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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
245 Clubhouse Dr Gulf Shores, AL 36542-3415
Entity Owned
17-yr Hold
Free & Clear
Property ID
US03-3061587
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
3,219 SF
Lot
0.37 ac (16,117 SF)
APN
66-03-08-4-000-050.049
UPID
US03-3061587
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
-
Gulf Shores Dentist Dental Office
-
Wayne T. Martin, D.D.S. and Conor J Rutledge D.M.D., PC Dental Office
-
Farrior Olin F DDS Dental Office
-
Dr. Conor Rutledge Dental Office
-
Martin and Rutledge Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$360k
Blend (final)
Blend
$505k
Owner & transaction history
Bulldog LLC · 17 yrs held
Bulldog LLC
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$635,000
+0.7%
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 Gulf Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Shores 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
$325,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
OFFICE BUILDING
$635,000
Change: +1% · Conversion: Easy
RETAIL STORES
$540,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$157 / 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
$4,253
Tax year 2023
Assessed value
$128,880
Assessed 2023
Previous assessed
$128,880
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$45,260
Assessed improvement
$83,620
Land market value
$226,300
Improvement market value
$418,100
Total market value
$644,400
Applied tax rate
8.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
3,219 SF
Lot
0.37 ac (16,117 SF)
APN
66-03-08-4-000-050.049
UPID
US03-3061587
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
MEDICAL BUILDING Current
Est. value
$630,000
OFFICE BUILDING
Est. value
$635,000
RETAIL STORES
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$530,000
MEDICAL BUILDING Current
OFFICE 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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Bulldog LLC
Entity
Free & Clear · 17 yrs held
Mailing address
628 GLN EAGLES AVE, GULF SHORES, AL 36542-9036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2020
—
Bulldog LLC
—
Deed
related
$250,000 · Centerstate Bank NA
Jun 8, 2009
$348,500
Bulldog LLC
Martin,wayne T
Warranty Deed
—
Apr 21, 2008
$185,500
Wayne T Martin
Martin Living Trust
Warranty Deed
related
—
Sep 23, 2005
—
Martin Trust
—
Trustees Deed
related
$152,000 · First Gulf Bank
May 28, 2004
$327,500
Martin Trust
Martin,wayne T
Warranty Deed
related
—
—
—
Wayne T Martin
—
Deed Of Trust
related
$150,000 · Citizens Federal Bank Fsb
—
—
Wayne T Martin
—
Deed Of Trust
related
$150,000 · Citizens Federal Bank Fsb
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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