Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
28273 Perdido Bch Blvd Orange Beach, AL 36561
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US03-0153599
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
360 SF
Lot
5.71 ac (248,728 SF)
APN
65-05-03-0-000-002
UPID
US03-0153599
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
-
Shell Beach Orange Beach Public Parking Parking Lot & Garage
-
Caribe Heliport Heliport
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Caribe East LLC · 20 yrs held
Caribe East LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,190
Tax year 2023
Assessed value
$599,680
Assessed 2023
Previous assessed
$599,680
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$587,520
Assessed improvement
$12,160
Land market value
$2,937,600
Improvement market value
$60,800
Total market value
$2,998,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
8
Bathrooms
1
Total area
360 SF
Lot
5.71 ac (248,728 SF)
APN
65-05-03-0-000-002
UPID
US03-0153599
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
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
5.71 ac
Current owner
From public records · entity-resolved
Caribe East LLC
Entity
Mailing address
28103 PERDIDO BCH BLVD UNIT #100, ORANGE BEACH, AL 36561-3277
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2020
—
Caribe East LLC
—
Deed
related
$250,000 · Centennial Bank
Feb 27, 2020
—
Carise East LLC
—
Deed
related
$1,750,000 · Centennial Bk
Dec 27, 2005
—
Caribe East LLC
Caribe Poa INC
Quit Claim Deed
related
—
Sep 15, 2005
$1,600,009
Caribe INC
Worthington,william L & Judy T
Dual Purpose Document
$1,439,919 · William L & Judy T Worthington
Sep 8, 2005
$975,000
Caribe INC
Mason,james D
Dual Purpose Document
$877,410 · James D Mason
Sep 8, 2005
$1,775,000
Caribe INC
Mason,james D
Dual Purpose Document
$1,597,410 · James D Mason
Sep 8, 2005
$675,410
Caribe INC
Weeks,steven E
Warranty Deed
$607,410 · Mark T Godwin
Sep 7, 2005
$1,100,000
Caribe INC
Qualified Exchange Titleholder
Dual Purpose Document
$989,910 · Qualified Exchange Titleholder
Jul 22, 2005
—
Caribe INC
John W Thompson
Warranty Deed
$500,000 · Vision Bank
Sep 28, 2004
$573,800
John W Thompson
Adams,david N & Karen C
Warranty Deed
$458,800 · National City Mortgage Co
—
—
Carise East LLC
—
Deed Of Trust
related
$1,750,000 · Centennial 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 28273 Perdido Bch Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
