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    Realty Executives Gulf Coast

    3479-B Gulf Shores Pkwy, Gulf Shores, AL 36542
    (251) 968-4300
    Web Site
    Size: under 10 agents

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    For Sale (13)

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    Flat Farmland with Highway Frontage
    $1,300,000
    38.72 Acres

    Flat Farmland with Highway Frontage

    Nearly 40 acres with about 1,200 feet of US Highway 98 frontage and current crop lease income potential.

    26652 Us Highway 98, Elberta, AL 36530
    View details
    Approved Development Land in Foley, AL
    $2,790,000
    10.17 Acres

    Approved Development Land in Foley, AL

    10.17 acre development site approved for 104 townhome units.

    19625 County Road 20, Foley, AL 36535
    View details
    Residential Lots in Stapleton, AL
    $70,000

    Residential Lots in Stapleton, AL

    Two adjoining residential lots with utilities available.

    12164 Bromley Rd, Stapleton, AL 36578
    View details
    Residential Lots in Stapleton, AL
    $70,000
    0.49 Acres

    Residential Lots in Stapleton, AL

    Two adjoining residential lots with utilities available in Stapleton, AL.

    12150 Bromley Rd, Stapleton, AL 36578
    View details
    Ready-to-Build Residential Lot
    $224,900
    2.00 Acres

    Ready-to-Build Residential Lot

    2-acre flat lot in a quiet, peaceful setting.

    16624 County Road 10, Foley, AL 36535
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    Ready-to-Build Lot in Stapleton
    $79,500
    0.56 Acres

    Ready-to-Build Lot in Stapleton

    Half-acre lot ready for development in Stapleton, Alabama.

    35579 County Road 39, Stapleton, AL 36578
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    Elberta Land with Highway Frontage
    $650,000
    16.80 Acres

    Elberta Land with Highway Frontage

    16.8+ acre property with frontage on Hwy 98.

    29640 Us Highway 98, Elberta, AL 36530
    View details
    Residential Lots in Foley, AL
    $339,900
    3.30 Acres

    Residential Lots in Foley, AL

    3.3-acre homesite near beaches, shopping, and dining.

    7398 County Road 19, Foley, AL 36535
    View details
    Two Acre Lot, No HOA
    $224,900
    2.00 Acres

    Two Acre Lot, No HOA

    Two acre residential lot near Alabama Gulf Coast.

    7436 County Road 19, Foley, AL 36535
    View details
    Acreage in Elberta with Frontage
    $650,000
    16.80 Acres

    Acreage in Elberta with Frontage

    Land with frontage, house, outbuildings, utilities, and fruit trees.

    29640 Us Highway 98, Elberta, AL 36530
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    Acreage Near Downtown Elberta
    Contact for pricing

    Acreage Near Downtown Elberta

    Acreage with frontage on Hwy 98, near downtown Elberta.

    29640 Us Highway 98, Elberta, AL 36530
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    Land for Sale North Stapleton
    Contact for pricing

    Land for Sale North Stapleton

    Two adjoining lots with utilities available, suitable for building.

    12164 Bromley Rd, Stapleton, AL 36578
    View details
    Land Near Spanish Fort
    Contact for pricing

    Land Near Spanish Fort

    Two adjoining lots with utilities at the street.

    12150 Bromley Rd, Stapleton, AL 36578
    View details

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    Realty Executives Gulf Coast
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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
    Realty Executives Gulf Coast
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