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    2127 Hickory St Loxley, AL 36551-2411
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    Property profile & analytics

    2127 Hickory St, Loxley, AL 36551-2411

    View on Map
    • Investment properties
    • 9,388 SF
    • 0.62 lot acres
    Off-Market
    Property ID
    US03-0265031
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 2127 Hickory St

    Year built
    2008
    Lot size
    0.62 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    42-02-10-4-001-004
    APU
    4202104001004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 20, 2013 $575,500 Atcen LLC Bst LLC Warranty Deed $575k · 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 $475k · Compass Bank
    — — Atcen LLC — Deed Of Trust · related $575k · Merchants Bank

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,450,000
      6.5%
      $1,340,000
      7%
      $1,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,579,000
      Market price range: $686k - $2.90M
      AI Estimate
      $1,084,000
      Market price range: $319k - $1.65M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Loxley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7534
    Latitude
    30.6248
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,394
    $0.00
    $145,780
    $145,780
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      Loxley, AL 36551

      STORE/OFFICE (MIXED USE)
      Loxley, AL 36551
      View Details
    • Value Estimation
      $1,685,000
      13,164 SF

      3300 Hickory St

      STORE/OFFICE (MIXED USE)
      3300 Hickory St, Loxley, AL 36551-4530
      View Details
    • Value Estimation by Request
      1,916 SF

      State Hwy 59th S

      STORE/OFFICE (MIXED USE)
      State Hwy 59th S, Loxley, AL 36551
      View Details
    • Value Estimation by Request
      3,258 SF

      30041 State Hwy 59

      STORE/OFFICE (MIXED USE)
      30041 State Hwy 59, Loxley, AL 36551-3103
      View Details
    • Value Estimation
      $1,790,000
      15,694 SF

      30181 State Hwy 59

      STORE/OFFICE (MIXED USE)
      30181 State Hwy 59, Loxley, AL 36551-3154
      View Details
    • Value Estimation by Request
      1,907 SF

      5101 Hickory St

      STORE/OFFICE (MIXED USE)
      5101 Hickory St, Loxley, AL 36551-4575
      View Details

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      Loxley Land Parcel For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with High Visibility

      Versatile space ideal for QSR or fast-casual restaurant operation.
      13051 N Hickory St, Loxley, AL 36551
      View Details
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      Loxley Industrial Building For Rent

      43,500 SF industrial building with frontage on Hwy 59.
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      View Details
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    Loxley, AL 36551-2411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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