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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Office buildings
29891 Woodrow Ln Spanish Fort, AL 36527-8773
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0801844
Property summary
AI-generated overview
This exceptional 4,399 square foot office space is located at 29891 Woodrow Ln, Spanish Fort, AL 36527, near Highway 181. The property is part of a larger Class B building totaling 24,621 square feet, offering a single-tenant occupancy. The space is currently vacant and delivered in a "vanilla shell" condition, allowing for complete customization to suit your specific business needs. The landlord is offering tenant improvements (TI) contingent upon the lease term. The building features 76 total parking spaces for ample client and employee parking. While the building does not have elevators, the single-story layout ensures easy accessibility. The property is zoned B-2, making it ideal for a variety of office uses, including medical, traditional, and executive offices. This location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Spanish Fort. The property's address is conveniently situated near Highway 181, ensuring easy access for employees and clients. This is a rare opportunity to secure a well-located, adaptable office space in a thriving Alabama community. Don't miss this chance to establish your business in this prime location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
24,893 SF
Lot
1.9 ac (82,764 SF)
APN
32-08-27-0-000-012.067
UPID
US03-0801844
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
-
Melisa Dotson, Bellator Real Estate & Development - Eastern Shore Real Estate Agency
-
The Dodson Team | Bellator Real Estate Real Estate Agency
-
Bellator Relocation Services Real Estate Agency
-
Kristen Meador, REALTOR - Bellator Real Estate, Eastern Shore Real Estate Agency
-
Bellator Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$4.40M
Owner & transaction history
Dg Baldwin LLC · 1 yrs held
Dg Baldwin LLC
since 2025
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+7.7%
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 Spanish Fort submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanish Fort 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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,160,000
6.5%
$4,765,000
7%
$4,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,520,000
Current use
MEDICAL BUILDING
$4,865,000
Change: +8% · Conversion: Easy
RETAIL STORES
$4,175,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,095,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.21M (Mar 1 2025)
Last sale anchor
$4.21M
Mar 1 2025
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
$177 / 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
$33,897
Tax year 2023
Assessed value
$736,900
Assessed 2023
Previous assessed
$736,900
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$239,300
Assessed improvement
$497,600
Land market value
$1,196,500
Improvement market value
$2,488,000
Total market value
$3,684,500
Applied tax rate
44.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
24,893 SF
Lot
1.9 ac (82,764 SF)
APN
32-08-27-0-000-012.067
UPID
US03-0801844
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
OFFICE BUILDING Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
OTHER
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Dg Baldwin LLC
Entity
Free & Clear · 1 yrs held
Mailing address
13211 IBIS BLVD, SPANISH FORT, AL 36527-5995
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
$4,214,135
Dg Baldwin LLC
Fortuna Investments LLC
Warranty Deed
—
Jun 27, 2023
$539,950
Jerod King
Truland Homes LLC
Warranty Deed
$404,962 · Fairway Independent Mortgage Corp
Feb 10, 2023
—
Truland Homes LLC
—
Deed
related
$3,485,000 · Synovus Bank
Oct 24, 2022
$3,529,300
Fortuna Investments LLC
Truland Homes LLC
Warranty Deed
$3,760,000 · West Alabama Bank & Trust
Jun 22, 2022
$703,201
Johnnie Eugene Massey
Truland Homes LLC
Warranty Deed
$522,586 · Trulend Mortgage LLC
Dec 9, 2021
$46,000
Truland Homes LLC
68v Rosewood 2019 LLC
Warranty Deed
—
Jan 6, 2021
$259,352
Truland Homes LLC
Gulf Coast 169 LLC
Grant Deed
—
Nov 25, 2020
—
Truland Homes LLC
—
Deed
related
$254,236 · Hancock Whitney Bk
Oct 27, 2020
$391,970
Aaron P Rubel
Truland Homes LLC
Warranty Deed
$350,862 · Trustmark Nat'l Bk
Oct 7, 2020
—
Truland Homes LLC
—
Deed
related
$40,000,000 · Centennial Bk
Jul 23, 2020
—
LLC Truland Homes
—
Deed
related
$132,525 · Hancock Whitney Bk
Jul 10, 2020
$67,500
Truland Homes LLC
68v Lot Holdings LLC
Warranty Deed
—
Jul 3, 2019
$500
68v Lot Holdings LLC
Truland Homes LLC
Warranty Deed
related
—
Jul 13, 2018
$500
Truland Homes LLC
Feliciter Investment Group LLC
Grant Deed
related
—
Jun 26, 2018
—
Truland Homes LLC
—
Deed
related
$198,750 · Hancock Whitney Bk
Dec 7, 2015
$2,500,000
Truland Homes LLC
Gulf Health Properties INC
Warranty Deed
$3,000,000 · Trustmark National Bank
Mar 2, 2015
$2,175,000
Gulf Health Properties INC
Whitney Bk
Warranty Deed
—
Sep 29, 2014
$1,200,000
Trustmark Natl Bk
Whitney Bk
Grant Deed
related
—
Jul 9, 2014
$2,320,386
Whitney Bk
Auctioneer Of Baldwin County
Trustees Deed
related
—
Aug 21, 2013
$2,200,000
Woodrow Lane LLC
Tkr Technologies INC
Warranty Deed
—
Nov 20, 2012
—
Tkr Technologies INC
Comerica Bk
Warranty Deed
$2,145,147 · Hancock Bank
Jun 10, 2011
$2,073,090
Sterling Bk
Auctioneer Of Baldwin County
Trustees Deed
related
—
Jan 4, 2008
$4,045,000
Cardon LLC
Southern Development Of Mississippi
Warranty Deed
—
—
—
Truland Homes LLC
—
Deed Of Trust
related
$198,750 · Hancock Whitney Bk
—
—
Truland Homes LLC
—
Deed Of Trust
related
$254,236 · Hancock Whitney Bk
—
—
Truland Homes LLC
—
Loan Modification, Consolidation And Extension
related
$40,000,000 · Centennial Bk
—
—
Cardon LLC
—
Deed Of Trust
related
$2,010,571 · Sterling Bank
—
—
LLC Truland Homes
—
Deed Of Trust
related
$132,525 · Hancock Whitney 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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