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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Apartment buildings
19664 36th Ave, Gulf Shores, AL 36542-2790
Entity Owned
15-yr Hold
Free & Clear
Property ID
US03-0179906
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Total area
9,332 SF
Lot
12 ac (522,720 SF)
APN
66-03-05-1-001-017.001
UPID
US03-0179906
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
-
Life Of Victory Evangelical Ministry Church
-
Sea Cove Apartments Apartment Building
-
Magnolia Bay Apartments Apartment Building
-
Solano Barroso Carpentry General Contractor
-
Homebuilt Shadow Customz Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$851k
Blend (final)
Blend
$1.03M
Owner & transaction history
Sea Cove LLC · 15 yrs held
Sea Cove LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,170,000
7%
$1,085,000
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$110 / 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
$110,218
Tax year 2023
Assessed value
$3,339,940
Assessed 2023
Previous assessed
$3,339,940
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed improvement
$3,339,940
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Buildings
13
Stories
2
Bathrooms
18
Total area
9,332 SF
Lot
12 ac (522,720 SF)
APN
66-03-05-1-001-017.001
UPID
US03-0179906
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
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
13
Bathrooms
18
Lot
12 ac
Current owner
From public records · entity-resolved
Sea Cove LLC
Entity
Free & Clear · 15 yrs held
Mailing address
2275 GRN SPGS HWY S, BIRMINGHAM, AL 35205-6809
Ownership since
2011
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
Jan 19, 2011
$3,300,000
Sea Cove LLC
Municipal Realty Corp
Warranty Deed
—
Mar 17, 2010
$3,500,000
Municipal Realty Corp
Auctioneer Of Baldwin County
Trustees Deed
—
Mar 1, 2010
$3,500,000
Municipal Holdings LLC
Auctioneer Of Baldwin County
Trustees Deed
related
—
—
—
Sea Cove LLC
—
Deed Of Trust
related
$2,800,000 · National Bank Commerce Tr & Sa
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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