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Property profile & analytics
OFF-MARKET
Retail space
356 Morphy Ave Fairhope, AL 36532-2301
Individually Owned
1-yr Hold
Free & Clear
Property ID
US03-3104190
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
5,318 SF
Lot
0.24 ac (10,454 SF)
APN
46-03-37-0-009-002.001
UPID
US03-3104190
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
-
Colony Tile & Flooring General Contractor Renovation Specialist
-
Tim Simmonds - State Farm Insurance Agent Insurance Agency
-
Christine S. Aiken, PHD Physician Medical Clinic
-
The Eat Beat Marketing & Advertising Advertising Agency
-
CrossBay Digital Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles M Nelson · 1 yrs held
Charles M Nelson
since 2025
Last sale
$445,000
6 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,203
Tax year 2023
Assessed value
$134,840
Assessed 2023
Previous assessed
$134,840
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$93,020
Assessed improvement
$41,820
Land market value
$465,100
Improvement market value
$209,100
Total market value
$674,200
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
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Bathrooms
1
Total area
5,318 SF
Lot
0.24 ac (10,454 SF)
APN
46-03-37-0-009-002.001
UPID
US03-3104190
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Charles M Nelson
Individual
Free & Clear · 1 yrs held
Mailing address
356 MORPHY AVE, FAIRHOPE, AL 36532-2301
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
—
Charles M Nelson
Edward F Nelson
Quitclaim Deed
related
—
Jul 1, 2019
—
Simmonds Properties LLC
—
Deed
related
$135,000 · Tcb Coastal Bkng
Dec 30, 2014
—
Simmonds Properties LLC
—
Trustees Deed
related
$100,000 · Bancorpsouth
May 16, 2014
$445,000
Simmonds Properties LLC
Charles H Bryars III
Warranty Deed
$520,000 · Bancorpsouth Bank
Dec 7, 2004
$548,282
Charles H Bryars III
Real Dev LLC
Warranty Deed
$250,782 · Amsouth Bank
—
—
Simmonds Properties LLC
—
Deed Of Trust
related
$135,000 · Tcb Coastal Bkng
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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