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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Office buildings
22670 Main St Fairhope, AL 36532-8301
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-1206013
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
688 SF
Lot
4.66 ac (202,990 SF)
APN
46-03-07-0-000-017
UPID
US03-1206013
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
-
Montrose Bay Health and Rehab Nursing Home
-
Arabella Health & Wellness of Fairhope Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Fairhope Prop Co LLC · 2 yrs held
Fairhope Prop Co LLC
since 2023
Last sale
$2.1M
7 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
$2,220,000
ML approach
$2,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.11M (Aug 30 2023)
Last sale anchor
$2.11M
Aug 30 2023
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
$3,110 / 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
$25,856
Tax year 2023
Assessed value
$542,140
Assessed 2023
Previous assessed
$542,140
+0.0% YoY
Effective rate
4.77%
On assessed value
Assessed land
$175,880
Assessed improvement
$366,260
Land market value
$1,423,092
Improvement market value
$2,963,508
Total market value
$4,386,600
Applied tax rate
63.0000
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Rooms
53
Bathrooms
3
Total area
688 SF
Lot
4.66 ac (202,990 SF)
APN
46-03-07-0-000-017
UPID
US03-1206013
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
53
Bathrooms
3
Lot
4.66 ac
Current owner
From public records · entity-resolved
Fairhope Prop Co LLC
Entity
Mailing address
16690 COLLINS AVE STE #804, SUNNY ISLES BEACH, FL 33160-5685
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Arabella Health & Wellness Of Fairh
—
Deed
related
$111,000,000 · Glas Americas LLC
Aug 30, 2023
$2,111,301
Fairhope Prop Co LLC
22670 Main Street LLC
Special Warranty Deed
$79,000,000 · Oxford Finance LLC
Jan 17, 2020
$3,800,000
22670 Main Street LLC
Montrose Bay Al Snf Realty LLC
Grant Deed
$51,069,000 · Arbor Realty SR
Apr 9, 2018
$33,895,500
Montrose Bay Al Snf Realty LLC
Smv Montrose Bay LLC
Trustees Deed
$33,400,000 · Greystone Svcg
Mar 8, 2018
—
Smv Monrose Bay LLC
—
Deed
related
$2,763,665 · Israel Discount Bk/ny
Oct 31, 2016
—
Smv Montrose Bay LLC
—
Deed
related
$710,000,000 · Deutsche Bk Ag
Jul 14, 2014
—
Smv Montrose Bay LLC
—
Grant Deed
related
$700,000,000 · German Am Cap
Mar 28, 2005
$470,000
Smv Montrose Bay LLC
Living Centers East INC
Warranty Deed
$820,000,000 · Column Financial INC
—
—
Smv Montrose Bay LLC
—
Deed Of Trust
related
$710,000,000 · Deutsche Bk Ag
—
—
Smv Monrose Bay LLC
—
Deed Of Trust
related
$2,763,665 · Israel Discount Bk/ny
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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