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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Investment properties
2127 Hickory St Loxley, AL 36551-2411
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US03-0265031
Property summary
AI-generated overview
This exceptional retail opportunity presents a 9,000 square foot strip center situated on Highway 59 in Loxley, Alabama, within Baldwin County. Built in 2007, the single-story building sits on a 0.63-acre lot and currently features multiple tenants. A significant portion of the property, totaling 3,000 square feet, is currently vacant and available for lease. This space offers considerable potential for a variety of retail uses. Previously occupied by a television station, this section includes four offices, a conference area, a reception area, and a break room. The existing office furniture may be available for use by the new tenant. The lease includes water, sewer, and trash services provided by the City of Loxley
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2008
Total area
9,388 SF
Lot
0.62 ac (27,000 SF)
APN
42-02-10-4-001-004
UPID
US03-0265031
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
-
Ashleigh Mooney - State Farm Insurance Agent Insurance Agency
-
Detangle Dog Retreat Kennel & Boarding Facility
-
Liberty Tax Service Accounting Firm Tax Preparation
-
Detangle Dog Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.34M
Owner & transaction history
Atcen LLC · 12 yrs held
Atcen LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+18.8%
Office building
$1.7M
+10.3%
Retail stores
$1.6M
+1.9%
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 Loxley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loxley 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%
$1,450,000
6.5%
$1,340,000
7%
$1,240,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,545,000
Current use
MEDICAL BUILDING
$1,835,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$1,705,000
Change: +10% · Conversion: Easy
RETAIL STORES
$1,575,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$142 / 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
$5,394
Tax year 2023
Assessed value
$145,780
Assessed 2023
Previous assessed
$145,780
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed improvement
$145,780
Applied tax rate
9.0000
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
2008
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
7
Total area
9,388 SF
Lot
0.62 ac (27,000 SF)
APN
42-02-10-4-001-004
UPID
US03-0265031
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
$1.5M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE 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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
7
Lot
0.62 ac
Current owner
From public records · entity-resolved
Atcen LLC
Entity
Mailing address
PO BOX 9TH 9, JACKSON, AL 36545-0009
Ownership since
2013
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
Aug 20, 2013
$575,500
Atcen LLC
Bst LLC
Warranty Deed
$575,000 · Merchants Bank
Mar 3, 2010
$450,000
Bst LLC
Platt Investments LLC
Warranty Deed
—
Sep 10, 2007
—
Platt Investments LLC
Platt,w M JR & Nona D
Quit Claim Deed
$475,000 · Compass Bank
—
—
Atcen LLC
—
Deed Of Trust
related
$575,000 · Merchants 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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