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    Property profile & analytics

    6031 Monticello Dr Montgomery, AL 36117-1970

    • Apartment buildings
    • 2,453 SF
    • 7.22 lot acres
    OFF-MARKET
    Value Estimation
    $6,820,000
    Last Sale
    Jul 13, 2022
    $8,200,000
    Location Intelligence
    Property ID
    US03-0330161
    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

    • Apartment buildings

    Property Details for 6031 Monticello Dr

    Year built
    1972
    Construction
    FRAME
    Lot size
    7.22 lot acres
    Property size
    2,453 SF
    Zone code
    AGR-1
    Property type
    Apartment buildings
    APN
    09-04-18-3-001-005.000
    APU
    904183001005000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,125,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,990,000
      6.5%
      $8,415,000
      7%
      $8,045,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,025,000
      Geo Method
      $7,750,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,360,000
      Retail
      $9,610,000
      Mixed-Use
      $8,055,000
      Hospitality
      $10,160,000
      Educational
      $8,730,000
      Residential Income
      $9,460,000
      Energy
      $8,065,000
      Income-Based Land
      $8,990,000
      Food Service
      $9,295,000

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2021
    Latitude
    32.3664
    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
    $84,483
    $57,760
    $1,004,420
    $1,062,180
    -
    $288,800
    $5,022,100
    $5,310,900

    Comparable in this City

    • Value Estimation by Request
      2,762 SF

      5801 Shirley Ln

      APARTMENT HOUSE (5+ UNITS) • 2,762 SF
      5801 Shirley Ln, Montgomery, AL 36117-1900
      View Details
    • Value Estimation by Request
      15,465 SF

      2269 Eastern Blvd

      APARTMENT HOUSE (5+ UNITS) • 15,465 SF
      2269 Eastern Blvd, Montgomery, AL 36117-1551
      View Details
    • Value Estimation
      $32,745,000
      6,183 SF

      5600 Carmichael Rd

      APARTMENT HOUSE (5+ UNITS) • 6,183 SF
      5600 Carmichael Rd, Montgomery, AL 36117-1809
      View Details
    • Value Estimation by Request
      5,118 SF

      8850 Crosswind Cir

      APARTMENT HOUSE (5+ UNITS) • 5,118 SF
      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
      View Details
    • Value Estimation
      $10,920,000
      1,405 SF

      425 Burbank Dr

      APARTMENT HOUSE (5+ UNITS) • 1,405 SF
      425 Burbank Dr, Montgomery, AL 36117-3166
      View Details

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    Montgomery, AL 36117-1970
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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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