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Property profile & analytics
OFF-MARKET
Medical Office Space
21765 State Hwy 181st Ste 101 Fairhope, AL 36532-6157
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US03-3160175
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
WOOD
Total area
5,742 SF
Lot
1.56 ac (67,954 SF)
APN
46-02-10-0-000-030.002
UPID
US03-3160175
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Smiles LLC · 1 yrs held
Smiles LLC
since 2025
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,085
Tax year 2023
Assessed value
$196,280
Assessed 2023
Previous assessed
$196,280
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$16,300
Assessed improvement
$179,980
Land market value
$81,500
Improvement market value
$899,900
Total market value
$981,400
Applied tax rate
23.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,742 SF
Lot
1.56 ac (67,954 SF)
APN
46-02-10-0-000-030.002
UPID
US03-3160175
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
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Smiles LLC
Entity
Mailing address
119 ORANGE AVE, FAIRHOPE, AL 36532-1206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
$2,000,000
Smiles LLC
Rmda LLC
Warranty Deed
$2,000,000 · Bank Of America NA
Apr 22, 2008
$180,000
Mark D Andrade
Brookins,a Henry & Jamie
Warranty Deed
—
Oct 17, 2006
$288,230
A Henry Brookins
Mills,michael A & Keynethia W
Warranty Deed
$140,230 · Navy FCU
Oct 7, 2004
$119,500
Michael A Mills
Mattingly,joyce
Warranty Deed
$89,500 · Mortgage America
—
—
Wanda W Beasley
—
Deed Of Trust
related
$100,000 · Amsouth 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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