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Property profile & analytics
OFF-MARKET
Estimated value
$3,350,000
Automotive properties
3041 1st St Gulf Shores, AL 36542-2710
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-2694491
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2016
Total area
5,896 SF
Lot
1.76 ac (76,666 SF)
APN
66-03-05-4-001-014.002
UPID
US03-2694491
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
-
Beach Bum Outdoors (Bike/Boat/Book/etc) Store
-
Momentum Marine: Gulf Shore's (Bike/Boat/Book/etc) Store
-
Thumbs Up Kitchen Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.35M
Owner & transaction history
Waterway59 LLC · 4 yrs held
Waterway59 LLC
since 2022
Last sale
$3.1M
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 Gulf Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Shores 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
$3,605,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.35M
Range $3.02M – $3.69M · ±10% · vs last sale $3.10M (Jan 14 2022)
Last sale anchor
$3.10M
Jan 14 2022
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
$568 / 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
$13,819
Tax year 2023
Assessed value
$418,760
Assessed 2023
Previous assessed
$418,760
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$178,460
Assessed improvement
$240,300
Land market value
$1,201,780
Improvement market value
$1,618,220
Total market value
$2,820,000
Applied tax rate
8.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2016
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
5,896 SF
Lot
1.76 ac (76,666 SF)
APN
66-03-05-4-001-014.002
UPID
US03-2694491
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
2016
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Waterway59 LLC
Entity
Mailing address
1 NE 7TH ST, OKLAHOMA CITY, OK 73104-1805
Ownership since
2022
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
Jan 14, 2022
$3,100,000
Waterway59 LLC
Sam Gerges
Warranty Deed
$2,649,651 · First National Bank & Trust Co
Dec 2, 2020
—
Daniel Mulvey
Sam Gerges
Grant Deed
related
—
Feb 11, 2016
$300,000
Sam Gerges
Shine Lee Properties LLC
Grant Deed
$50,000 · Private Individual
May 27, 2014
$203,500
Shine Lee Properties LLC
Se Property Holdings LLC
Warranty Deed
—
May 25, 2011
$459,000
Se Property Holdings LLC
Vision Bk
Quit Claim Deed
related
—
Mar 24, 2008
$460,000
Total Vision Of Gulf Sts LLC
Auctioneer Of Baldwin County
Trustees Deed
related
—
Dec 17, 2007
$48,000
Professional R/e Ptrs INC
Highway 59 Mp INC
Warranty Deed
—
Dec 17, 2007
$70,000
Professional R/e Ptrs INC
Highway 59 Mp INC
Warranty Deed
—
Jan 27, 2005
$500
Highway 59 Mp INC
Pd Hospitality Investments INC
Quit Claim Deed
related
—
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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