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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
12 Market St Orange Beach, AL 36561-3004
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-1803782
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
2,282 SF
Lot
0.08 ac (3,485 SF)
APN
66-06-13-3-001-002.006
UPID
US03-1803782
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
-
MINT Decor and Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$480k
Blend (final)
Blend
$535k
Owner & transaction history
12 Market Street LLC · 4 yrs held
12 Market Street LLC
since 2022
Last sale
$535,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$445,000
+16.6%
Office building
$415,000
+8.3%
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 Orange Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Beach 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
$620,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$350,000
Alternative Use
Use
Estimation
RETAIL STORES
$385,000
Current use
MEDICAL BUILDING
$445,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$375,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $535k (Jan 5 2022)
Last sale anchor
$535k
Jan 5 2022
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
$234 / 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
$3,654
Tax year 2023
Assessed value
$114,200
Assessed 2023
Previous assessed
$114,200
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$38,360
Assessed improvement
$75,840
Land market value
$191,800
Improvement market value
$379,200
Total market value
$571,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,282 SF
Lot
0.08 ac (3,485 SF)
APN
66-06-13-3-001-002.006
UPID
US03-1803782
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
RETAIL STORES Current
Est. value
$385,000
MEDICAL BUILDING
Est. value
$445,000
OFFICE BUILDING
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$375,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
12 Market Street LLC
Entity
Mailing address
28749 ONO BLVD, ORANGE BEACH, AL 36561-3612
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$535,000
12 Market Street LLC
Lakewood Holdings LLC
Warranty Deed
$428,000 · Pnc Bank NA
Apr 7, 2016
$729,500
Lakewood Holdings LLC
Hercules Investments LLC
Warranty Deed
—
Apr 7, 2016
—
Hercules Investments LLC
Ff Investments LLC
Warranty Deed
related
$550,000 · Private Individual
Dec 21, 2011
—
Ff Investments LLC
Tannin INC
Warranty Deed
related
—
Dec 19, 2007
$278,197
Tannin INC
Schlauder,jeffrey C
Warranty Deed
—
Jul 21, 2005
$387,500
Jeffrey C Schlauder
Skinner,daniel E
Warranty Deed
—
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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