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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office buildings
21883 State Hwy 181 Fairhope, AL 36532-5286
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-1325467
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
7,625 SF
Lot
1.32 ac (57,499 SF)
APN
46-02-10-0-000-030.126
UPID
US03-1325467
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
$1.46M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.22M
Owner & transaction history
Kbo Holding LLC · 5 yrs held
Kbo Holding LLC
since 2021
Last sale
$30,000
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,810,000
Current use
MEDICAL BUILDING
$1,490,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $30k (Jan 19 2021)
Last sale anchor
$30k
Jan 19 2021
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
$160 / 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
$7,144
Tax year 2023
Assessed value
$230,460
Assessed 2023
Previous assessed
$230,460
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$19,740
Assessed improvement
$210,720
Land market value
$155,566
Improvement market value
$1,660,634
Total market value
$1,816,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Rooms
8
Bathrooms
2
Total area
7,625 SF
Lot
1.32 ac (57,499 SF)
APN
46-02-10-0-000-030.126
UPID
US03-1325467
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 Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING Current
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
8
Bathrooms
2
Lot
1.32 ac
Current owner
From public records · entity-resolved
Kbo Holding LLC
Entity
Mailing address
21883 STATE HWY 181ST D STE D, FAIRHOPE, AL 36532-5287
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2021
$30,000
Kbo Holding LLC
Roberds Bros LLC
Warranty Deed
related
$450,000 · Hancock Whitney Bk
Aug 21, 2019
—
Roberds Bros LLC
—
Trustees Deed
related
$790,500 · Private Individual
Jul 3, 2017
$314,400
Roberds Bros LLC
Southern Images LLC
Warranty Deed
$266,900 · First NA
Aug 10, 2015
$25,000
Southern Images LLC
Beasley,wanda L
Warranty Deed
—
Jul 15, 2015
$12,500
Mark D Andrade
Beasley,wanda
Warranty Deed
—
—
—
Southern Images LLC
—
Deed Of Trust
related
$240,000 · Bryant 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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