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Property profile & analytics
OFF-MARKET
Commercial land
24325 Perdido Bch Blvd Orange Beach, AL 36561-6097
Individually Owned
2-yr Hold
Free & Clear
Property ID
US03-2231756
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
24 ac (1,045,440 SF)
APN
65-04-18-0-000-003.005
UPID
US03-2231756
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
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Brian Pugh | Brett Robinson Real Estate Agent Real Estate Agency
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John H Cline Real Estate Agency
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Constance Calambakas, Realtor® Brett/Robinson Sales Real Estate Agency
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Brett/Robinson Real Estate Sales Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas E Brett · 2 yrs held
Thomas E Brett
since 2023
5 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,261
Tax year 2023
Assessed value
$664,420
Assessed 2023
Previous assessed
$664,420
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$664,420
Land market value
$3,322,100
Total market value
$3,322,100
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
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
24 ac (1,045,440 SF)
APN
65-04-18-0-000-003.005
UPID
US03-2231756
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
Heating
NONE
Lot
24 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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
—
Thomas E Brett
Saraland Complex LLC
Warranty Deed
—
Feb 27, 2019
$3,707,500
Saraland Complex LLC
Brett Tillis M
Warranty Deed
—
—
—
Saraland Complex LLC
—
Deed Of Trust
related
$5,000,000 · Centennial Bk
—
—
Tillis M Brett
—
Deed Of Trust
related
—
—
—
Tillis M Brett
—
Deed Of Trust
related
$1,500,000 · United Forming INC
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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