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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
368 Commercial Park Dr Fairhope, AL 36532-1910
Entity Owned
~
Est. High Equity
Property ID
US03-0025174
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
3,721 SF
Lot
0.45 ac (19,602 SF)
APN
46-04-20-1-000-002.011
UPID
US03-0025174
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
-
Baldwin County Properties Real Estate Agency
-
Landmark Real Estate of AL, Inc Property Management Company Homeowners' Association
-
Journey with Angel Real Estate Agency
-
Rock Creek Property Owners Association Homeowners' Association
-
Taylor Justin Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$575k
Owner & transaction history
Center Street Holdings LLC
Center Street Holdings LLC
since 2025
Last sale
$572,500
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 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
$605,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Current use
MEDICAL BUILDING
$725,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $573k (May 21 2025)
Last sale anchor
$573k
May 21 2025
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
$155 / 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
$4,905
Tax year 2023
Assessed value
$106,620
Assessed 2023
Previous assessed
$106,620
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$34,960
Assessed improvement
$71,660
Land market value
$174,800
Improvement market value
$358,300
Total market value
$533,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
3,721 SF
Lot
0.45 ac (19,602 SF)
APN
46-04-20-1-000-002.011
UPID
US03-0025174
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
OFFICE BUILDING Current
Est. value
$880,000
MEDICAL BUILDING
Est. value
$725,000
OFFICE BUILDING Current
MEDICAL BUILDING
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
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Center Street Holdings LLC
Entity
Mailing address
368 COMMERCIAL PARK DRA, FAIRHOPE, AL 36532-1910
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
$572,500
Center Street Holdings LLC
Brooksway Properties LLC
Warranty Deed
—
Jan 7, 2021
$445,000
Brooksway Properties LLC
Hillock Holdings LLC
Warranty Deed
—
Jan 9, 2020
$400,000
Hillock Holdings LLC
Prm Real Estate LLC
Warranty Deed
—
Jun 28, 2019
—
Prm Real Estate LLC
—
Deed
related
$250,000 · Century Bank
Feb 17, 2017
—
Point Clear Insurance Services LLC
—
Deed
related
$1,116,500 · American Commerce Bank NA
Nov 8, 2016
—
Prm Real Estate LLC
Point Clear Insurance Partners LLC
Warranty Deed
$310,250 · American Commerce Bank NA
Dec 9, 2013
—
Point Clear Insurance Ptrs LLC
Clg Associates LLC
Grant Deed
—
Sep 11, 2013
—
Point Clear Insurance Ptrs LLC
Clg & Associates LLC
Warranty Deed
$365,000 · Lyman W Ramsey
Dec 28, 2012
$211,500
Clg Associates LLC
Rtr Holdings INC
Grant Deed
—
Dec 20, 2004
$250,000
Rtr Holdings INC
Greyball Group LLC
Warranty Deed
related
$215,000 · Regions Bank
—
—
Rtr Holdings INC
—
Deed Of Trust
related
$80,000 · Regions Bank
—
—
Rtr Holdings INC
—
Deed Of Trust
related
$296,000 · Banktrust
—
—
Point Clear Insurance Ptrs LLC
—
Deed Of Trust
related
$320,000 · Coastal Bk&tr
—
—
Prm Real Estate LLC
—
Deed Of Trust
related
$450,000 · Synovus Bk
—
—
Rtr Holdings INC
—
Deed Of Trust
related
$600,000 · Whitney National Bank
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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