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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Retail properties & Spaces
612 Nichols Ave Fairhope, AL 36532-1722
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-3069239
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2014
Construction
WOOD
Total area
1,080 SF
Lot
0.48 ac (20,775 SF)
APN
46-03-37-0-015-029
UPID
US03-3069239
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
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Mobama LLC · 2 yrs held
Mobama LLC
since 2023
Last sale
$600,000
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
$630,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $600k (Nov 2 2023)
Last sale anchor
$600k
Nov 2 2023
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
$574 / 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
$2,329
Tax year 2023
Assessed value
$50,640
Assessed 2023
Previous assessed
$50,640
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$6,420
Assessed improvement
$44,220
Land market value
$48,581
Improvement market value
$334,619
Total market value
$383,200
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Bathrooms
1
Total area
1,080 SF
Lot
0.48 ac (20,775 SF)
APN
46-03-37-0-015-029
UPID
US03-3069239
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
2014
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mobama LLC
Entity
Mailing address
PO BOX 130, DAPHNE, AL 36526-0130
Ownership since
2023
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
Nov 2, 2023
$600,000
Mobama LLC
Hsc Perry City LLC
Warranty Deed
$450,000 · First Horizon Bank
Feb 10, 2015
$280,410
Hsc Perry City LLC
Moore Chris
Warranty Deed
$205,910 · Iberiabank Fsb
Mar 3, 2014
$170,000
Chris Morris
Jamaco LLC
Warranty Deed
—
Oct 29, 2010
$164,000
Jamaco LLC
Brush,sherree M & David L
Warranty Deed
—
Aug 20, 2010
$160,000
David L Brush
Regions Bk
Warranty Deed
—
Apr 1, 2010
$153,648
Regions Bk
Auctioneer Of Baldwin County
Trustees Deed
related
—
Dec 28, 2007
$240,000
David Dangler
Rio Pescadro LLC
Warranty Deed
$192,000 · Regions Bank
Feb 8, 2005
$120,000
Qualified Exchange Titleholder
Clark,claud III
Warranty Deed
—
Feb 8, 2005
$170,000
Rio Pescador LLC
Qualified Exchange Titleholder
Warranty Deed
$100,000 · First Gulf 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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