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Property profile & analytics
FOR LEASE
Retail space
323 De La Mare Ave Fairhope, AL 36532
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US03-0148109
For Lease
1 / 2
$34.09 SF/Yr
323 De La Mare Ave, Fairhope, AL 36532
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
5,959 SF
Lot
0.2 ac (8,712 SF)
APN
46-03-37-0-602-002.514
UPID
US03-0148109
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
-
Jake DeVantier - Local Property, Inc. Real Estate Agency
-
Local Property, Inc Real Estate Agency
-
Brittanie Koenemann, Realtor Real Estate Agency
-
Red Or White Wine Fairhope Specialty Food Shop Wine and Liquor Store
-
Ms. Angela Salyers Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$955k
Owner & transaction history
Hatfield Baldwin LLC · 8 yrs held
Hatfield Baldwin LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+41.4%
Medical building
$1.2M
+16.6%
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 Fairhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhope 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%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,000,000
Current use
OFFICE BUILDING
$1,415,000
Change: +41% · Conversion: Easy
MEDICAL BUILDING
$1,165,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$160 / 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
$11,889
Tax year 2023
Assessed value
$258,460
Assessed 2023
Previous assessed
$258,460
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$167,200
Assessed improvement
$91,260
Land market value
$836,000
Improvement market value
$456,300
Total market value
$1,292,300
Applied tax rate
63.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1950
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
2
Total area
5,959 SF
Lot
0.2 ac (8,712 SF)
APN
46-03-37-0-602-002.514
UPID
US03-0148109
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
RETAIL STORES Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$980,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Hatfield Baldwin LLC
Entity
Mailing address
323 DE LA MARE AVE, FAIRHOPE, AL 36532-2336
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2020
—
De La Mare LLC
—
Deed
related
$50,000 · Bryant Bank
Apr 10, 2018
—
Hatfield Baldwin LLC
Baldwin William E
Quit Claim Deed
related
$175,000 · Branch Bk&tr
Mar 11, 2005
$378,000
Delamare LLC
Fairhope Single Tax Corp
Grant Deed
—
Feb 21, 2005
$378,000
Delamare LLC
Moore,karen M
Grant Deed
—
—
—
Delamare LLC
—
Deed Of Trust
related
$22,314 · Wachovia Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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