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Property profile & analytics
OFF-MARKET
Estimated value
$7,575,000
Office buildings
1851 Mckenzie St Foley, AL 36535-4700
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0865634
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
WOOD
Total area
35,954 SF
Lot
1.35 ac (58,806 SF)
APN
54-04-17-4-000-033.001
UPID
US03-0865634
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
-
eos sleep - Foley Snoring & Sleep Apnea Doctor Medical Clinic
-
South Baldwin Medical Group - Family Medicine Medical Clinic
-
Nicole Bodine ARNP Pediatrician Physician
-
George Graves, M.D. Physician Medical Clinic
-
David Echeverri, M.D. Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.89M
CAP Approach
CAP
$6.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.58M
Owner & transaction history
Peachtree Medical Center LLC · 4 yrs held
Peachtree Medical Center LLC
since 2021
Last sale
$7.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.1M
+93.2%
Restaurant
$11.0M
+91.7%
Medical building
$7.0M
+22.8%
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
$10,180,000
ML approach
$9,885,000
CAP Approach
CAP Return
Estimation
6%
$7,455,000
6.5%
$6,880,000
7%
$6,390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,720,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,055,000
Change: +93% · Conversion: Easy
RESTAURANT
$10,965,000
Change: +92% · Conversion: Moderate
MEDICAL BUILDING
$7,030,000
Change: +23% · Conversion: Easy
RETAIL STORES
$6,135,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$7.58M
Range $6.82M – $8.33M · ±10% · vs last sale $7.50M (Nov 8 2021)
Last sale anchor
$7.50M
Nov 8 2021
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
$211 / 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
$15,183
Tax year 2023
Assessed value
$460,100
Assessed 2023
Previous assessed
$460,100
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$68,420
Assessed improvement
$391,680
Land market value
$342,100
Improvement market value
$1,958,400
Total market value
$2,300,500
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
2007
Construction
WOOD
Heating
OTHER
Cooling
AC.PACKAGE
Stories
2
Bathrooms
1
Total area
35,954 SF
Lot
1.35 ac (58,806 SF)
APN
54-04-17-4-000-033.001
UPID
US03-0865634
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
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.1M
RESTAURANT
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$7.0M
RETAIL STORES
Est. value
$6.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2007
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Peachtree Medical Center LLC
Entity
Mailing address
118 N ROYAL ST STE #708, MOBILE, AL 36602-3600
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
$7,500,000
Peachtree Medical Center LLC
Peachtree Professional Group LLC
Warranty Deed
$8,225,000 · First Us Bank
May 29, 2009
—
Peachtree Prof Group LLC
—
Deed Of Trust
related
$4,695,081 · Rbc Bank
—
—
Peachtree Prof Group LLC
—
Deed Of Trust
related
$2,200,000 · First Community Bank
—
—
Peachtree Prof Group LLC
—
Deed Of Trust
related
$320,000 · First Gulf Bank
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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