Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5601 Al-180 Gulf Shores, AL 36542

    • Specialty properties
    • 1,135 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 5601 Al-180

    Year built
    2005
    Property size
    1,135 SF
    Property type
    Specialty properties
    Property subtype
    Residential income properties

    Description

    This charming 1,135 sq ft, 3-bedroom, 2-bathroom cottage in Gulf Shores, Alabama, presents a fantastic investment opportunity. Built in 2005, this single-story home is located in the desirable Rookery community, offering deeded beach access, a seasonally heated pool, hot tub, and boat/trailer parking. The property is situated on a peaceful cul-de-sac, within walking distance of community tennis courts and a pool. The interior boasts stylish new luxury vinyl plank flooring throughout and includes a newer washer and dryer. The home is being sold fully furnished, making it ideal for immediate occupancy as a vacation rental or personal residence. The Rookery is a golf cart-friendly neighborhood. This property is priced at $359,000. All information should be verified by the buyer during due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9252
    Latitude
    30.2372

    Comparable in this City

    • Value Estimation by Request
      1,056 SF

      921 Beach Blvd

      Residential income homes • 1,056 SF
      921 Beach Blvd, Gulf Shores, AL 36542
      View Details
    • Value Estimation by Request
      1,844 SF

      117 Blue Lagoon Dr

      Residential income homes • 1,844 SF
      117 Blue Lagoon Dr, Gulf Shores, AL 36542
      View Details
    • Value Estimation by Request
      1,542 SF

      453 Dune Dr

      Residential income homes • 1,542 SF
      453 Dune Dr, Gulf Shores, AL 36542
      View Details
    • Value Estimation by Request
      2,628 SF

      4137 Co Rd

      Multifamily properties • 2,628 SF
      4137 Co Rd, Gulf Shores, AL 36542
      View Details
    • Value Estimation by Request

      0.46 Acres Turn-Key Multiple Rental Property For Sale

      0.46 Acres Turn-Key Multiple Rental Property For Sale
      6594 George street, Gulf Shores, AL 36542
      View Details
    • Value Estimation by Request
      3,253 SF

      4216 Augusta Dr

      Multifamily properties • 3,253 SF
      4216 Augusta Dr, Gulf Shores, AL 36542
      View Details

    Similar Nearby for Sale

    • $107,500
      0.07 Acres

      Improved RV Lot in Gulf Shores

      RV lot with utilities, concrete pad, and resort amenities.
      19648 County Road 8, Gulf Shores, AL 36542
      View Details
    • $110,000
      0.08 Acres

      Gulf Shores RV Resort Lot

      Improved RV lot in a resort setting near Gulf beaches.
      19648 County Road 8, Gulf Shores, AL 36542
      View Details
    • $260,000
      1,239 SF

      Updated Condo in Gated Community

      Move-in ready condo with community pool, close to beaches.
      1430 Regency Rd, Gulf Shores, AL 36542
      View Details
    • $399,900
      1,055 SF

      Waterfront Condo with Boat Slip

      Condo with harbor views and deeded boat slip included.
      2715 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $220,000
      1.00 Acre

      Luxury RV Lot in Gulf Shores

      Premier RV lot with custom outdoor kitchen in Gulf Shores, AL.
      22353 Twin Lake Cir, Gulf Shores, AL 36542
      View Details
    • $220,000

      Improved RV Lot in Gulf Shores

      Luxury RV lot with custom outdoor kitchen in Gulf Shores.
      22353 Twin Lake Cir, Gulf Shores, AL 36542
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      1,250 SF

      Gulf Shores Office Space For Lease

      Modern Gulf Shores office, 1250 sq ft.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
    • $20 SF/Yr
      4,944 SF

      Class A Office Space Rental

      Class A office space available in Gulf Shores, Alabama.
      1585 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $17 SF/Yr
      1,625 SF

      Office or Retail Space Available

      Office or retail space in newer building for lease.
      7300 Roscoe Rd, Gulf Shores, AL 36542
      View Details
    • $2,650 /Mo
      1,198 SF

      Gulf Shores Office Space Available

      Corner office suite in established Gulf Shores business park.
      1544 W 2Nd St, Gulf Shores, AL 36542
      View Details
    • $2,000 /Mo
      1,000 SF

      Gulf Shores Office Space For Lease

      Prime Gulf Shores location, affordable offices.
      2033 West 1st Street, Gulf Shores, AL 36542
      View Details
    • $32 SF/Yr
      2,050 SF

      Gulf Shores Office Space For Lease

      Beachfront Office, High Visibility, Immediate Occupancy
      613 GULF SHORES PKWY, Gulf Shores, AL 36542
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5601 Al-180
    Gulf Shores, AL 36542
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.