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Property profile & analytics
OFF-MARKET
Estimated value
$8,045,000
Investment properties
4651 Main St Orange Beach, AL 36561-5848
Entity Owned
14-yr Hold
Free & Clear
Property ID
US03-0988118
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2006
Total area
55,633 SF
Lot
13 ac (566,280 SF)
APN
66-01-01-2-001-003.001
UPID
US03-0988118
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
-
Lux Nail Spa Nail Salon
-
Fric-N-Frac At The Wharf (Bike/Boat/Book/etc) Store
-
The Dirty Rebel Barbershop and Grooming Lounge Barber Shop
-
Vinny's Pizzeria Restaurant
-
MA Beauty Lounge Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.93M
Comparable Approach
Comparable
$9.84M
Blend (final)
Blend
$8.05M
Owner & transaction history
Wharf Retail Props LLC · 14 yrs held
Wharf Retail Props LLC
since 2011
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.9M
+18.8%
Office building
$10.1M
+10.3%
Retail stores
$9.3M
+1.9%
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 Orange Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,590,000
6.5%
$7,930,000
7%
$7,365,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,155,000
Current use
MEDICAL BUILDING
$10,875,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$10,100,000
Change: +10% · Conversion: Easy
RETAIL STORES
$9,330,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$8.05M
Range $7.24M – $8.85M · ±10%
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
$145 / 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
$102,462
Tax year 2023
Assessed value
$3,201,940
Assessed 2023
Previous assessed
$3,201,940
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$341,280
Assessed improvement
$2,860,660
Land market value
$1,706,400
Improvement market value
$14,303,300
Total market value
$16,009,700
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2006
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
5
Stories
2
Rooms
4
Bathrooms
5
Total area
55,633 SF
Lot
13 ac (566,280 SF)
APN
66-01-01-2-001-003.001
UPID
US03-0988118
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
COMMERCIAL (GENERAL) Current
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$10.9M
OFFICE BUILDING
Est. value
$10.1M
RETAIL STORES
Est. value
$9.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2006
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
5
Rooms
4
Bathrooms
5
Lot
13 ac
Current owner
From public records · entity-resolved
Wharf Retail Props LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 83380, BATON ROUGE, LA 70884-3380
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2011
—
Wharf Retail Props LLC
Aig Baker Orange Beach Wharf L
Quit Claim Deed
related
—
Sep 7, 2004
—
Baker Orange Beach Wharf L Aig
Westbound Inv LLC
Grant Deed
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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