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Property profile & analytics
OFF-MARKET
Estimated value
$9,800,000
Apartment buildings
300 Lawson Ave Foley, AL 36535-2414
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-1021670
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
19,392 SF
Lot
8.6 ac (374,616 SF)
APN
54-08-33-3-000-023
UPID
US03-1021670
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
-
Savannah Park Housing Complex
-
Big Bass Apartments Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.99M
Blend (final)
Blend
$9.80M
Owner & transaction history
Savannah Park Foley LLC · 4 yrs held
Savannah Park Foley LLC
since 2021
Last sale
$9.3M
4 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 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
$12,555,000
ML approach
$11,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,960,000
Current use
RESTAURANT
$5,915,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$9.80M
Range $8.82M – $10.78M · ±10% · vs last sale $9.25M (Nov 30 2021)
Last sale anchor
$9.25M
Nov 30 2021
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
$505 / 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
$33,968
Tax year 2023
Assessed value
$1,029,320
Assessed 2023
Previous assessed
$1,029,320
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed improvement
$1,029,320
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
2
Bathrooms
6
Total area
19,392 SF
Lot
8.6 ac (374,616 SF)
APN
54-08-33-3-000-023
UPID
US03-1021670
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.0M
RESTAURANT
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Bathrooms
6
Lot
8.6 ac
Current owner
From public records · entity-resolved
Savannah Park Foley LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4706 18TH AVE, BROOKLYN, NY 11204-1356
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
$9,250,000
Savannah Park Foley LLC
Savannah Park Investors LLC
Special Warranty Deed
—
Aug 12, 2020
—
Southern Bank
Savannah Park Investors LLC
Quit Claim Deed
related
—
Feb 24, 2020
$500
Savannah Park Investors LLC
Savannah Park LLC
Quit Claim Deed
related
$5,504,000 · Southern Bk
—
—
Savannah Park LLC
—
Deed Of Trust
related
$2,750,000 · Gmac Commercial Mortgage Corp
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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