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    Property profile & analytics

    2500 Boddie Ln Gulf Shores, AL 36542-4128

    • Apartment buildings
    • 6,773 SF
    • 9.00 lot acres
    OFF-MARKET
    Value Estimation
    $5,145,000
    Last Sale
    Apr 29, 2022
    $4,664,000
    Location Intelligence
    Property ID
    US03-1050604
    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.

    Current Use by Public Records

    • Peppertree Apartments I & II / Apartment Rental Agency
    • Crosses By The Sea / Gift Shop

    Property Details for 2500 Boddie Ln

    Year built
    1998
    Lot size
    9.00 lot acres
    Property size
    6,773 SF
    Property type
    Apartment buildings
    APN
    66-04-18-2-000-005
    APU
    6604182000005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,930,000
      6.5%
      $4,910,000
      7%
      $4,855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,980,000
      Geo Method
      $5,160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,430,000
      Retail
      $4,840,000
      Mixed-Use
      $5,335,000
      Hospitality
      $4,435,000
      Educational
      $5,235,000
      Residential Income
      $3,975,000
      Energy
      $4,330,000
      Income-Based Land
      $3,980,000
      Food Service
      $4,160,000

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7119
    Latitude
    30.2612
    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
    $51,255
    $0.00
    $1,537,640
    $1,537,640
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      27,641 SF

      6870 Foley Bch Expy

      APARTMENT HOUSE (5+ UNITS) • 27,641 SF
      6870 Foley Bch Expy, Gulf Shores, AL 36542
      View Details
    • Value Estimation by Request
      6,635 SF

      21298 Cotton Crk Dr

      APARTMENT HOUSE (5+ UNITS) • 6,635 SF
      21298 Cotton Crk Dr, Gulf Shores, AL 36542-9129
      View Details
    • Value Estimation by Request
      10,299 SF

      21300 Cotton Crk Dr

      APARTMENT HOUSE (5+ UNITS) • 10,299 SF
      21300 Cotton Crk Dr, Gulf Shores, AL 36542-9136
      View Details
    • Value Estimation
      $675,000
      17,656 SF

      1695 Regency Rd

      APARTMENT HOUSE (5+ UNITS) • 17,656 SF
      1695 Regency Rd, Gulf Shores, AL 36542-3614
      View Details
    • Value Estimation by Request
      4,577 SF

      120 10th St, Unit 2

      APARTMENT HOUSE (5+ UNITS) • 4,577 SF
      120 10th St, Gulf Shores, AL 36542-6250
      View Details
    • Value Estimation by Request
      9,332 SF

      19664 36th Ave

      APARTMENT HOUSE (5+ UNITS) • 9,332 SF
      19664 36th Ave, Gulf Shores, AL 36542-2790
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Corner office suite in established Gulf Shores business park.
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      View Details
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      Class A office space available in Gulf Shores, Alabama.
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      Office or Retail Space Available

      Office or retail space in newer building for lease.
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      Gulf Shores Office Space For Lease

      Prime Gulf Shores location, affordable offices.
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      Gulf Shores Office Space For Lease

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      View Details
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    Gulf Shores, AL 36542-4128
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    Realmo Value Estimation

    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.

    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.

    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
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