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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Apartment buildings
6121 Boardwalk Blvd, Montgomery, AL 36117-5318
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US03-0318674
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
FRAME
Total area
6,024 SF
Lot
17.3 ac (753,588 SF)
Zoning code
R-75-M
APN
09-03-07-1-005-003.003
UPID
US03-0318674
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
-
Park Place Apartments Apartment Building
-
Reserve at Boardwalk Apartment Building Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Broadwalk Park Place Holdings LLC · 5 yrs held
Broadwalk Park Place Holdings LLC
since 2021
Last sale
$15,000
7 recorded transactions
Zoning & alternative use
R-75-M · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$805,000
6.5%
$740,000
7%
$690,000
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $15k (Jun 2 2021)
Last sale anchor
$15k
Jun 2 2021
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
$92 / 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
$165,475
Tax year 2023
Assessed value
$2,158,860
Assessed 2023
Previous assessed
$2,158,860
+0.0% YoY
Effective rate
7.66%
On assessed value
Assessed land
$207,600
Assessed improvement
$1,951,260
Land market value
$1,038,000
Improvement market value
$9,756,300
Total market value
$10,794,300
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
21
Stories
2
Units
8
Rooms
24
Bathrooms
49
Total area
6,024 SF
Lot
17.3 ac (753,588 SF)
Zoning code
R-75-M
APN
09-03-07-1-005-003.003
UPID
US03-0318674
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-75-M · Montgomery, AL
Zoning R-75-M · permitted uses
R-75-M · 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.
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
21
Units
8
Rooms
24
Bathrooms
49
Lot
17.3 ac
Current owner
From public records · entity-resolved
Broadwalk Park Place Holdings LLC
Entity
Mailing address
15 CIDER ML CT, MONTVALE, NJ 07645-1000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$15,000
Broadwalk Park Place Holdings LLC
Cityr Gpoup Park Place LLC
Warranty Deed
$14,750,000 · Bds IV Mortgage Capital G LLC
Feb 13, 2014
$10,750,000
Cityr Group Park Place LLC
North Sixth Ilk LLC
Warranty Deed
$8,858,000 · Berkadia Commercial Mortgage LLC
Jul 20, 2012
$8,900,000
North Sixth Ilk LLC
Arbor Park Place LLC
Warranty Deed
—
Jul 20, 2012
$6,800,000
Arbor Park Place LLC
Federal Natl Mtg Assn Fnma
Warranty Deed
—
Jun 22, 2012
$12,781,147
Federal Natl Mtg Assn Fnma
Holmes,crystal H
Trustees Deed
related
—
Aug 22, 2006
—
Eden East Realty Lllp
Eden East Realty Trust
Quit Claim Deed
related
$4,750,000 · Citrus Bank
—
—
Eden East Realty Lllp
—
Deed Of Trust
related
$8,500,000 · Comerica Bank
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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