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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Distribution centers
2835 Pne St Foley, AL 36535-1144
Individually Owned
21-yr Hold
Free & Clear
Property ID
US03-0361657
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Total area
7,040 SF
Lot
0.67 ac (29,185 SF)
APN
61-03-05-4-001-015.004
UPID
US03-0361657
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
-
Chem-Dry On The Shore Carpet Cleaning Service Upholstery Cleaning Service
-
Southern Heirloom Rug Cleaning Co. Carpet Cleaning Service Oriental Rug Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$565k
Owner & transaction history
Frederick R Brereton JR. · 21 yrs held
Frederick R Brereton JR.
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$880,000
+25.7%
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
$360,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$700,000
Current use
COMMERCIAL (GENERAL)
$880,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$80 / 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
$2,763
Tax year 2023
Assessed value
$81,940
Assessed 2023
Previous assessed
$81,940
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$28,560
Assessed improvement
$53,380
Land market value
$231,401
Improvement market value
$432,499
Total market value
$663,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Bathrooms
1
Total area
7,040 SF
Lot
0.67 ac (29,185 SF)
APN
61-03-05-4-001-015.004
UPID
US03-0361657
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
WAREHOUSE, STORAGE Current
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$880,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Frederick R Brereton JR.
Individual
Free & Clear · 21 yrs held
Mailing address
8064 BAY VW DR, FOLEY, AL 36535-9057
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2017
—
Frederick R Brereton JR
—
Deed
related
$190,390 · Bryant Bk
Feb 8, 2005
$50,000
Frederick R Brereton JR.
Teem,robert W & Dolores M
Warranty Deed
—
—
—
Frederick R Brereton JR.
—
Deed Of Trust
related
$196,000 · Whitney National Bank
—
—
Frederick R Brereton JR.
—
Deed Of Trust
related
—
—
—
Frederick R Brereton JR.
—
Deed Of Trust
related
$50,000 · Bryant Bank
—
—
Frederick R Brereton JR.
—
Deed Of Trust
related
$25,000 · Bryant Bank
—
—
Frederick R Brereton JR
—
Loan Modification
related
$190,390 · Bryant Bk
—
—
Frederick R Brereton JR.
—
Deed Of Trust
related
$190,360 · Bryant 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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