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Property profile & analytics
OFF-MARKET
Estimated value
$9,875,000
Grocery and convenience stores
2614 Mckenzie St, Foley, AL 36535-3408
Entity Owned
Free & Clear
Property ID
US03-1713478
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2019
Total area
50,893 SF
Lot
7 ac (304,920 SF)
APN
61-03-05-4-001-004
UPID
US03-1713478
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
-
Publix Pharmacy at Riviera Square Pharmacy
-
Primo Water Refill Big Box & Wholesale Store
-
Publix Super Market at Riviera Square Bakery Specialty Food Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.43M
Comparable Approach
Comparable
$12.68M
Blend (final)
Blend
$9.88M
Owner & transaction history
Psm Alabama Holdings LLC
Psm Alabama Holdings LLC
since 2026
Last sale
$10.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.6M
+80.1%
Restaurant
$15.5M
+78.7%
Medical building
$10.0M
+14.6%
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 Foley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Foley 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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,125,000
6.5%
$8,425,000
7%
$7,825,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,685,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,645,000
Change: +80% · Conversion: Difficult
RESTAURANT
$15,525,000
Change: +79% · Conversion: Easy
MEDICAL BUILDING
$9,950,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$8,100,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$9.88M
Range $8.89M – $10.86M · ±10% · vs last sale $10.81M (Jan 15 2026)
Last sale anchor
$10.81M
Jan 15 2026
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
$194 / 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
$48,123
Tax year 2023
Assessed value
$1,458,260
Assessed 2023
Previous assessed
$1,458,260
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed improvement
$1,458,260
Improvement market value
$7,291,300
Total market value
$7,291,300
Applied tax rate
7.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
50,893 SF
Lot
7 ac (304,920 SF)
APN
61-03-05-4-001-004
UPID
US03-1713478
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
RETAIL STORES Current
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.6M
RESTAURANT
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$10.0M
OFFICE BUILDING
Est. value
$8.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7 ac
Current owner
From public records · entity-resolved
Psm Alabama Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 16167, MOBILE, AL 36616-0167
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
$10,810,000
Psm Alabama Holdings LLC
Rs II LLC
Warranty Deed
—
Nov 8, 2018
$70,500
Ready Mix USA LLC
Rs II LLC
Warranty Deed
—
Jun 29, 2018
$2,250,000
Rs II LLC
Riviera Square LLC
Warranty Deed
$4,984,245 · Uba Sub Cde Delta LLC
Dec 28, 2011
—
Hawkeye Alabama LLC
Acromag INC
Grant 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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