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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Medical Office Space
19450 Greeno Rd Fairhope, AL 36532-3887
Entity Owned
8-yr Hold
Free & Clear
Property ID
US03-1430236
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
WOOD
Total area
11,764 SF
Lot
1.46 ac (63,598 SF)
APN
46-05-21-0-000-016.005
UPID
US03-1430236
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
-
Fairhope OBGYN Physician
-
Surrogacy 4All - Surrogacy Agency in Fairhope Medical Clinic
-
Evans Leslie L MD Physician
-
Botros Peter Rizk, MD, MA, FRCOG, FRCS, HCLD, FACOG, FACS Physician
-
Dr. Megan Dimoff Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.81M
Owner & transaction history
Medical Park Land LLC · 8 yrs held
Medical Park Land LLC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+21.3%
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 Fairhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhope 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,345,000
6.5%
$2,165,000
7%
$2,010,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,300,000
Current use
OFFICE BUILDING
$2,790,000
Change: +21% · Conversion: Easy
RETAIL STORES
$1,975,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,935,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±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
$154 / 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
$19,299
Tax year 2023
Assessed value
$622,540
Assessed 2023
Previous assessed
$622,540
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$157,040
Assessed improvement
$465,500
Land market value
$785,200
Improvement market value
$2,327,500
Total market value
$3,112,700
Applied tax rate
23.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
11,764 SF
Lot
1.46 ac (63,598 SF)
APN
46-05-21-0-000-016.005
UPID
US03-1430236
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
MEDICAL BUILDING Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Medical Park Land LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 1045, FAIRHOPE, AL 36533-1045
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2017
$138,000
Medical Park Land LLC
Maples A Richard JR
Grant Deed
—
Feb 4, 2016
$72,500
Osprey Kommerzielle LLC
Breland,charles K JR
Warranty Deed
—
Sep 19, 2004
—
Charles K Breland JR.
Owner Name Unavailable
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.
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