Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1506 Mckenzie St Foley, AL 36535-2261

    • Office buildings
    • 19,820 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    $655,000
    Last Sale
    Apr 01, 2024
    Location Intelligence
    Property ID
    US03-0705584
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Janet Hoffman / Family Practice Physician / Practitioner Service Location
    • Armbrecht Jackson LLP / Attorney
    • Jeremy S. Norwood, M.D. / Urologist / Doctor
    • A. Brian Allen, DO / Urologist / Medical Group
    • Brantley Herrington / Personal Trainer / Medical School

    Property Details for 1506 Mckenzie St

    Year built
    2007
    Construction
    WOOD
    Lot size
    1.30 lot acres
    Property size
    19,820 SF
    Property type
    Office buildings
    APN
    54-05-21-2-000-005
    APU
    5405212000005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $570,000

    • CAP approach

      CAP return
      Estimation
      6%
      $725,000
      6.5%
      $755,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $895,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $695,000
      Retail
      $920,000
      Mixed-Use
      $875,000
      Hospitality
      $750,000
      Educational
      $710,000
      Residential Income
      $875,000
      Energy
      $925,000
      Income-Based Land
      $830,000
      Food Service
      $820,000

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6819
    Latitude
    30.4239
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,081
    $83,900
    $464,000
    $547,900
    -
    $419,500
    $2,320,000
    $2,739,500

    Comparable in this City

    • Value Estimation by Request
      10,334 SF

      209 Fern Ave

      OFFICE BUILDING • 10,334 SF
      209 Fern Ave, Foley, AL 36535-2817
      View Details
    • Value Estimation by Request
      1,732 SF

      222 Laurel Ave

      OFFICE BUILDING • 1,732 SF
      222 Laurel Ave, Foley, AL 36535-1919
      View Details
    • Value Estimation by Request
      2,633 SF

      700 Mckenzie St

      OFFICE BUILDING • 2,633 SF
      700 Mckenzie St, Foley, AL 36535-3543
      View Details
    • Value Estimation by Request
      917 SF

      3210 Mckenzie St

      OFFICE BUILDING • 917 SF
      3210 Mckenzie St, Foley, AL 36535-3704
      View Details
    • Value Estimation by Request
      1,732 SF

      506 Orchid Ave

      OFFICE BUILDING • 1,732 SF
      506 Orchid Ave, Foley, AL 36535
      View Details
    • Value Estimation by Request
      11,613 SF

      300 Alston St

      OFFICE BUILDING • 11,613 SF
      300 Alston St, Foley, AL 36535-3528
      View Details

    Similar Nearby for Sale

    • $250,000
      1,600 SF

      Foley, AL: Live/Work Storage Unit

      Premium 1600 sq ft climate-controlled unit; ideal for business or storage.
      9731 Co Rd 65, Foley, AL 36535
      View Details
    • $675,000
      2,250 SF

      Foley Beach Commercial Property

      Beachfront acreage with existing house. Investment opportunity.
      12704 Foley Beach Express, Foley, AL 36535
      View Details
    • $725,000
      14.00 Acres

      Foley Industrial Land - $725,000

      14-Acre Industrial Lot, Excellent Location
      24 Co Rd, Foley, AL 36535
      View Details
    • $575,000
      3,590 SF

      Foley, AL Commercial Property

      Versatile 3,590 SF space, prime location.
      18299 US Highway 98, Foley, AL 36535
      View Details
    • $299,000
      1.95 Acres

      Foley, AL Commercial Land Investment

      1.95 Acres, B1A Zoning, High Traffic
      15372 County Road 28, Foley, AL 36535
      View Details
    • $995,000
      4,000 SF

      Foley, AL Commercial Building

      High-traffic Hwy 59 retail space. Great investment opportunity.
      1157 S Mckenzie St, Foley, AL 36535
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      4,593 SF

      Foley Medical Office Space - Suite 1809

      Prime Medical Office, Hwy 59 Access
      1817 N McKenzie St, Foley, AL 36535
      View Details
    • $20 SF/Yr
      73,482 SF

      Foley Medical Office Space for Lease

      Prime Medical Office, 5,000 SF Available
      1801 Mckenzie St, Foley, AL 36535
      View Details
    • $22 SF/Yr
      4,740 SF

      Foley, AL Medical Office Space

      Prime 4,740 SF medical office suite. Ideal for healthcare providers.
      1815 N Mckenzie St, Foley, AL 36535
      View Details
    • $300 /Mo
      100 SF

      Foley Office Suite - 100 Sq Ft

      Small Office, Prime Foley Location. All Utilities Included.
      417 N Alston St, Foley, AL 36535
      View Details
    • $300 /Mo
      100 SF

      Foley Office Space: 100 Sq Ft

      Modern Foley office, ideal for small business.
      417 N Alston St, Foley, AL 36535
      View Details
    • $12 SF/Yr
      8,576 SF

      Foley Office and Warehouse Space

      Office and warehouse space available on Highway 59 in Foley.
      3786 S Mckenzie St, Foley, AL 36535
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1506 Mckenzie St
    Foley, AL 36535-2261
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.