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    For Sale (13)

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    Ono Island Building Lot
    $195,000
    0.44 Acres

    Ono Island Building Lot

    Residential lot with community amenities in Orange Beach, Alabama.

    Bayou Ct, Orange Beach, AL 36561
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    Ono Island Building Lot
    $319,000
    0.61 Acres

    Ono Island Building Lot

    Deeded boat slip, amenities, and Ono Island gated security.

    Harbour Dr, Orange Beach, AL 36561
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    Gulf Shores Residential Building Lots
    $220,000
    0.19 Acres

    Gulf Shores Residential Building Lots

    Residential lots near beaches, restaurants, and shopping in Gulf Shores.

    112 W 5Th Ave, Gulf Shores, AL 36542
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    Land on County Road 6
    $120,000
    11.00 Acres

    Land on County Road 6

    Land with convenient access to beaches, restaurants, boating, and shopping.

    38878 County Road 6, Gulf Shores, AL 36561
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    Luxury RV Lot in Foley
    $127,500

    Luxury RV Lot in Foley

    Turn-key RV lot with premium improvements in Bella Terra Resort.

    325 Portofino Loop, Foley, AL 36535
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    Ono Island Residential Home Site
    $184,650
    0.37 Acres

    Ono Island Residential Home Site

    Residential lot on Ono Island with access to resort-style amenities.

    Byu Ct Byu Ct, Orange Beach, AL 36561
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    Tensaw Riverfront Residential Lots
    $285,000
    3.80 Acres

    Tensaw Riverfront Residential Lots

    3.8-acre residential lot with 378 feet of river frontage.

    8 Marlin St, Stockton, AL 36579
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    Stockton Residential Lot Opportunity
    $80,000
    2.50 Acres

    Stockton Residential Lot Opportunity

    2.51 acre residential lot in growing Stockton, Alabama.

    12 Marlin St, Stockton, AL 36579
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    Stockton, AL Residential Lots
    $75,000
    2.08 Acres

    Stockton, AL Residential Lots

    2.08 acre residential lot in Tensaw Ridge Estates.

    14 Marlin St, Stockton, AL 36579
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    Stockton Residential Lots with River Access
    $109,000
    3.13 Acres

    Stockton Residential Lots with River Access

    2.97 acre residential lots with river access in Stockton, AL.

    4 Marlin St, Stockton, AL 36579
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    Residential Lot in Tensaw Ridge
    $55,000
    1.36 Acres

    Residential Lot in Tensaw Ridge

    Residential lot with river views and boating access.

    11 Marlin St, Stockton, AL 36579
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    Cleared Homesite with Road Frontage
    $99,500
    3.16 Acres

    Cleared Homesite with Road Frontage

    3.16 acre homesite ready for construction, near Mobile-Tensaw River Delta.

    11040 County Road 138, Bay Minette, AL 36507
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    Luxury RV Resort Lot
    $140,000

    Luxury RV Resort Lot

    Furnished RV lot in top-ranked resort with included golf cart.

    325 Portofino Loop, Foley, AL 36535
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    Goode Realty LLC
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Goode Realty LLC
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