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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Warehouses
650 Lemoyne Dr Dauphin Island, AL 36528-4456
Entity Owned
~
Est. High Equity
Property ID
US03-0514791
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
23,125 SF
Lot
18.65 ac (812,568 SF)
APN
52 01 00 0 010 002.XXX
UPID
US03-0514791
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
-
Underdog Fishing Charters Tour Operator Travel Agency
-
Harrison Fishing Guide Service Tour Operator Travel Agency
-
Foster Inshore Charter Fishing Tour Operator Travel Agency
-
Captain Mikes Deep Sea Fishing Tour Operator Travel Agency
-
Action Outdoors Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.21M
Owner & transaction history
Dauphin Bowline LLC
Dauphin Bowline LLC
since 2026
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+78.1%
Commercial (general)
$2.1M
+47.1%
Industrial (general)
$1.7M
+19.3%
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 Dauphin Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dauphin Island 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
$2,330,000
ML approach
$2,705,000
CAP Approach
CAP Return
Estimation
6%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,395,000
Current use
OFFICE BUILDING
$2,480,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,050,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,660,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10% · vs last sale $2.20M (Sep 1 2021)
Last sale anchor
$2.20M
Sep 1 2021
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
$95 / 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
$14,129
Tax year 2023
Assessed value
$361,720
Assessed 2023
Previous assessed
$361,720
+0.0% YoY
Effective rate
3.91%
On assessed value
Assessed land
$85,000
Assessed improvement
$276,720
Land market value
$425,000
Improvement market value
$1,383,600
Total market value
$1,808,600
Applied tax rate
18.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
4
Stories
1
Bathrooms
6
Total area
23,125 SF
Lot
18.65 ac (812,568 SF)
APN
52 01 00 0 010 002.XXX
UPID
US03-0514791
Jurisdiction
MOBILE
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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2006
Heating
NONE
Stories
1
Buildings
4
Bathrooms
6
Lot
18.65 ac
Current owner
From public records · entity-resolved
Dauphin Bowline LLC
Entity
Mailing address
PO BOX 577, DAUPHIN ISLAND, AL 36528-0577
Ownership since
2026
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
Apr 3, 2026
$4,644,600
Dauphin Bowline LLC
Dim Properties LLC
Warranty Deed
$5,000,000 · Pinnacle Bank
Sep 1, 2021
$2,200,000
Dim Properties LLC
Pass Chateau Properties LLC
Warranty Deed
—
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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