Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1569 Is Clb Dr Gulf Shores, AL 36542-4099
    Back to Search
    Property profile & analytics

    1569 Is Clb Dr, Gulf Shores, AL 36542-4099

    View on Map
    • Apartment buildings
    • 17,472 SF
    • 8.00 lot acres
    Off-Market
    Property ID
    US03-0633369
    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.
    Value Estimations
    $1,605,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1569 Is Clb Dr

    Year built
    1997
    Lot size
    8.00 lot acres
    Property type
    Apartment buildings
    APN
    66-04-17-2-000-007.003
    APU
    6604172000007003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 16, 2021 $17,500,000 Summer Trace Gulf Shores LLC Cmf Summer Trace LLC Warranty Deed $14.2M · Berkadia Commercial Mortgage LLC
    Apr 2, 2019 $11,000,000 Cmf Summer Trace LLC Summer Trace Gulf Shores Own Grant Deed · related $8.1M · Walker & Dunlop
    Feb 2, 2016 — Summer Trace Gulf Shores Owner LLC Ggpst LLC Warranty Deed $6.2M · Berkadia Commercial Mortgage LLC
    Feb 2, 2016 $910,000 Sanders St LLC Ggpst LLC Quit Claim Deed · related —
    Jun 30, 2006 $50,000 Ggpst LLC Golden Gate Partners LLC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,030,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,375,000
      6.5%
      $2,190,000
      7%
      $2,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,594,000
      Market price range: $450k - $1.59M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6938
    Latitude
    30.2661
    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
    $113,256
    $0.00
    $3,432,000
    $3,432,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,110,000
      84,698 SF

      1510 Regency Rd

      APARTMENT HOUSE (5+ UNITS)
      1510 Regency Rd, Gulf Shores, AL 36542-3542
      View Details
    • Value Estimation
      $5,025,000
      6,773 SF

      2500 Boddie Ln

      APARTMENT HOUSE (5+ UNITS)
      2500 Boddie Ln, Gulf Shores, AL 36542-4128
      View Details
    • Value Estimation by Request
      3,166 SF

      641 23rd Ave

      APARTMENT HOUSE (5+ UNITS)
      641 23rd Ave, Gulf Shores, AL 36542-3600
      View Details
    • Value Estimation
      $1,160,000
      15,228 SF

      20050 Oak E Rd

      APARTMENT HOUSE (5+ UNITS)
      20050 Oak E Rd, Gulf Shores, AL 36542-5716
      View Details
    • Value Estimation
      $1,165,000
      15,228 SF

      20050 Oak E Rd

      APARTMENT HOUSE (5+ UNITS)
      20050 Oak E Rd, Gulf Shores, AL 36542-5716
      View Details
    • Value Estimation
      $1,165,000
      15,228 SF

      20050 Oak E Rd

      APARTMENT HOUSE (5+ UNITS)
      20050 Oak E Rd, Gulf Shores, AL 36542-5716
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,088 SF

      Turnkey Beach Condo with Views

      Updated 2-bedroom condo with lake and pool views near the beach.
      554 Beach Blvd, Gulf Shores, AL 36542
      View Details
    • Contact for pricing
      1,300 SF

      Gulf-Front Corner Unit Condo

      Rare 3-bedroom condo with panoramic Gulf views and strong rental potential.
      957 WEST Beach Blvd, Gulf Shores, AL 36542
      View Details
    • $97,500
      0.06 Acres

      Shaded RV Resort Lot

      Lot 7 in Whispering Pines RV Resort includes a new storage shed and utility-ready concrete-pad RV setup.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $102,500
      0.06 Acres

      RV Resort Pad Lot

      Development-completed RV resort lot with an extra-wide pad, separate utilities, and shared amenity infrastructure.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $108,500
      0.05 Acres

      RV Lot Near Gulf Beaches

      Turn-key RV lot in pet-friendly community near Gulf Shores.
      19648 Whispering Pne West, Gulf Shores, AL 36542
      View Details
    • $1,295,000
      3,300 SF

      Beachside Duplex with Gulf Views

      Renovated duplex near the beach, ideal for rental income.
      6488 Sawgrass Dr, Gulf Shores, AL 36542
      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.
    1569 Is Clb Dr
    Gulf Shores, AL 36542-4099
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1569 Is Clb Dr, Gulf Shores, AL, 36542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!