Financial
Distress signals
Property profile

300 Mcmillan Ave Bay Minette, AL 36507

FOR SALE
Other apartment buildings
Property ID
US03-0760166
3,617 SF 0.34 ac lot Built 1930
Last sale Aug 2021 · $90,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a quadplex containing four residential units configured as one-bedroom, one-bath apartments. It has a newer roof that was installed in January 2022 and an exterior paint package completed in June 2024. HVAC systems have been improved with replacements for all inside and outside components; unit-specific updates include Apt A in August 2024, Apt B in September 2022, Apt C in May 2022, and Apt D in June 2023. The building is located at 300 McMillan Avenue in Bay Minette and is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$738
Tax billed · 2023
Assessed value$17k
Assessed land$4k
Assessed improvement$13k
Effective rate4.25%

Value estimate

· Sep 2026
$120k
$108k – $132k
AI approach$145k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$3k
Operating expenses−$23k
NOI · 10.09% cap applied$28k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$307/SF
County average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$128 – $801

Cap rate analysis

How does the asset earn?
10.09%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBALDWIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.8
Parking Facility10.4
Electrical Service9.8

Location

300 Mcmillan Ave Bay Minette, AL 36507
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 6 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
107 Petty, Bay Minette, AL 36507-4124 $875,000 Apr 2024 6,826 SF
200 Dobson, Bay Minette, AL 36507-3142 $2,000,000 Dec 2022 5,896 SF
2000 Hand, Bay Minette, AL 36507-4187 $248,000 Dec 2019 4,047 SF
47247 Rabun, Bay Minette, AL 36507-6275 $31,000 Oct 2018 12,398 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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