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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office buildings
1605 Mckenzie St Foley, AL 36535-2247
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0555241
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
3,119 SF
Lot
0.52 ac (22,651 SF)
APN
54-04-20-1-000-006.001
UPID
US03-0555241
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
-
Cactus Cantina Foley Restaurant
-
Vanguard Health Services Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$625k
Blend (final)
Blend
$780k
Owner & transaction history
South Baldwin Cnty Health Care Auth · 4 yrs held
South Baldwin Cnty Health Care Auth
since 2022
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$610,000
+22.8%
Retail stores
$530,000
+7.2%
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
$990,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Current use
MEDICAL BUILDING
$610,000
Change: +23% · Conversion: Easy
RETAIL STORES
$530,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $850k (May 9 2022)
Last sale anchor
$850k
May 9 2022
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
$250 / 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
Assessed value
$119,220
Assessed 2023
Previous assessed
$119,220
+0.0% YoY
Assessed land
$51,380
Assessed improvement
$67,840
Land market value
$256,900
Improvement market value
$339,200
Total market value
$596,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
7
Bathrooms
1
Total area
3,119 SF
Lot
0.52 ac (22,651 SF)
APN
54-04-20-1-000-006.001
UPID
US03-0555241
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 Current
Est. value
$495,000
MEDICAL BUILDING
Est. value
$610,000
RETAIL STORES
Est. value
$530,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
South Baldwin Cnty Health Care Auth
Individual
Mailing address
PO BOX 1747, FOLEY, AL 36536-1747
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
$850,000
South Baldwin Cnty Health Care Auth
Andrew T Citrin LLC
Warranty Deed
—
Dec 18, 2020
$900,000
Cactus Properties LLC
Life Real Estate Sales Liquid
Warranty Deed
—
Jul 23, 2020
$1,010,525
Cactus Properties LLC
Regions Bk
Warranty Deed
$1,300,000 · Smartbank
May 10, 2019
$568,346
Regions Bk
Regions Bk|moeini Corp
Trust Deed
related
—
Jan 2, 2018
—
Andrew T Citrin LLC
—
Deed
related
$253,500 · Servisfirst Bank
Apr 24, 2017
$250,000
Andrew T Citrin LLC
Duchesneau Properties LLC
Warranty Deed
$246,500 · Servisfirst Bank
Mar 6, 2017
$177,938
Duchesneau Properties LLC
Mcconnell Rentals LLC
Dual Purpose Document
$104,938 · Mcconnell Rentals LLC
May 19, 2015
$1,500,000
Mcconnell Rentals LLC
Mcconnell Carolyn N
Warranty Deed
—
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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