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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Motels
1504 Mckenzie St Foley, AL 36535-1727
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-0826206
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1994
Total area
20,497 SF
Lot
2.28 ac (99,230 SF)
APN
54-09-32-4-000-003
UPID
US03-0826206
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
-
Days Inn By Wyndham Hotel & Motel
-
Days Inn by Wyndham Foley Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.28M
Owner & transaction history
Jay Saibaba LLC · 1 yrs held
Jay Saibaba LLC
since 2025
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+293.2%
Restaurant
$2.4M
+263.6%
Medical building
$2.2M
+234.5%
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 Foley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Foley 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
$3,000,000
ML approach
$3,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,555,000
Change: +293% · Conversion: Difficult
RESTAURANT
$2,360,000
Change: +264% · Conversion: Difficult
MEDICAL BUILDING
$2,170,000
Change: +234% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,110,000
Change: +225% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,010,000
Change: +209% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±10% · vs last sale $3.52M (Mar 20 2025)
Last sale anchor
$3.52M
Mar 20 2025
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
$160 / 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
$10,476
Tax year 2023
Assessed value
$317,440
Assessed 2023
Previous assessed
$317,440
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed improvement
$317,440
Applied tax rate
7.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1994
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Bathrooms
1
Total area
20,497 SF
Lot
2.28 ac (99,230 SF)
APN
54-09-32-4-000-003
UPID
US03-0826206
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
OFFICE BUILDING
Est. value
$2.6M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1994
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Jay Saibaba LLC
Entity
Mailing address
1504 S MCKENZIE ST, FOLEY, AL 36535-1727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 20, 2025
$3,515,000
Jay Saibaba LLC
Jay & Kavya LLC
Warranty Deed
$3,000,000 · Ready Capital Corp
Nov 5, 2019
—
Jay & Kavya LLC
—
Deed
related
$1,550,000 · Centennial Bank
Jul 1, 2019
$500,000
Jay & Kavya LLC
Jwf Properties LLC
Grant Deed
—
Apr 3, 2012
$2,100,000
Jwf Properties LLC
Sai Hospitality INC
Warranty Deed
—
—
—
Sai Hospitality INC
—
Deed Of Trust
related
$225,000 · Bryant Bank
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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