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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail properties & Spaces
26244 Equity Dr Daphne, AL 36526-6193
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-2957278
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2009
Total area
5,952 SF
Lot
0.51 ac (22,216 SF)
APN
43-05-16-0-000-021.020
UPID
US03-2957278
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
-
Regional Teleco Telecommunications Service
-
Game Time Radio Radio Station Telecommunications Service
-
Professional Forms & System Inc. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$670k
Owner & transaction history
Apex Constructors LLC · 2 yrs held
Apex Constructors LLC
since 2024
Last sale
$670,440
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+63.7%
Retail stores
$1.0M
+51.2%
Commercial (general)
$980,000
+48.4%
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 Daphne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daphne 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
$670,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$660,000
Current use
OFFICE BUILDING
$1,080,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$590,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $670k (Jun 28 2024)
Last sale anchor
$670k
Jun 28 2024
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
$113 / 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
$4,955
Tax year 2023
Assessed value
$105,640
Assessed 2023
Previous assessed
$105,640
+0.0% YoY
Effective rate
4.69%
On assessed value
Assessed land
$15,540
Assessed improvement
$90,100
Land market value
$134,835
Improvement market value
$781,765
Total market value
$916,600
Applied tax rate
4.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
5,952 SF
Lot
0.51 ac (22,216 SF)
APN
43-05-16-0-000-021.020
UPID
US03-2957278
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$660,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$590,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Apex Constructors LLC
Entity
Mailing address
PO BOX 514, MAGNOLIA SPRINGS, AL 36555-0514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jun 28, 2024
$670,440
Apex Constructors LLC
Randall B Nix
Warranty Deed
$575,847 · River Bank & Trust
Dec 13, 2019
—
Randall B Nix
—
Deed
related
$25,000 · Community Bk/ms
Sep 23, 2014
—
Randall B Nix
Austin Place Development Company In
Quit Claim Deed
related
$280,000 · Community Bank Coast
Mar 11, 2008
$375,000
Randall B Nix
Austin Place Dev Co LLC
Warranty Deed
$310,000 · Rbc Centura Bank
—
—
Randall B Nix
—
Deed Of Trust
related
$25,000 · Community Bk/ms
—
—
Randall B Nix
—
Deed Of Trust
related
$30,000 · Rbc Bank (usa)
—
—
Shelly N Bitowski
—
Deed Of Trust
related
$10,000 · Whitney National Bank
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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