Financial
Distress signals
Property profile

2033 W 1St St 3 Gulf Shores, AL 36542

FOR LEASE
Office buildings
Property ID
US03-0478396
3,664 SF 0.27 ac lot Built 1984
Last sale Oct 2022 · $799,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office suite is located at 2033 West 1st Street, Suite 3, in Gulf Shores, Alabama. The space comprises approximately 1,000 rentable square feet and is arranged as three individual offices (approximately 174 to 325 square feet each) plus a shared reception area of about 239 square feet and a small kitchenette of about 20 square feet. The suite is situated near the Gulf Shores Post Office, providing convenient access along West 1st Street. The building has undergone exterior and site/lights…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$128k
Assessed land$30k
Assessed improvement$98k
Effective rate3.30%

Value estimate

· Sep 2026
$930k
$837k – $1.02M
AI approach$915k
CAP approach$700k
Submarket $/SF estimate$663k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$13k
Operating expenses−$14k
NOI · 2,799.33% cap applied$42k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$135 – $262
Qualifying comparables4

Cap rate analysis

How does the asset earn?
2,799.33%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBALDWIN

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.6
Building Supply9.3
Electrical Service9.3

Location

2033 W 1St St, Unit 3 Gulf Shores, AL 36542
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
191 Northshore, Gulf Shores, AL 36542-2822 $66,700 Jun 2025 4,480 SF
187 Northshore, Gulf Shores, AL 36542-2736 $360,000 Jan 2025 3,705 SF
170 Northshore, Gulf Shores, AL 36542-2822 $460,000 Aug 2024 3,340 SF
1229 Gulf Shrs, Gulf Shores, AL 36542-5929 $880,000 May 2023 3,770 SF
204 19th, Gulf Shores, AL 36542-3041 $370,000 Mar 2021 3,172 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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