apartment Complex
-
Triplytics Travel Agency
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
Bristol Downs LLC · 2 yrs held
Bristol Downs LLC
since 2023
Last sale
$15.3M
3 recorded transactions
Zoning & alternative use
R-20-T · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
*In no case shall a mobile dwelling be placed on a lot less than three times the area of the mobile dwelling. **This requirement applies only to subdivisions with a total area greater than five acres. Townhouse R-24-t, R-20-t Item Districts R-24-t R-20-t Classes of structures or uses permitted A & B A & B Classes of structures or uses permitted on appeal C,…
Zone name
Residence Zone Townhouse
General category
RESIDENTIAL
Zone area
440.30 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$106,240
Tax year 2023
Assessed value
$2,567,340
Assessed 2023
Previous assessed
$2,567,340
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$218,400
Assessed improvement
$2,348,940
Land market value
$1,092,000
Improvement market value
$11,744,700
Total market value
$12,836,700
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
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
43
Stories
2
Units
10
Rooms
36
Bathrooms
32
Total area
8,697 SF
Lot
21.84 ac (951,350 SF)
Zoning code
R-20-T
APN
10-06-23-2-003-001.001
UPID
US03-0304043
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-20-T · Montgomery, ALZoning R-20-T · permitted uses
R-20-T · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
*In no case shall a mobile dwelling be placed on a lot less than three times the area of the mobile dwelling. **This requirement applies only to subdivisions with a total area greater than five acres. Townhouse R-24-t, R-20-t Item Districts R-24-t R-20-t Classes of structures or uses permitted A & B A & B Classes of structures or uses permitted on appeal C, D, E & F C, D, E & F Classes of structures or uses restricted G G Required lot area,
Zone name
Residence Zone Townhouse
General category
RESIDENTIAL
Zone area
440.30 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
43
Units
10
Rooms
36
Bathrooms
32
Lot
21.84 ac
Current owner
From public records · entity-resolved
Bristol Downs LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4706 18TH AVE, BROOKLYN, NY 11204-1356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Nov 9, 2023
$15,250,000
Bristol Downs LLC
Bristool Down Sllc
Warranty Deed
—
Sep 28, 2005
—
Bristol Downs LLC
Owner Name Unavailable
Grant Deed
related
—
Jun 9, 2004
—
Owner Name Unavailable
Owner Name Unavailable
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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