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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Office buildings
956 Commerce Loop Gulf Shores, AL 36542-2817
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0035508
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
8,032 SF
Lot
1.1 ac (47,916 SF)
APN
66-02-04-4-001-001.021
UPID
US03-0035508
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
-
CrossCountry Mortgage, LLC Loan Service Bank
-
Landson Adjusting Group Financial Advisor
-
Ryals Realty Real Estate Agency
-
Treasure Coast Contracting Construction Company General Contractor
-
IEG Hospitality & Staffing Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$955k
Owner & transaction history
Turf Tek Ll · 4 yrs held
Turf Tek Ll
since 2021
Last sale
$800,000
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 Gulf Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Shores 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
$1,085,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,580,000
Current use
MEDICAL BUILDING
$1,570,000
Change: -1% · Conversion: Easy
RETAIL STORES
$1,345,000
Change: -15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,320,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $800k (Sep 3 2021)
Last sale anchor
$800k
Sep 3 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
$119 / 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
$7,257
Tax year 2023
Assessed value
$219,920
Assessed 2023
Previous assessed
$219,920
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$13,060
Assessed improvement
$206,860
Land market value
$65,300
Improvement market value
$1,034,300
Total market value
$1,099,600
Applied tax rate
8.0000
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
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
8,032 SF
Lot
1.1 ac (47,916 SF)
APN
66-02-04-4-001-001.021
UPID
US03-0035508
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
OFFICE BUILDING Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Turf Tek Ll
Individual
Mailing address
PO BOX 904, GULF SHORES, AL 36547-0904
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
$800,000
Turf Tek Ll
Nashonal Display INC
Warranty Deed
—
Jul 30, 2018
—
956 Commerce LLC
—
Deed
related
$250,000 · Whitney Bank
Jan 23, 2013
$400,000
956 Commerce LLC
First National Bank Of Baldwin Coun
Warranty Deed
$340,000 · Branch Banking And Trust Co
Apr 30, 2010
$712,000
First Natl Bk Of Baldwin
Auctioneer Of Baldwin County
Trustees Deed
related
—
Nov 25, 2008
$941,675
Ernest W Freeman
William R Jewett
Foreclosure
related
—
Nov 20, 2007
$100,000
B & Bj LLC
Jewett,william R JR & Bridget S
Quit Claim Deed
related
—
Jun 13, 2006
$1,090,000
William R Jewett JR
Trustmark South Of Alabama INC
Warranty Deed
$926,500 · Vision Bank
Aug 27, 2004
—
Airport Authority Of City/gulf Sh
City Of Gulf Shores
Quit Claim Deed
related
—
—
—
Trustmark South Of Alabama INC
—
Deed Of Trust
related
$792,000 · Vision Bank Fsb
—
—
Trustmark South Of Alabama
—
Deed Of Trust
related
$200,000 · Vision Bank Fsb
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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