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Property profile & analytics
OFF-MARKET
Turn key restaurants
4205 County Rd 6th 6 Gulf Shores, AL 36542-2961
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-2978068
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Total area
2,463 SF
Lot
0.73 ac (31,799 SF)
APN
67-01-04-0-000-036.004
UPID
US03-2978068
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael J Specchio · 17 yrs held
Michael J Specchio
since 2009
5 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
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
$2,768
Tax year 2023
Assessed value
$96,760
Assessed 2023
Previous assessed
$96,760
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$40,820
Assessed improvement
$55,940
Land market value
$204,100
Improvement market value
$279,700
Total market value
$483,800
Applied tax rate
2.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
2,463 SF
Lot
0.73 ac (31,799 SF)
APN
67-01-04-0-000-036.004
UPID
US03-2978068
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Michael J Specchio
Individual
Mailing address
1490 COUNTY RD 2800TH N, RANTOUL, IL 61866-9708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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 26, 2019
—
Michael J Specchio
—
Trustees Deed
related
$300,000 · 29209 LLC
Jun 8, 2009
$616,000
Michael J Specchio
Lyng,vickie L
Dual Purpose Document
$283,000 · Richard P Lyng
Jun 24, 2004
$375,000
Richard P Lyng
Comeaux,richard & Ann
Warranty Deed
$300,000 · Abn Amro Mortgage Group INC
—
—
Michael J Specchio
—
Deed Of Trust
related
$313,500 · Muskogee Investments LLC
—
—
Michael J Specchio
—
Deed Of Trust
related
$283,000 · Mark P Strauch
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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