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    Waterfront Land on Blackwater River
    $149,900
    0.75 Acres

    Waterfront Land on Blackwater River

    Two wooded lots with 140' Blackwater River frontage.

    17949 Kingway Rd, Seminole, AL 36574
    View details
    Land with Development Potential
    $1,476,200
    2.70 Acres

    Land with Development Potential

    2.7 acres in Foley, AL, with commercial zoning potential.

    8086 State Highway 59, Foley, AL 36535
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    Highway 59 Land Opportunity
    $1,400,000
    2.41 Acres

    Highway 59 Land Opportunity

    2.41 acres on Highway 59 with residential zoning.

    8100 State Highway 59 S, Foley, AL 36535
    View details
    Commercial Lot in Downtown
    $165,000
    0.37 Acres

    Commercial Lot in Downtown

    Commercial lot in a thriving Gulf Shores location.

    16th E A Ave, Gulf Shores, AL 36542
    View details
    RV Lot in Gulf Shores
    $95,000
    0.05 Acres

    RV Lot in Gulf Shores

    Deeded RV lot in a resort-style community near beaches.

    195558 County Road 8, Gulf Shores, AL 36542
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    Lowndesboro Land Near Alabama River
    $45,000
    3.00 Acres

    Lowndesboro Land Near Alabama River

    3-acre lot near Alabama River with potential for recreation.

    Heron Pt Dr, Lowndesboro, AL 36752
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    Wooded Lot Near Perdido Bay
    $99,900
    0.34 Acres

    Wooded Lot Near Perdido Bay

    Wooded lot with water access and community amenities.

    Cypress St, Perdido Beach, AL 36530
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    Residential Lots in Gulf Shores
    $199,000

    Residential Lots in Gulf Shores

    Residential lots with deeded beach access and no HOA.

    Zeanah Rd, Gulf Shores, AL 36542
    View details
    RV Lot with Pole Barn
    $125,000

    RV Lot with Pole Barn

    Cozy RV lot with camper, pole barn, and dock.

    6932 Henderson Rd, Lowndesboro, AL 36752
    View details
    Residential Lot in Surfside Shores
    $242,000
    0.45 Acres

    Residential Lot in Surfside Shores

    Residential lot in Gulf Shores with private beach access.

    Gulf View Dr, Gulf Shores, AL 36542
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    Residential Lot with Golf Course View
    $315,000
    0.55 Acres

    Residential Lot with Golf Course View

    Residential lot with golf course and lake views in Loxley.

    E Water View Dr, Loxley, AL 36551
    View details
    Waterfront Lot with Boat Ramp
    $259,900
    0.16 Acres

    Waterfront Lot with Boat Ramp

    Vacant waterfront lot, perfect to build, short distance to beaches.

    144 W 5Th Ave, Gulf Shores, AL 36542
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    5 Acre Land in Perdido
    $110,000
    5.00 Acres

    5 Acre Land in Perdido

    5 acres with road frontage near schools and shopping.

    County Road 47, Perdido, AL 36562
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    2.7 Acres with Development Potential
    $1,476,200

    2.7 Acres with Development Potential

    2.7 acres zoned Single Family, potential for commercial conversion.

    8086 State Highway 59, Foley, AL 36535
    View details
    Waterfront Lot with Boat Ramp
    $259,900

    Waterfront Lot with Boat Ramp

    Vacant waterfront lot with boat ramp, ideal for building.

    144 W 5Th Ave, Gulf Shores, AL 36542
    View details
    Prime Elberta Multi-Use Property
    $699,000

    Prime Elberta Multi-Use Property

    4-acre commercial land with highway frontage in Elberta, Alabama.

    25550 Us Highway 98, Elberta, AL 36530
    View details
    Deeded RV Lot in Gulf Shores
    $95,000

    Deeded RV Lot in Gulf Shores

    RV lot in resort community near Gulf Coast beaches.

    195558 County Road 8, Gulf Shores, AL 36542
    View details
    Commercial Lot in Downtown
    $165,000

    Commercial Lot in Downtown

    Commercial lot in a thriving downtown area ready for business.

    16th E A Ave, Gulf Shores, AL 36542
    View details

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    Gulf Beach Properties DBA Exit Realty Gulf Shores
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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
    Gulf Beach Properties DBA Exit Realty Gulf Shores
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