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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Office buildings
24325 Perdido Bch Blvd Orange Beach, AL 36561-6097
Individually Owned
2-yr Hold
Free & Clear
Property ID
US03-0144270
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
8,963 SF
Lot
0.9 ac (39,204 SF)
APN
65-04-18-0-000-003.006
UPID
US03-0144270
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
-
Patrick Nelson Real Estate Real Estate Agency
-
Brian Pugh | Brett Robinson Real Estate Agent Real Estate Agency
-
John H Cline Real Estate Agency
-
Constance Calambakas, Realtor® Brett/Robinson Sales Real Estate Agency
-
Brett/Robinson Real Estate Sales Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.29M
Owner & transaction history
Thomas E Brett · 2 yrs held
Thomas E Brett
since 2023
Last sale
$899,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+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
$1,205,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
$1,860,000
6.5%
$1,715,000
7%
$1,595,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,625,000
Current use
MEDICAL BUILDING
$1,750,000
Change: +8% · Conversion: Easy
RETAIL STORES
$1,505,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,475,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $899k (Sep 4 2020)
Last sale anchor
$899k
Sep 4 2020
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
$144 / 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
$17,362
Tax year 2023
Assessed value
$542,560
Assessed 2023
Previous assessed
$542,560
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$200,280
Assessed improvement
$342,280
Land market value
$1,001,400
Improvement market value
$1,711,400
Total market value
$2,712,800
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
2000
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
8,963 SF
Lot
0.9 ac (39,204 SF)
APN
65-04-18-0-000-003.006
UPID
US03-0144270
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
$1.6M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Thomas E Brett
Individual
Free & Clear · 2 yrs held
Mailing address
24325 PERDIDO BCH BLVD, ORANGE BEACH, AL 36561-6097
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
—
Thomas E Brett
Saraland Complex LLC
Warranty Deed
—
Jan 27, 2021
—
Saraland Complex LLC
—
Deed
related
$5,000,000 · Centennial Bk
Dec 11, 2020
$930,000
Paul D Guidotti
Phoenix Gulf Towers LLC
Grant Deed
—
Dec 11, 2020
—
Paul D Guidotti
Phoenix Gulf Towers LLC
Grant Deed
related
—
Nov 5, 2020
$725,000
Phoenix Gulf Towers LLC
Nancy J Brett
Grant Deed
—
Nov 5, 2020
—
Phoenix Gulf Towers LLC
Jeffrey K Gilchrist
Grant Deed
related
—
Jun 29, 2020
—
Saraland Complex LLC
—
Deed
related
$535,439 · Centennial Bk
Feb 27, 2019
$3,707,500
Saraland Complex LLC
Brett Tillis M
Warranty Deed
—
Oct 18, 2017
—
Brett R & E Robinson Dev Co INC
—
Deed
related
$3,700,000 · Centennial Bk
—
—
Brett R/e Robinson Dev Co INC
—
Deed Of Trust
related
$3,200,000 · Centennial Bank
—
—
Saraland Complex LLC
—
Deed Of Trust
related
$535,439 · Centennial Bk
—
—
Brett R & E Robinson Dev Co INC
—
Loan Modification
related
$3,700,000 · Centennial Bk
—
—
Brett R/e Robinson Dev Co INC
—
Deed Of Trust
related
$382,996 · Rbc 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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