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Property profile & analytics
OFF-MARKET
Apartment buildings
5600 Carmichael Rd Montgomery, AL 36117-1809
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0291199
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
6,183 SF
Lot
26.59 ac (1,158,260 SF)
Zoning code
R-65-M
APN
10-06-24-1-002-002.000
UPID
US03-0291199
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
-
Why you riding dirty car wash Car Wash
-
DLSC Partnerships & Investments, Inc. Business Networking Company
-
DripDrop Photography Photography Service (Bike/Boat/Book/etc) Store
-
Arden Pointe Apartments Apartment Complex Apartment Building
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
Arden Point Holdings LLC · 4 yrs held
Arden Point Holdings LLC
since 2022
Last sale
$39.3M
7 recorded transactions
Zoning & alternative use
R-65-M · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
der houses; and provided no structure, pen or corral housing animals be located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. "H" Townhouses. R-65-s, R-65-d, R-65-m Item Districts R-65-s R-65-d R-65-m Classes of structures or uses permitted A A & B A, B, C, D & H Classes of structures or uses perm…
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
1,124.33 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
$381,612
Tax year 2023
Assessed value
$3,873,380
Assessed 2023
Previous assessed
$3,873,380
+0.0% YoY
Effective rate
9.85%
On assessed value
Assessed land
$186,140
Assessed improvement
$3,687,240
Land market value
$930,700
Improvement market value
$18,436,200
Total market value
$19,366,900
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
1974
Heating
FORCED AIR
Cooling
YES
Buildings
27
Stories
1
Units
113
Rooms
1794
Bathrooms
145
Total area
6,183 SF
Lot
26.59 ac (1,158,260 SF)
Zoning code
R-65-M
APN
10-06-24-1-002-002.000
UPID
US03-0291199
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-65-M · Montgomery, ALZoning R-65-M · permitted uses
R-65-M · Montgomery, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
der houses; and provided no structure, pen or corral housing animals be located closer than 200 feet to any property line. "G" Any commercial or industrial use not specifically permitted. "H" Townhouses. R-65-s, R-65-d, R-65-m Item Districts R-65-s R-65-d R-65-m Classes of structures or uses permitted A A & B A, B, C, D & H Classes of structures or uses permitted on appeal F F F Classes of structures or uses restricted B, C, D, E, G & H C, D,
Zone name
Residence Zone
General category
RESIDENTIAL
Zone area
1,124.33 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
27
Units
113
Rooms
1794
Bathrooms
145
Lot
26.59 ac
Current owner
From public records · entity-resolved
Arden Point Holdings LLC
Entity
Mailing address
198 CENTRAL AVE STE 2A, EAST ORANGE, NJ 07018-3389
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$39,312,000
Arden Point Holdings LLC
5600 Carmichael Road Associates LLC
Warranty Deed
—
Dec 30, 2020
—
5600 Carmichael Road Assocs Ll
Crossings Property Owner LLC
Quit Claim Deed
related
—
Dec 30, 2020
$23,500,000
5600 Carmichael Road Assocs Ll
Crossings Property Owner LLC
Grant Deed
$16,750,000 · Emg Transfer Agent LLC
Aug 1, 2019
—
Cpif Wtb LLC
Cpif Lndg LLC
Quit Claim Deed
related
—
Apr 13, 2018
$500,000
Crossings Property Owner LLC
Arbor Coml Mtg LLC
Warranty Deed
—
Apr 13, 2018
—
Crossings Property Owner LLC
Arbor Coml Mtg LLC
Quit Claim Deed
related
$16,800,000 · Pw Carmichael LLC
Mar 13, 2014
$19,839,000
Arbor Coml Mtg LLC
Montgomery Property LLC
Grant Deed
$5,100,000 · Arbor Realty SR
Feb 13, 2009
—
Mgm Apartments LLC
Vintage Pointe Apartments LLC
Warranty Deed
related
—
Jan 31, 2004
—
Vintage Pointe Apts LLC
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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