Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Apartment buildings
4724 Ct St Montgomery, AL 36105-3409
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0647049
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
7,150 SF
Lot
2.01 ac (87,556 SF)
Zoning code
R-60-A
APN
11-07-36-4-001-065.000
UPID
US03-0647049
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
-
South Court Place Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$880k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Cs Equity Partners LLC · 5 yrs held
Cs Equity Partners LLC
since 2020
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
R-60-A · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ses; and provided no structure, pen or corral housing animals be located closer than 200 ft. to any property line. "G" Any commercial or industrial use not specifically permitted. "H" Townhouses. R-60-s, R-60-d, R-60-m, R-60-a Item Districts R-60-s R-60-d R-60-m R-60-a Classes of structures or uses permitted A A & B A, B, C, D & H A, B, C, D & H Classes of s…
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
133.77 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$2.0M
+33.2%
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
$1,510,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Current use
RESTAURANT
$2,040,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.48M (Dec 15 2020)
Last sale anchor
$1.48M
Dec 15 2020
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
$202 / 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
$15,853
Tax year 2023
Assessed value
$297,120
Assessed 2023
Previous assessed
$297,120
+0.0% YoY
Effective rate
5.34%
On assessed value
Assessed land
$14,000
Assessed improvement
$283,120
Land market value
$70,000
Improvement market value
$1,415,600
Total market value
$1,485,600
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
1965
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
2
Units
8
Rooms
32
Bathrooms
1
Total area
7,150 SF
Lot
2.01 ac (87,556 SF)
Zoning code
R-60-A
APN
11-07-36-4-001-065.000
UPID
US03-0647049
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-60-A · Montgomery, ALZoning R-60-A · permitted uses
R-60-A · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ses; and provided no structure, pen or corral housing animals be located closer than 200 ft. to any property line. "G" Any commercial or industrial use not specifically permitted. "H" Townhouses. R-60-s, R-60-d, R-60-m, R-60-a Item Districts R-60-s R-60-d R-60-m R-60-a Classes of structures or uses permitted A A & B A, B, C, D & H A, B, C, D & H Classes of structures or uses permitted on appeal B & F C & F E & F E & F Classes of structures or
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
133.77 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
8
Rooms
32
Bathrooms
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Cs Equity Partners LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4518 VALLEYDALE RD STE #101, HOOVER, AL 35242-4632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
$1,475,000
Cs Equity Partners LLC
Reet Realty LLC
Warranty Deed
—
Jun 16, 2017
$191,500
Reet Realty LLC
Reeder Realty LLC
Grant Deed
—
Feb 1, 2006
—
Reeder Realty LLC
Baker,john M & Regina H
Warranty Deed
$900,000 · Bond Street Capital Corp
—
—
Reet Realty LLC
—
Deed Of Trust
related
$764,400 · Usameribank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4724 Ct St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
