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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Banks
1801 Gulf Shrs Pkwy Gulf Shores, AL 36542
Individually Owned
20-yr Hold
Free & Clear
Property ID
US03-3143237
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1997
Total area
6,889 SF
Lot
0.97 ac (42,253 SF)
APN
66-03-08-4-000-050.050
UPID
US03-3143237
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$635k
Owner & transaction history
Erie Hall Charitable Fu|w Meyer · 20 yrs held
Erie Hall Charitable Fu|w Meyer
since 2005
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+85.7%
Office building
$1.0M
+83.6%
Restaurant
$840,000
+48.4%
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 Gulf Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Shores 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
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$565,000
Current use
RETAIL STORES
$1,050,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$1,035,000
Change: +84% · Conversion: Difficult
RESTAURANT
$840,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$92 / 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
Tax billed
$22,325
Tax year 2023
Assessed value
$676,500
Assessed 2023
Previous assessed
$676,500
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$311,500
Assessed improvement
$365,000
Land market value
$1,557,500
Improvement market value
$1,825,000
Total market value
$3,382,500
Applied tax rate
8.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
6,889 SF
Lot
0.97 ac (42,253 SF)
APN
66-03-08-4-000-050.050
UPID
US03-3143237
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
FINANCIAL BUILDING Current
Est. value
$565,000
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$710,000
MEDICAL BUILDING
Est. value
$645,000
FINANCIAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Erie Hall Charitable Fu|w Meyer
Individual
Free & Clear · 20 yrs held
Mailing address
11700 PRESTON RD STE #660, DALLAS, TX 75230-2739
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2005
—
Erie Hall Charitable Fu|w Meyer
Ward,wade
Grant Deed
related
—
Oct 27, 2004
$2,060,000
Erie H Meyer
Meyer Properties INC
Grant Deed
related
—
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.
Try Rey
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