Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Apartment buildings
29100 Main St 2 Daphne, AL 36526-7220
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0587355
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Total area
4,726 SF
Lot
4.8 ac (209,088 SF)
APN
32-09-37-0-002-001.001
UPID
US03-0587355
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
-
Bay Vista by Bay Vista, LLC PM Apartment Complex Apartment Building
-
Eastern Shore Pressure Cleaning, LLC Landscaping General Contractor
-
Studio 1999 Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$670k
Owner & transaction history
Markle LLC · 2 yrs held
Markle LLC
since 2024
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 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
by Request
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$595,000
7%
$550,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$142 / 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
$59,250
Tax year 2023
Assessed value
$1,246,280
Assessed 2023
Previous assessed
$1,246,280
+0.0% YoY
Effective rate
4.75%
On assessed value
Assessed improvement
$1,246,280
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
YES
Buildings
13
Stories
1
Rooms
9
Bathrooms
4
Total area
4,726 SF
Lot
4.8 ac (209,088 SF)
APN
32-09-37-0-002-001.001
UPID
US03-0587355
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
13
Rooms
9
Bathrooms
4
Lot
4.8 ac
Current owner
From public records · entity-resolved
Markle LLC
Entity
Mailing address
119 W GDN ST, PENSACOLA, FL 32502-5617
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
Markle LLC
Bay Vista Partners LLC
Warranty Deed
—
Jun 26, 2020
—
Bay Vista Partners LLC
—
Deed
related
$2,350,000 · Miscellaneous Ins Co
Sep 30, 2014
—
Bay Vista Partners LLC
Abaco Partners LLC
Grant Deed
$2,875,000 · Miscellaneous Ins Co
Aug 21, 2013
$3,200,000
Abaco Partners LLC
Bay Vista Baldwin LLC
Warranty Deed
$3,150,000 · Oakworth Capital Bank
May 25, 2012
$1,400,000
Bay Vista Baldwin LLC
Federal Natl Mtg Assn Fnma
Quit Claim Deed
related
$1,387,500 · First
May 6, 2011
—
Fannie,mae|bay Vista Baldlwin LLC
Bay Vista Apartments LLC
Quit Claim Deed
related
—
Jan 10, 2006
$3,600,000
Bay Vista LLC
Bay Vista INC
Warranty Deed
related
—
—
—
Bay Vista INC
—
Deed Of Trust
related
$200,000 · Hyperion Capital LLC
—
—
Bay Vista Partners LLC
—
Deed Of Trust
related
$2,350,000 · Miscellaneous Ins Co
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 29100 Main St, Unit 2?
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.
