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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Investment properties
205 Fairhope Ave Fairhope, AL 36532-2337
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0412077
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1997
Total area
6,497 SF
Lot
0.26 ac (11,326 SF)
APN
46-03-37-0-006-037.505
UPID
US03-0412077
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
-
Baldwin County Properties Inc Real Estate Agency
-
Stifel Nicolaus & Co Inc Financial Advisor
-
Tony Thagard Photography Photography Service (Bike/Boat/Book/etc) Store
-
Legacy Real Estate & Development Real Estate Agency
-
Legacy Real Estate & Development, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.52M
Owner & transaction history
Mobama LLC · 5 yrs held
Mobama LLC
since 2020
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+86.8%
Restaurant
$2.0M
+85.3%
Office building
$1.5M
+44.1%
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%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,070,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Change: +87% · Conversion: Moderate
RESTAURANT
$1,980,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$1,270,000
Change: +19% · Conversion: Easy
RETAIL STORES
$1,090,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.62M (Oct 27 2020)
Last sale anchor
$1.62M
Oct 27 2020
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
$233 / 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
$12,357
Tax year 2023
Assessed value
$268,620
Assessed 2023
Previous assessed
$268,620
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$168,280
Assessed improvement
$100,340
Land market value
$841,400
Improvement market value
$501,700
Total market value
$1,343,100
Applied tax rate
63.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
5
Total area
6,497 SF
Lot
0.26 ac (11,326 SF)
APN
46-03-37-0-006-037.505
UPID
US03-0412077
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.26 ac
Current owner
From public records · entity-resolved
Mobama LLC
Entity
Free & Clear · 5 yrs held
Mailing address
200 N BAYVIEW ST, FAIRHOPE, AL 36532-2506
Ownership since
2020
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
Oct 27, 2020
$1,615,000
Mobama LLC
Gator Wood Properties LLC
Warranty Deed
—
Oct 27, 2020
—
Wood Properties LLC
Sandra G Robinson
Correction Deed
related
—
May 31, 2011
$655,000
Gator Wood Properties LLC
Robinson,sandra G
Grant Deed
$145,000 · Iberiabank
—
—
Joann B Gresham
—
Deed Of Trust
related
$200,000 · Compass 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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