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Financial
Distress signals
Property profile

1585 Gulf Shores Pkwy Gulf Shores, AL 36542

FOR LEASE
Office buildings
Property ID
US03-0471908
40,653 SF 0.77 ac lot Built 2005
Last sale Jun 2022 · $6,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Class A office space is located on Highway 59 in Gulf Shores and comprises 4,944 square feet on the fourth floor. The interior layout includes eight offices with movable walls and seventeen cube workstations, with each private office containing a window. The suite also features a reception area and a break area. A desk at the first-floor level is provided for walk-in presence, and the building includes access to a full kitchen and a common training/conference room on the first floor. The property is supported by ample on-site parking.

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?
$45k
Tax billed · 2023
Assessed value$1.37M
Assessed land$198k
Assessed improvement$1.17M
Effective rate3.30%

Value estimate

· Oct 2026
$7.91M
$7.12M – $8.70M
AI approach$7.60M
CAP approach$7.78M
Submarket $/SF estimate$7.06M
NOI build-up
Gross scheduled income$95k
Vacancy & credit loss−$18k
Operating expenses−$19k
NOI · 250,726.09% cap applied$58k

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?
250,726.09%
$58k 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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.6
Building Supply10.1
Electrical Service9.3

Location

1585 Gulf Shores Pkwy Gulf Shores, AL 36542
County assessor Recorded deeds · 3 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
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
1557 Gulf Shrs, Gulf Shores, AL 36542-3437 $7,000,000 Dec 2022 31,098 SF
750 Commerce, Gulf Shores, AL 36542-2811 $810,000 Feb 2022 7,558 SF
956 Commerce, Gulf Shores, AL 36542-2817 $800,000 Sep 2021 8,032 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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