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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
11251 State Hwy 104 Fairhope, AL 36532
Individually Owned
2-yr Hold
Free & Clear
Property ID
US03-1386543
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2018
Total area
332 SF
Lot
27 ac (1,176,120 SF)
APN
46-01-01-0-000-004.002
UPID
US03-1386543
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stephen Donald Dunmead · 2 yrs held
Stephen Donald Dunmead
since 2024
Last sale
$160,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Applied tax rate
23.0000
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
2018
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
332 SF
Lot
27 ac (1,176,120 SF)
APN
46-01-01-0-000-004.002
UPID
US03-1386543
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
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
27 ac
Current owner
From public records · entity-resolved
Stephen Donald Dunmead
Individual
Free & Clear · 2 yrs held
Mailing address
22164 RESORT BLVD #29, FAIRHOPE, AL 36532-6025
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Stephen Donald Dunmead
Stephen D Dunmead
Intrafamily Transfer
related
—
Nov 7, 2023
—
Scott R Dahlberg
Scott R Dahlberg
Intrafamily Transfer
related
—
Jan 20, 2023
$487,500
David J Smith
Suzanne Marie Corbett
Corporation Deed
—
Jan 12, 2023
$160,000
Terry D Russell
Charles R Berry
Warranty Deed
—
Nov 17, 2022
$442,500
Ginger S Dickey
Joseph Frank Kostelic
Corporation Deed
—
Nov 9, 2022
—
Brandon Scott Hayes
Susan Hayes
Deed
related
—
Oct 4, 2022
$165,000
Susan Hayes
Hugh M Acosta
Warranty Deed
$123,750 · The Citizens Bank
Oct 4, 2022
$162,000
Herbert M Foote
Stephen D Dunmead
Warranty Deed
—
Jun 15, 2022
$167,250
Ricky W Gilliam
Michael R Basker
Warranty Deed
—
May 23, 2022
$150,000
Davis & Haynes Properties LP
Robert M Kunowski
Warranty Deed
—
Apr 6, 2022
$400,000
Scott R Dahlberg
Christopher K Daigle
Warranty Deed
—
Dec 21, 2021
$95,000
C P Acher Builders INC
Grand Properties LLC
Condominium Deed
—
Oct 6, 2021
$149,000
James P Achee
Grand Properties LLC
Warranty Deed
—
Sep 22, 2021
$155,000
Davis & Eaynes Properties LP
Steve Ecton
Warranty Deed
—
Sep 3, 2021
$450,000
Suzanne M Corbett
Gary L Nichols
Warranty Deed
$360,000 · Firstbank
May 25, 2021
$150,000
James Henry Mott
M Warren Ford
Warranty Deed
—
Feb 3, 2021
$163,500
G D Bar Family Limited Partnership
James P Achee
Warranty Deed
—
Jan 21, 2021
—
R&s Adventures LLC
Robert M Morgan
Warranty Deed
$250,000 · South State Bank National Associati
Jun 12, 2020
$162,500
Innisbrook Holdings LLC
Steve R C Ira
Warranty Deed
related
—
Mar 5, 2020
$98,000
Jonathan R Kunowski
Grand Properties LLC
Warranty Deed
—
Nov 14, 2019
—
Ilw Alabama Properties LLC
—
Deed
related
$87,000 · Citizens Bank
May 5, 2005
$408,500
Gob Holdings LLC
Gayle,john S
Warranty Deed
related
$387,000 · Vision Bank Fsb
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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