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Property profile & analytics
FOR LEASE
Office buildings
8531 Spanish Fort Blvd Spanish Fort, AL 36527
Individually Owned
6-yr Hold
Free & Clear
Property ID
US03-1318927
For Lease
1 / 2
$1,375/Mo
8531 Spanish Fort Blvd, Spanish Fort, AL 36527
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
1,664 SF
Lot
1.4 ac (60,984 SF)
APN
32-08-28-1-001-001.042
UPID
US03-1318927
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
-
Foundation Direct Primary Care Physician
-
The Lex Hair Co Hair Salon
-
Let's Play Therapy Center Physician
-
VIP HEADQUARTERS Barber Shop
-
Eagle Rental And Real Estate Real Estate Agency
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
Clinton E Flowers · 6 yrs held
Clinton E Flowers
since 2019
4 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 Spanish Fort submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanish Fort 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
$5,952
Tax year 2023
Assessed value
$165,320
Assessed 2023
Previous assessed
$165,320
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$36,500
Assessed improvement
$128,820
Land market value
$182,500
Improvement market value
$644,100
Total market value
$826,600
Applied tax rate
144.0000
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
For Lease
Year built
2004
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
2
Bathrooms
4
Total area
1,664 SF
Lot
1.4 ac (60,984 SF)
APN
32-08-28-1-001-001.042
UPID
US03-1318927
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Bathrooms
4
Lot
1.4 ac
Current owner
From public records · entity-resolved
Clinton E Flowers
Individual
Free & Clear · 6 yrs held
Mailing address
33509 ALDER CIR, SPANISH FORT, AL 36527-9094
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
$775,000
Clinton E Flowers
Taylor,jeanne M
Warranty Deed
—
—
—
Jeanne M Taylor
—
Loan Modification
related
$127,775 · Regions Bank
—
—
Jeanne M Taylor
—
Loan Modification
related
$120,252 · Regions Bk
—
—
Taylor,jeanne M
—
Loan Modification
related
$123,982 · Regions 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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