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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Office buildings
24566 Perdido Bch Blvd Orange Beach, AL 36561-3037
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0748856
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
2,268 SF
Lot
0.45 ac (19,602 SF)
APN
65-04-18-0-000-020.002
UPID
US03-0748856
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
-
Nicholas Hehman - Goode Realty L.L.C. Real Estate Agency
-
Goode Realty Real Estate Agency
-
Tania Jones at Goode Realty Real Estate Agency
-
Mary Fran Hershiser, Goode Realty, Orange Beach Real Estate Agency
-
Sandra Walker Payne, Goode Realty, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$1.13M
Owner & transaction history
Th & Ra Investments LLC · 1 yrs held
Th & Ra Investments LLC
since 2025
Last sale
$1.2M
6 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
Method
Estimation
Statistic approach
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.20M (Mar 17 2025)
Last sale anchor
$1.20M
Mar 17 2025
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
$496 / 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
$5,746
Tax year 2023
Assessed value
$179,560
Assessed 2023
Previous assessed
$179,560
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$101,120
Assessed improvement
$78,440
Land market value
$505,600
Improvement market value
$392,200
Total market value
$897,800
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
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
1983
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,268 SF
Lot
0.45 ac (19,602 SF)
APN
65-04-18-0-000-020.002
UPID
US03-0748856
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
Year built
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Th & Ra Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3406 QUEENSBURG LN, FRIENDSWOOD, TX 77546-2240
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2025
$1,400,000
Th & Ra Investments LLC
Venture Solutions Group INC
Special Warranty Deed
—
Jun 17, 2025
$1,200,000
Venture Solutions Group INC
Th & Ra Investments LLC
Special Warranty Deed
—
Jun 24, 2021
$772,500
Th & Ra Investments LLC
Blue Gulf LLC
Warranty Deed
$618,000 · Century Bank
Mar 19, 2018
—
Blue Gulf LLC
—
Deed
related
$485,000 · Merchants & Marine Bank
Feb 22, 2010
$565,000
Blue Gulf L L C
Thomas M Marr JR
Warranty Deed
—
Feb 22, 2010
$500
Thomas M Marr JR.
Seaside Bch & Racquet Club Con
Quit Claim Deed
related
—
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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