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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Investment properties
27212 Marina Rd Orange Beach, AL 36561-3562
Entity Owned
8-yr Hold
Free & Clear
Property ID
US03-0163708
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2009
Total area
2,602 SF
Lot
1.4 ac (60,984 SF)
APN
65-02-10-0-000-017
UPID
US03-0163708
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
-
Southern Rose Dolphin Trips Travel Agency Tour Operator
-
Chute Em Up Parasail Tour Operator
-
Happy Harbor Marina & Dry Storage Boat Storage Facility Water Sports Equipment Rental Service
-
Top Tier Watersports Tour Operator
-
Blue Island Inshore Fishing Charters Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$560k
Owner & transaction history
Marina Road Holdings LLC · 8 yrs held
Marina Road Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$510,000
+18.8%
Office building
$470,000
+10.3%
Retail stores
$435,000
+1.9%
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
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$345,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
MEDICAL BUILDING
$510,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$470,000
Change: +10% · Conversion: Easy
RETAIL STORES
$435,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
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
$215 / 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
$24,230
Tax year 2023
Assessed value
$749,540
Assessed 2023
Previous assessed
$749,540
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$430,920
Assessed improvement
$318,620
Land market value
$2,154,600
Improvement market value
$1,593,100
Total market value
$3,747,700
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
5
Bathrooms
2
Total area
2,602 SF
Lot
1.4 ac (60,984 SF)
APN
65-02-10-0-000-017
UPID
US03-0163708
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
COMMERCIAL (GENERAL) Current
Est. value
$430,000
MEDICAL BUILDING
Est. value
$510,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES
Est. value
$435,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
Marina Road Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 7946, HOUSTON, TX 77270-7946
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
—
Marina Holdings LLC
—
Deed
related
$3,060,000 · Whitney Bank
Jun 11, 2019
—
Marina Road Holdings LLC
—
Deed
related
$3,060,000 · Servisfirst Bk
Jul 10, 2018
$3,333,000
Marina Road Holdings LLC
Mjs Family Trust
Warranty Deed
—
Jun 5, 2018
—
Mjs Family Trust
Jones,rodney D & Laurie
Warranty Deed
$2,100,000 · Toddco Interests LLC
Nov 20, 2015
$2,000,000
Laurie Jones
Specchio,michael J
Grant Deed
—
Nov 9, 2015
$2,000,000
Laurie Jones
Specchio,michael J
Warranty Deed
—
Jun 3, 2010
$5,000,000
Michael J Specchio
Sun Harbor LLC
Warranty Deed
$4,973,000 · Sun Harbor LLC
—
—
Marina Road Holdings LLC
—
Deed Of Trust
related
$3,060,000 · Servisfirst Bk
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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