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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office buildings
24037 Perdido Bch Blvd Orange Beach, AL 36561-6033
Entity Owned
13-yr Hold
Free & Clear
Property ID
US03-0704321
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
5,622 SF
Lot
0.82 ac (35,719 SF)
APN
65-04-18-0-000-007.010
UPID
US03-0704321
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
-
Jackie Jabour Gulf Shores & Orange Beach Realtor Real Estate Agency
-
Susan Shallow, RE/MAX Paradise Real Estate Agency
-
Kim Hoyt, RE/MAX Paradise Real Estate Agency
-
Lee Mason, RE/MAX Paradise Real Estate Agency
-
Matthew J Welch | RE/MAX Paradise Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.19M
Owner & transaction history
Paradise Results LLC · 13 yrs held
Paradise Results LLC
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+69.4%
Restaurant
$1.7M
+68.0%
Medical building
$1.1M
+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 Orange Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Beach 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%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,020,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,730,000
Change: +69% · Conversion: Easy
RESTAURANT
$1,715,000
Change: +68% · Conversion: Moderate
MEDICAL BUILDING
$1,100,000
Change: +8% · Conversion: Easy
RETAIL STORES
$945,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$925,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$211 / 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
$11,101
Tax year 2023
Assessed value
$341,640
Assessed 2023
Previous assessed
$341,640
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$127,740
Assessed improvement
$213,900
Land market value
$638,700
Improvement market value
$1,069,500
Total market value
$1,708,200
Applied tax rate
13.0000
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
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
5,622 SF
Lot
0.82 ac (35,719 SF)
APN
65-04-18-0-000-007.010
UPID
US03-0704321
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
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$925,000
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Paradise Results LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 1144, GULF SHORES, AL 36547-1144
Ownership since
2012
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
Dec 9, 2019
—
Paradise Results LLC
—
Deed
related
$1,445,000 · Whitney Bank
Aug 27, 2012
$840,000
Paradise Results LLC
Romar Lakes 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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