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Financial
Distress signals
Property profile

1404 W 1St St Gulf Shores, AL 36542

FOR LEASE
Office buildings
Property ID
US03-1282498
4,958 SF 0.49 ac lot Built 1986
Last sale Feb 2021 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, situated at the intersection of Highway 59 and Fort Morgan Road in Gulf Shores, Alabama, offers 4,824 square feet of flexible office space across six suites. Built in 1986, this single-story, Class C building is ideally suited for a variety of uses, including traditional office, medical office, coworking, creative office, or executive office spaces. The property sits on a half-acre lot and provides ample parking with 18 spaces. Its convenient location…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$61k
Assessed improvement$61k
Effective rate3.30%

Value estimate

· Oct 2026
$405k
$365k – $446k
AI approach$405k
NOI build-up
Gross scheduled income$10k
Vacancy & credit loss−$2k
Operating expenses−$2k
NOI · 589.09% cap applied$6k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
589.09%
$6k 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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.5
Parking Facility9.5
Electrical Service9.2

Location

1404 W 1St St Gulf Shores, AL 36542
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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
100 Cv, Gulf Shores, AL 36542-3527 $1,600,000 Jan 2024 7,151 SF
1229 Gulf Shrs, Gulf Shores, AL 36542-5929 $880,000 May 2023 3,770 SF
2033 1st, Gulf Shores, AL 36542-4447 $799,000 Oct 2022 3,664 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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