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Property profile & analytics
OFF-MARKET
Office buildings
429 Brady Rd Bay Minette, AL 36507
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-1356107
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
468 SF
Lot
1.5 ac (65,340 SF)
APN
23-05-16-1-001-046
UPID
US03-1356107
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
Patrick L Avinger SR. · 1 yrs held
Patrick L Avinger SR.
since 2025
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 Bay Minette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay Minette 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
$2,185
Tax year 2023
Assessed value
$51,420
Assessed 2023
Previous assessed
$51,420
+0.0% YoY
Effective rate
4.25%
On assessed value
Assessed land
$11,320
Assessed improvement
$40,100
Land market value
$56,600
Improvement market value
$200,500
Total market value
$257,100
Applied tax rate
3.0000
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
1974
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Total area
468 SF
Lot
1.5 ac (65,340 SF)
APN
23-05-16-1-001-046
UPID
US03-1356107
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Patrick L Avinger SR.
Individual
Mailing address
5051 CARDINAL ST, TRUSSVILLE, AL 35173-1871
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Patrick L Avinger SR.
Shannon P Thomson
Warranty Deed
—
Dec 16, 2019
—
Mcpherson Companies INC
—
Deed
related
$710,683 · Branch Bk&tr
Apr 11, 2018
—
Mcpherson Companies INC
—
Deed
related
$307,000 · Branch Bk&tr
Jun 9, 2017
$391,000
Mcpherson Companies INC
Mcpherson,charles K JR
Warranty Deed
—
Feb 15, 2013
—
Charles K Mcpherson JR.
—
Deed Of Trust
related
$1,365,000 · Servisfirst Bank
Jul 20, 2006
$10,000
Charles K Mcpherson JR.
Kj Creek LLP
Warranty Deed
—
—
—
Mcpherson Companies INC
—
Deed Of Trust
related
$710,683 · Branch Bk&tr
—
—
Charles K Mcpherson JR.
—
Deed Of Trust
related
$720,000 · Servisfirst Bank
—
—
Mcpherson Companies INC
—
Deed Of Trust
related
$307,000 · Branch Bk&tr
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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