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Property profile & analytics
OFF-MARKET
Commercial land
Fairhope, AL 36532
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0551913
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Total area
912 SF
Lot
0.14 ac (6,098 SF)
APN
46-03-37-0-007-068.513
UPID
US03-0551913
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
404 Oak LLC · 2 yrs held
404 Oak LLC
since 2024
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
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
$3,609
Tax year 2023
Assessed value
$78,460
Assessed 2023
Previous assessed
$78,460
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$78,460
Land market value
$392,300
Total market value
$392,300
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Heating
NONE
Stories
1
Rooms
5
Total area
912 SF
Lot
0.14 ac (6,098 SF)
APN
46-03-37-0-007-068.513
UPID
US03-0551913
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
1955
Heating
NONE
Stories
1
Rooms
5
Lot
0.14 ac
Current owner
From public records · entity-resolved
404 Oak LLC
Entity
Mailing address
10535 LONGFELLOW TRCE, SHREVEPORT, LA 71106-9377
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
404 Oak LLC
Fairhope Single Tax Corporation
Deed
—
Jul 16, 2024
$300,000
404 Oak LLC
Mullarky Farms LLC
Warranty Deed
—
Jan 5, 2022
—
Mullarky Farms LLC
Fairhope Single Tax Corporation
Lease
—
Dec 16, 2021
—
Houston Holdings Of Florida LLC
Fairhope Single Tax Corporation
Lease
—
Dec 29, 2016
—
Houston Holdings Of Florida LLC
—
Deed
related
$100,000 · Community Bank Coast
Mar 9, 2015
$150,000
Houston Holdings Of Florida LLC|sikorowski,peter F
Sikorowski Peter F & Laurie A
Grant Deed
related
—
Feb 3, 2010
—
Peter F Etal Sikorowski
Sikorowski,peter F
Quit Claim Deed
related
—
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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