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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Retail space
3862 Gulf Shrs Pkwy Gulf Shores, AL 36542-2819
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0151796
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
14,127 SF
Lot
0.44 ac (19,166 SF)
APN
61-08-33-2-001-036
UPID
US03-0151796
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Get Mad LLC · 3 yrs held
Get Mad LLC
since 2022
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.3M
+83.3%
Restaurant
$4.3M
+81.9%
Office building
$2.8M
+17.4%
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
$2,935,000
ML approach
$2,890,000
CAP Approach
CAP Return
Estimation
6%
$2,535,000
6.5%
$2,340,000
7%
$2,170,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,370,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,345,000
Change: +83% · Conversion: Difficult
RESTAURANT
$4,310,000
Change: +82% · Conversion: Easy
OFFICE BUILDING
$2,780,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$2,760,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,325,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.53M (Sep 7 2022)
Last sale anchor
$2.53M
Sep 7 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
$187 / 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
$10,735
Tax year 2023
Assessed value
$325,300
Assessed 2023
Previous assessed
$325,300
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$49,640
Assessed improvement
$275,660
Land market value
$248,200
Improvement market value
$1,378,300
Total market value
$1,626,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
14,127 SF
Lot
0.44 ac (19,166 SF)
APN
61-08-33-2-001-036
UPID
US03-0151796
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
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Get Mad LLC
Entity
Free & Clear · 3 yrs held
Mailing address
105 BUENA VIS CIR N, DAPHNE, AL 36526-7937
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
$2,525,000
Get Mad LLC
Glynda R Jennings
Venders Lien
—
Oct 30, 2019
$962,500
Ynda R Jennings
Ralph B Jennings
Quit Claim Deed
related
—
Jun 20, 2007
$500
Ralph B Jennings
Jennings,glynda R
Quit Claim Deed
related
—
May 31, 2006
—
Ralph B Jennings
Dempsey,carolyn H
Grant Deed
related
—
—
—
Ralph B Jennings
—
Deed Of Trust
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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