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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Grocery and convenience stores
21485 State Hwy 59 Robertsdale, AL 36567-6707
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US03-1294490
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2007
Total area
4,304 SF
Lot
1.57 ac (68,389 SF)
APN
48-03-07-0-000-011.002
UPID
US03-1294490
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$635k
Owner & transaction history
Ladas Land & Dev INC · 20 yrs held
Ladas Land & Dev INC
since 2005
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$785,000
+478.4%
Auto repair, garage
$445,000
+226.8%
Retail stores
$435,000
+221.5%
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 Robertsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Robertsdale 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$785,000
Change: +478% · Conversion: Moderate
AUTO REPAIR, GARAGE
$445,000
Change: +227% · Conversion: Difficult
RETAIL STORES
$435,000
Change: +222% · Conversion: Easy
MEDICAL BUILDING
$405,000
Change: +198% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$148 / 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
$10,654
Tax year 2023
Assessed value
$295,940
Assessed 2023
Previous assessed
$295,940
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$105,700
Assessed improvement
$190,240
Land market value
$528,500
Improvement market value
$951,200
Total market value
$1,479,700
Applied tax rate
10.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
4,304 SF
Lot
1.57 ac (68,389 SF)
APN
48-03-07-0-000-011.002
UPID
US03-1294490
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
OFFICE BUILDING
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$445,000
RETAIL STORES
Est. value
$435,000
MEDICAL BUILDING
Est. value
$405,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Ladas Land & Dev INC
Entity
Mailing address
PO BOX 1287, TEMPLE, TX 76503-1287
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2005
$475,000
Ladas Land & Dev INC
59 South Properties LLC
Warranty Deed
$375,000 · Southtrust Bk/east Point
—
—
Ladas Dev INC
—
Deed Of Trust
related
$291,287 · Whitney Bk
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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