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Property profile & analytics
OFF-MARKET
Estimated value
$7,115,000
Office buildings
4344 Carmichael Rd Montgomery, AL 36106-3731
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0288426
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,860 SF
Lot
4.09 ac (178,378 SF)
Zoning code
O-1
APN
10-06-23-1-000-023.000
UPID
US03-0288426
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
$9.06M
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$7.12M
Owner & transaction history
Opi Apl Properties LLC · 1 yrs held
Opi Apl Properties LLC
since 2024
3 recorded transactions
Zoning & alternative use
O-1 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.7M
+213.5%
Medical building
$6.8M
+99.8%
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%
$9,810,000
6.5%
$9,060,000
7%
$8,410,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,690,000
Change: +213% · Conversion: Easy
MEDICAL BUILDING
$6,815,000
Change: +100% · Conversion: Easy
Blend value · Realmo final
$7.12M
Range $6.40M – $7.83M · ±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
$143 / 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
$81,646
Tax year 2023
Assessed value
$2,005,600
Assessed 2023
Previous assessed
$2,005,600
+0.0% YoY
Effective rate
4.07%
On assessed value
Assessed land
$178,420
Assessed improvement
$1,827,180
Land market value
$892,100
Improvement market value
$9,135,900
Total market value
$10,028,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
136
Bathrooms
1
Total area
49,860 SF
Lot
4.09 ac (178,378 SF)
Zoning code
O-1
APN
10-06-23-1-000-023.000
UPID
US03-0288426
Jurisdiction
MONTGOMERY
Zoning & alternative use
O-1 · Montgomery, AL
Zoning O-1 · permitted uses
O-1 · 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)
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
136
Bathrooms
1
Lot
4.09 ac
Current owner
From public records · entity-resolved
Opi Apl Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
255 WASHINGTON ST STE #270, NEWTON, MA 02458-1634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 23, 2024
—
Opi Apl Properties LLC
Gpt Properties Trust
Warranty Deed
—
Dec 20, 2013
$16,025,000
Gpt Properties Trust
Em Montgomery Owner LLC
Grant Deed
—
Dec 29, 2010
$15,000,000
Em Montgomery Owner LLC
Mht LLC
Warranty Deed
$7,575,000 · Jpmorgan Chase Bank NA
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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