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    Property profile & analytics

    5600 Carmichael Rd Montgomery, AL 36117-1809

    • Apartment buildings
    • 6,183 SF
    • 26.59 lot acres
    OFF-MARKET
    Value Estimation
    $32,745,000
    Last Sale
    May 17, 2022
    $39,312,000
    Location Intelligence
    Property ID
    US03-0291199
    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

    • Why you riding dirty car wash / Car Wash
    • DLSC Partnerships & Investments, Inc. / Business Networking Company
    • DripDrop Photography / Photography Service
    • Arden Pointe Apartments / Apartment Complex / Apartment Building

    Property Details for 5600 Carmichael Rd

    Year built
    1974
    Lot size
    26.59 lot acres
    Property size
    6,183 SF
    Zone code
    R-65-M
    Property type
    Apartment buildings
    APN
    10-06-24-1-002-002.000
    APU
    1006241002002000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $29,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $38,920,000
      6.5%
      $42,145,000
      7%
      $38,545,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $45,325,000
      Geo Method
      $38,680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $43,990,000
      Retail
      $40,970,000
      Mixed-Use
      $39,630,000
      Hospitality
      $44,925,000
      Educational
      $35,695,000
      Residential Income
      $33,700,000
      Energy
      $33,990,000
      Income-Based Land
      $33,965,000
      Food Service
      $41,500,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2123
    Latitude
    32.358
    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
    $381,612
    $186,140
    $3,687,240
    $3,873,380
    -
    $930,700
    $18,436,200
    $19,366,900

    Comparable in this City

    • Value Estimation by Request
      5,118 SF

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      8850 Crosswind Cir, Montgomery, AL 36117-8101
      View Details
    • Value Estimation
      $11,715,000
      3,320 SF

      5701 Shirley Ln

      APARTMENT HOUSE (5+ UNITS) • 3,320 SF
      5701 Shirley Ln, Montgomery, AL 36117-1951
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    • Value Estimation by Request
      4,142 SF

      8462 Eastchase Pkwy

      APARTMENT HOUSE (5+ UNITS) • 4,142 SF
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    • Value Estimation by Request
      8,924 SF

      6981 Peppertree Ln

      APARTMENT HOUSE (5+ UNITS) • 8,924 SF
      6981 Peppertree Ln, Montgomery, AL 36117-7464
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    • Value Estimation by Request
      3,136 SF

      6912 Peppertree Ln

      APARTMENT HOUSE (5+ UNITS) • 3,136 SF
      6912 Peppertree Ln, Montgomery, AL 36117-7446
      View Details
    • Value Estimation
      $15,855,000
      10,584 SF

      5724 Arbor Sta Rd

      APARTMENT HOUSE (5+ UNITS) • 10,584 SF
      5724 Arbor Sta Rd, Montgomery, AL 36117-8306
      View Details

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    Similar Nearby for Lease

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      Commercial Pad Site For Lease

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    • $12 SF/Yr
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      High-traffic retail center, spaces available
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      Prime Retail Strip Center, High Traffic Area
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    • $13 SF/Yr
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      Woodmere Office Center: Montgomery, AL

      Executive Suites, Montgomery, Alabama
      5950 Carmichael Pl, Montgomery, AL 36117
      View Details
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    5600 Carmichael Rd
    Montgomery, AL 36117-1809
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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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