Individually Owned 
For Sale
1 / 62
$1,699,900
16749 River Rd, Bon Secour, AL 36511
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Property summary
AI-generated overview
This 4.80-acre waterfront commercial property in Bon Secour includes multiple structures and a combination of workspace and living accommodations. Building One features three oversized ground-level bays with roll-up doors and a one-bedroom apartment located upstairs. Building Two had renovations completed and provides flexible indoor space, including covered parking and outdoor deck areas on the lower level, and approximately five office or flex rooms along with a kitchen area, three full bathrooms, and upper-level accommodation space. The second building is configured in a residential-style layout and has been used for short-term rental purposes. The site provides frontage and views of the Bon Secour River and an adjacent canal, with acreage that supports equipment storage, fleet parking, and lay-down yard use. The property is located minutes from Gulf Shores, Foley, and the Alabama Gulf Coast.
Property profile
Verified
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1987
Total area
22,570 SF
Lot
5.5 ac (239,580 SF)
APN
60-08-34-0-001-051.001
UPID
US03-0613568
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering Fish Market
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$815k
Owner & transaction history
since 2025
Last sale
$900,000
1 recorded transaction
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$815k
Value range
$734k – $897k
±10% around blend
Estimated value / SF
$36 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$734k
blend $815k
$897k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,570 SF
Lot area
5.5 ac
Year built
1987
Stories
2
APN
60-08-34-0-001-051.001
Assessed value
$361,480
Annual tax
$10,121
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$10,121
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$815k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 159 sales
$131
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $36/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
8.71%
Selected cap rate for this other retail properties
Derived from the Bon Secour market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.71%
9.0%
NOI (est.)
$148k *
Last sale · Feb 2025
$900k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.70M
Move the market yield to see immediate price impact.
Value / SF
$75
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.21%8.71%9.21%
$133k
$1.62M
$1.53M
$1.45M
$148k
$1.80M
$1.70M
$1.61M
$163k
$1.98M
$1.87M
$1.77M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,121
Tax year 2023
Assessed value
$361,480
Assessed 2023
Previous assessed
$361,480
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$39,200
Assessed improvement
$322,280
Land market value
$196,000
Improvement market value
$1,611,400
Total market value
$1,807,400
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
1987
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
2
Rooms
5
Bathrooms
2
Total area
22,570 SF
Lot
5.5 ac (239,580 SF)
APN
60-08-34-0-001-051.001
UPID
US03-0613568
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Rooms
5
Bathrooms
2
Lot
5.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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