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Property profile & analytics
OFF-MARKET
Estimated value
$11,405,000
Retail properties & Spaces
12020 Dolive St Bay Minette, AL 36507-6129
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0840909
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2008
Construction
WOOD
Total area
2,436 SF
Lot
20 ac (871,200 SF)
APN
23-04-18-0-000-013.005
UPID
US03-0840909
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
$9.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.41M
Owner & transaction history
Bay Minette Energy LLC · 6 yrs held
Bay Minette Energy LLC
since 2020
Last sale
$10.7M
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 Bay Minette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay Minette 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
$14,300,000
ML approach
$9,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.41M
Range $10.26M – $12.55M · ±10% · vs last sale $10.69M (Jun 18 2020)
Last sale anchor
$10.69M
Jun 18 2020
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
$4,682 / 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
$12,347
Tax year 2023
Assessed value
$279,660
Assessed 2023
Previous assessed
$279,660
+0.0% YoY
Effective rate
4.42%
On assessed value
Assessed land
$31,600
Assessed improvement
$248,060
Land market value
$158,000
Improvement market value
$1,240,300
Total market value
$1,398,300
Applied tax rate
3.0000
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
2008
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
6
Stories
1
Bathrooms
2
Total area
2,436 SF
Lot
20 ac (871,200 SF)
APN
23-04-18-0-000-013.005
UPID
US03-0840909
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
2008
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
2
Lot
20 ac
Current owner
From public records · entity-resolved
Bay Minette Energy LLC
Entity
Mailing address
12020 DOLIVE ST, BAY MINETTE, AL 36507-6129
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2020
$10,690,000
Bay Minette Energy LLC
Proton Power INC
Warranty Deed
$3,456,730 · Hudco Developments III LLC
Feb 3, 2020
—
Proton Power INC
—
Deed
related
$100,000 · Martial Eagle Fund LP
Oct 24, 2019
—
Proton Power INC
—
Deed
related
$3,970,000 · Two Sisters Dairy LLC
Jan 6, 2015
$5,185,000
Proton Power INC
Hudco Devs III LLC
Grant Deed
$4,000,000 · Hudco Dev III LLC
Dec 3, 2013
$875,000
Hudco Devs III LLC
Estate Of Cello Energy LLC
Trustees Deed
—
May 2, 2007
$70,000
Forest Energy Systems LLC
Industrial Dev Board Of City/bay
Warranty Deed
—
—
—
Proton Power INC
—
Deed Of Trust
related
$3,970,000 · Two Sisters Dairy LLC
—
—
Proton Power INC
—
Deed Of Trust
related
$100,000 · Martial Eagle Fund LP
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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