Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24847 Commercial Ave Orange Beach, AL 36561-3845
    Property profile & analytics

    24847 Commercial Ave, Orange Beach, AL 36561-3845

    View on Map
    • Banks
    • 6,462 SF
    • 1.35 lot acres
    Off-Market
    Property ID
    US03-3119500
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bryant Bank / Bank / Loan Service
    • Williamson Air Conditioning Company / HVAC Service / General Contractor
    • Pacific Plastics Int / Factory / Production Facility

    Property Details for 24847 Commercial Ave

    Year built
    1997
    Lot size
    1.35 lot acres
    Property type
    Banks
    APN
    65-03-06-0-000-002.004
    APU
    6503060000002004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 22, 2017 $1,500,000 Bryant Bk Turquoise One LLC Warranty Deed · related —
    Jun 12, 2014 $550,000 Turquoise One LLC Heritage First Bancshares INC Warranty Deed —
    Dec 9, 2011 $50,000 Heritage First Bancshares INC Heritage First Bk Warranty Deed · related —
    Jul 7, 2008 — Heritage First Bk Heritage First Bancshares Quit Claim Deed · related —
    Jun 26, 2007 $100,000 Heritage First Bank Heritage First Bancshares Warranty Deed · related —
    Jan 18, 2006 $1,775,000 Heritage First Bank Chiang,kwok C Warranty Deed · related —
    Nov 17, 2005 — Kwok C Chiang — Trustees Deed · related $1.4M · Heritage First Bank
    Jan 24, 2005 $1,057,100 Kwok C Chiang Qualified Exchange Titleholder Warranty Deed $846k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $676,000
      Market price range: $427k - $677k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $530,000
      Current use
      RETAIL STORES
      $765,000
      Change: +44% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $690,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $665,000
      Change: +26% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $645,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $605,000
      Change: +14% Conversion: Difficult
      RESTAURANT
      $505,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orange Beach
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.5987
    Latitude
    30.2909
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,812
    $162,500
    $331,640
    $494,140
    -
    $812,500
    $1,658,200
    $2,470,700

    Comparable in this City

    • Value Estimation
      $720,000
      8,766 SF

      25051 Canal Rd

      FINANCIAL BUILDING
      25051 Canal Rd, Orange Beach, AL 36561-3812
      View Details
    • Value Estimation by Request
      3,799 SF

      25411 Perdido Bch Blvd

      FINANCIAL BUILDING
      25411 Perdido Bch Blvd, Orange Beach, AL 36561
      View Details
    • Value Estimation
      $805,000
      10,244 SF

      25556 Canal Rd

      FINANCIAL BUILDING
      25556 Canal Rd, Orange Beach, AL 36561
      View Details
    • Value Estimation by Request
      2,487 SF

      24254 Canal Rd

      FINANCIAL BUILDING
      24254 Canal Rd, Orange Beach, AL 36561-5815
      View Details
    • Value Estimation by Request
      3,949 SF

      4151 Orange Bch Blvd

      FINANCIAL BUILDING
      4151 Orange Bch Blvd, Orange Beach, AL 36561-3401
      View Details
    • Value Estimation by Request
      4,382 SF

      4100 Orange Bch Blvd, Unit 1

      FINANCIAL BUILDING
      4100 Orange Bch Blvd, Orange Beach, AL 36561-3496
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,170 SF

      Turn-Key Smart Bar Opportunity

      Smart Bar in The Wharf with 39 beers on tap.
      4851 Wharf Pkwy, Orange Beach, AL 36561
      View Details
    • Contact for pricing
      13,000 SF

      Retail Property For Sale

      Retail property with long operating history in a growing area.
      24369 Canal Rd, Orange Beach, AL 36561
      View Details
    • Contact for pricing

      Orange Beach Commercial Property For Sale

      Well-maintained 4,080 SF commercial property on 1.37 acres.
      25472 Canal Rd, Orange Beach, AL 36561
      View Details
    • Contact for pricing

      Prime Commercial Asset on Perdido Beach

      Dual-income property on 2.1 acres in the heart of Orange Beach.
      24951 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • Contact for pricing

      Versatile Commercial Property on Canal

      Well-maintained 4,080 SF commercial property on 1.37 acres.
      25472 Canal Rd, Orange Beach, AL 36561
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,497 SF

      Prime Retail Space in Orange Beach

      High-visibility retail space in the heart of Orange Beach, AL.
      25601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • Contact for pricing
      417,720 SF

      The Wharf: Prime Office Space

      Gulf Coast Office, 104 sq ft Available
      23101 Canal Rd, Orange Beach, AL 36561
      View Details
    • Contact for pricing

      Commercial Sites at The Wharf

      Commercial sites available for ground lease at The Wharf.
      23101 Canal Rd, Orange Beach, AL 36561
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24847 Commercial Ave
    Orange Beach, AL 36561-3845
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24847 Commercial Ave, Orange Beach, AL, 36561
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!