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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Investment properties
7220 Theodore Dawes Rd Theodore, AL 36582-4028
Individually Owned
5-yr Hold
Free & Clear
Property ID
US03-1628891
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2020
Total area
7,214 SF
Lot
0.96 ac (41,687 SF)
APN
33 09 31 4 000 030.XXX
UPID
US03-1628891
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
$2.30M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.85M
Owner & transaction history
Exchangeright Net Leased Portf · 5 yrs held
Exchangeright Net Leased Portf
since 2020
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+129.3%
Restaurant
$1.4M
+116.6%
Retail stores
$1.2M
+94.9%
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 Theodore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Theodore 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
$2,175,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$1,600,000
6.5%
$1,475,000
7%
$1,370,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,465,000
Change: +129% · Conversion: Easy
RESTAURANT
$1,380,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$1,245,000
Change: +95% · Conversion: Easy
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.94M (Oct 7 2020)
Last sale anchor
$1.94M
Oct 7 2020
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
$256 / 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
$9,104
Tax year 2023
Assessed value
$182,560
Assessed 2023
Previous assessed
$182,560
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$51,580
Assessed improvement
$130,980
Land market value
$257,900
Improvement market value
$654,900
Total market value
$912,800
Applied tax rate
10.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,214 SF
Lot
0.96 ac (41,687 SF)
APN
33 09 31 4 000 030.XXX
UPID
US03-1628891
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
MEDICAL BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
RESTAURANT
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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portf
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
$1,942,938
Exchangeright Net Leased Portf
Theodore Dev LLC
Grant Deed
—
May 17, 2019
$1,332,352
Theodore Dev LLC
By The Bay LLC
Trustees Deed
$1,331,852 · Merchants & Marine Bk
—
—
Exchangeright,net Leased Portf Trust
—
Deed Of Trust
related
$54,200,000 · Morgan Stanley Bk
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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