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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Office buildings
23280 County Rd 65 Robertsdale, AL 36567-6155
Entity Owned
16-yr Hold
Free & Clear
Property ID
US03-1037619
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Construction
WOOD
Total area
15,017 SF
Lot
3.95 ac (172,062 SF)
APN
41-09-31-3-000-004.001
UPID
US03-1037619
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
$2.88M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.94M
Owner & transaction history
Baldwin Cnty Assn Of Realtors INC · 16 yrs held
Baldwin Cnty Assn Of Realtors INC
since 2010
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.6M
+69.4%
Restaurant
$4.6M
+68.0%
Medical building
$2.9M
+7.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,115,000
6.5%
$2,875,000
7%
$2,670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,725,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,615,000
Change: +69% · Conversion: Easy
RESTAURANT
$4,580,000
Change: +68% · Conversion: Moderate
MEDICAL BUILDING
$2,935,000
Change: +8% · Conversion: Easy
RETAIL STORES
$2,520,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,470,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±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
$196 / 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
$12,099
Tax year 2023
Assessed value
$336,080
Assessed 2023
Previous assessed
$336,080
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$41,680
Assessed improvement
$294,400
Land market value
$208,400
Improvement market value
$1,472,000
Total market value
$1,680,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
15,017 SF
Lot
3.95 ac (172,062 SF)
APN
41-09-31-3-000-004.001
UPID
US03-1037619
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
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
RESTAURANT
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2010
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.95 ac
Current owner
From public records · entity-resolved
Baldwin Cnty Assn Of Realtors INC
Entity
Free & Clear · 16 yrs held
Mailing address
23280 COUNTY RD 65, ROBERTSDALE, AL 36567-6155
Ownership since
2010
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
Jan 5, 2010
$320,000
Baldwin Cnty Assn Of Realtors INC
Baldwin Cnty Assn Of Realtors Mul
Warranty Deed
related
—
Aug 28, 2008
$460,000
Baldwin Cnty Assn Of Realtors Mul
Robertsdale Self Storage LLC
Warranty Deed
—
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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