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Financial
Distress signals
Property profile

21040 Miflin Rd 1 & 2 Foley, AL 36535

FOR LEASE
Other investment properties
Property ID
US03-0912815
12,304 SF 1.53 ac lot Built 2006
Last sale Jul 2025 · $1,720,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This retail offering is located within an 11-unit commercial complex at the intersection of James Road and Miflin Road (County Road 20), due south of the Foley Indoor Athletic building, Foley Soccer Fields, and OWA. The space comprises Units 1 and 2, each measuring 1,200 square feet, which can be leased individually or combined to create 2,400 square feet of contiguous retail area. The complex includes a mix of existing service and retail businesses such as dining, therapy, professional…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$416k
Assessed improvement$416k
Effective rate3.30%

Value estimate

· Oct 2026
$540k
$486k – $594k
CAP approach$1.76M
Submarket $/SF estimate$2.17M
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 759.56% cap applied$26k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$73 – $183
Qualifying comparables4

Cap rate analysis

How does the asset earn?
759.56%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBALDWIN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.0
Locksmith8.7
Law Firm8.6

Location

21040 Miflin Rd, Unit 1 & 2 Foley, AL 36535
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10062 Tony, Foley, AL 36535-9272 $1,700,000 Jun 2025 7,922 SF
2654 Mckenzie, Foley, AL 36535-3408 $650,000 Dec 2024 7,402 SF
619 Laurel, Foley, AL 36535-3301 $1,100,000 Apr 2024 7,308 SF
151 9th, Foley, AL 36535-1718 $4,795,000 Aug 2021 20,850 SF
620 Mckenzie, Foley, AL 36535-3529 $599,000 Jul 2021 9,634 SF
3820 Mckenzie, Foley, AL 36535-3716 $1,600,000 Sep 2019 6,169 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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