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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Retail properties & Spaces
111 Section St Fairhope, AL 36532-2208
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0717105
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1960
Total area
5,128 SF
Lot
0.43 ac (18,731 SF)
APN
46-03-37-0-801-006.501
UPID
US03-0717105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
H&M GOLF CART SALES Golf Cart Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.28M
Owner & transaction history
H & M Marine & Golf Cart Sales LLC · 4 yrs held
H & M Marine & Golf Cart Sales LLC
since 2021
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.6M
+26.0%
Restaurant
$1.6M
+25.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhope submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,495,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,250,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,575,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,565,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,215,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$1,005,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.10M (Dec 9 2021)
Last sale anchor
$1.10M
Dec 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,416
Tax year 2023
Assessed value
$204,700
Assessed 2023
Previous assessed
$204,700
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$151,180
Assessed improvement
$53,520
Land market value
$932,855
Improvement market value
$330,245
Total market value
$1,263,100
Applied tax rate
63.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
5,128 SF
Lot
0.43 ac (18,731 SF)
APN
46-03-37-0-801-006.501
UPID
US03-0717105
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
H & M Marine & Golf Cart Sales LLC
Entity
Mailing address
111 S SECTION ST, FAIRHOPE, AL 36532-2208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
$1,100,000
H & M Marine & Golf Cart Sales LLC
Perry F Thomas
Warranty Deed
$1,100,000 · Investar Bank
Dec 9, 2021
—
H & M Marine & Golf Cart Sales LLC
Fairhope Single Tax Corporation
Lease
—
Apr 21, 2014
$163,000
Thomas Living Trust
Thomas,perry & Betty O
Grant Deed
related
—
Apr 21, 2014
$150,500
Thomas Living Trust
Thomas,perry & Betty O
Grant Deed
related
—
Apr 21, 2014
$147,000
Thomas Living Trust
Thomas,perry & Betty O
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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