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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
220 Professional Ct Gulf Shores, AL 36542-3522
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-1219294
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
2,956 SF
Lot
0.36 ac (15,780 SF)
APN
66-03-08-4-000-041.012
UPID
US03-1219294
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
-
NavSav Insurance - Gulf Shores Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$519k
Blend (final)
Blend
$545k
Owner & transaction history
Folsom Plaza LLC · 3 yrs held
Folsom Plaza LLC
since 2022
Last sale
$525,000
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 Gulf Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Shores 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
$610,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
MEDICAL BUILDING
$580,000
Change: -1% · Conversion: Easy
RETAIL STORES
$495,000
Change: -15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$485,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $525k (Oct 18 2022)
Last sale anchor
$525k
Oct 18 2022
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
$184 / 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
$3,313
Tax year 2023
Assessed value
$100,400
Assessed 2023
Previous assessed
$100,400
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$31,380
Assessed improvement
$69,020
Land market value
$156,900
Improvement market value
$345,100
Total market value
$502,000
Applied tax rate
8.0000
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
1984
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
8
Bathrooms
1
Total area
2,956 SF
Lot
0.36 ac (15,780 SF)
APN
66-03-08-4-000-041.012
UPID
US03-1219294
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
$580,000
MEDICAL BUILDING
Est. value
$580,000
RETAIL STORES
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$485,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Folsom Plaza LLC
Entity
Free & Clear · 3 yrs held
Mailing address
24525 MIFLIN RD, ELBERTA, AL 36530-6517
Ownership since
2022
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
Oct 18, 2022
$525,000
Folsom Plaza LLC
Jjm Land Co LLC
Warranty Deed
—
Sep 16, 2021
—
Jjm Land Co LLC
—
Deed
related
$267,000 · Trustmark National Bank
Aug 30, 2019
$330,000
Jjm Land Co LLC
Gulf Sand & Gravel INC
Warranty Deed
$280,500 · Smartbank
Oct 24, 2017
$420,000
Edward L Nemer
Nemer,edward L & Rexie M
Quit Claim Deed
related
$420,000 · Centennial Bk
Aug 2, 2012
—
Gulf Sand & Gravel INC
—
Trustees Deed
related
$1,000,000 · Centennial Bank
—
—
Gulf Sand & Gravel INC
—
Deed Of Trust
related
$400,000 · Centennial 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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