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    Heather Harp, Orange Beach, AL

    License ID: new
    Years of Experience
    2
    Languages
    English

    Service Locations

    Contact details

    Phone:
    (251) 533-6677
    Office Address:
    PO BOX 619, Orange Beach, AL

    Property Types

    • Land

    Performance

    Listings
    20
    Total transactions
    21
    Total transactions amount
    $16M
    Price range
    $508k - 1.1M
    Average price
    $762k

    Listings

    For Sale (19)

    View map
    • $1,200,000
      1.04 Acres

      Waterfront Lot Ready to Build

      Waterfront lot on Cotton Bayou with deep-water access to Gulf.
      26594 Cotton Bayou Dr, Orange Beach, AL 36561
      View Details
    • $7,275,000
      43,897 SF

      Industrial Warehouse on I-65

      Large warehouse near the Port of Mobile on I-65.
      1275 E I65 Service Rd S, Mobile, AL 36606
      View Details
    • $2,175,000
      27,000 SF

      Elberta Self-Storage Expansion Opportunity

      27,000 SF self-storage facility on 16.1 acres with expansion potential.
      26132 Us Highway 98, Elberta, AL 36530
      View Details
    • $1,550,000

      Prime Commercial Land in Orange Beach

      1.13-acre commercial site in Orange Beach's booming business district.
      Canal Rd, Orange Beach, AL 36561
      View Details
    • $734,825

      Prime Industrial Land on Highway

      Industrial land with highway frontage, railroad access, and utilities.
      Us-31, Bay Minette, AL
      View Details
    • $1,150,000

      Prime Commercial Land in Orange Beach

      1.32-acre commercial site in booming Orange Beach business district.
      Canal Rd, Orange Beach, AL 36561
      View Details
    • $4,200,000

      Prime Corner Lot on Canal

      Corner lot in Orange Beach's bustling Canal Road corridor.
      23676 Canal Rd, Orange Beach, AL 36561
      View Details
    • $1,500,000
      6,700 SF

      Orange Beach Warehouse Opportunity

      Rare 6,700 SF warehouse for sale in Orange Beach.
      4399 Money Bayou Dr, Orange Beach, AL 36561
      View Details
    • $599,000

      Prime Commercial Land Opportunity

      Highly visible commercial land in the heart of Orange Beach.
      4422 Canal Rd, Orange Beach, AL 36561
      View Details
    • $655,175

      Prime Industrial Land with Highway Frontage

      Strategic industrial land with highway frontage and railroad access.
      108 Stevens Pkwy, Bay Minette, AL 36507
      View Details
    • $499,000

      Prime Commercial Land Opportunity

      Commercial land in the heart of Orange Beach.
      4422-4422 Canal Rd, Orange Beach, AL 36561
      View Details
    • $2,271,600
      9,000 SF

      Highway 59 Commercial Property

      Move-in ready facility with high visibility and traffic.
      20870 Hwy, Robertsdale, AL
      View Details
    • $1,200,000
      4,628 SF

      Diversified Income Commercial Asset

      Multi-use commercial property with diversified revenue streams and strong cashflow.
      4057 Moffett Rd, Mobile, AL 36618
      View Details
    • $3,450,000

      Orange Beach Development Opportunity

      5.3-acre parcel on Canal Road, Orange Beach, Alabama.
      25187 Canal Rd, Orange Beach, AL 36561
      View Details
    • $1,900,000

      9.74 Acres Adjacent to Walmart

      Commercial land for sale in high-traffic Robertsdale area.
      State 59 Hwy, Robertsdale, AL
      View Details
    • $400,000

      Foley, AL Land For Sale

      Cleared land with frontage on County Road 12.
      County 12 Rd, Foley, AL
      View Details
    • $2,900,000
      12,000 SF

      Thriving Strip Mall on Highway

      Fully occupied 12,000 SF strip mall on Highway 59.
      3820-3840 Al-59, Foley, AL
      View Details
    • $495,000

      Foley Beach Expressway Land

      11 acres of commercial land near Foley Beach Expressway.
      County 73 Rd, Summerdale, AL
      View Details
    • $525,000

      Prime Commercial Land For Sale

      Commercial land in a fast-growing area of Alabaster, Alabama.
      112 Plaza Cir, Alabaster, AL 35007
      View Details

    For Lease (1)

    View map
    • $950,000

      Foley Beach Commercial Lot

      Commercial lot for rent near Gulf Shores High School.
      Foley Beach Expy, Orange Beach, AL 36561
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Heather Harp, Orange Beach, AL
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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.

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