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    For Sale (29)

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    Land Near Novelis Aluminum Plant
    $120,000
    2.84 Acres

    Land Near Novelis Aluminum Plant

    Prime land close to I-65 and Novelis Aluminum Plant.

    15660 Louis Cooper Rd, Bay Minette, AL 36507
    View details
    Residential Lot Near Waterfront Park
    $124,900
    0.64 Acres

    Residential Lot Near Waterfront Park

    Residential lot in Spanish Fort near future waterfront park.

    Speckle Trout Rte, Spanish Fort, AL 36527
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    Residential Lot in Deerfield Estates
    $85,000
    3.00 Acres

    Residential Lot in Deerfield Estates

    Build-ready lot in sought-after community with updated drainage.

    Deerfield Dr, Irvington, AL 36544
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    Residential Lot Near Beach Access
    $265,000
    0.20 Acres

    Residential Lot Near Beach Access

    Residential lot in Orange Beach, close to beach and boating.

    Cotton Bayou Dr, Orange Beach, AL 36561
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    Residential Lot Near Beach Access
    $265,000
    0.20 Acres

    Residential Lot Near Beach Access

    Residential lot in Orange Beach, close to beach and boating.

    Cotton Bayou Dr, Orange Beach, AL 36561
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    Waterfront Land with Mobile Home
    $389,900
    2.38 Acres

    Waterfront Land with Mobile Home

    Waterfront property on Owens Bayou with existing mobile home.

    23790 S County Road 12, Foley, AL 36535
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    Two-Acre Commercial Land Opportunity
    $1,599,000
    2.01 Acres

    Two-Acre Commercial Land Opportunity

    Unzoned land near I-65 and Novelis plant.

    000 Rabun Rd, Bay Minette, AL 36507
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    Commercial Land Near Interstate 65
    $600,000
    0.76 Acres

    Commercial Land Near Interstate 65

    Unzoned land near I-65 and Novelis plant.

    15243 Shipp Rd, Bay Minette, AL 36507
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    Waterfront Land in Orange Beach
    $2,999,000
    2.45 Acres

    Waterfront Land in Orange Beach

    Rare 2.45-acre waterfront lot on Terry Cove.

    28092 Canal Rd, Orange Beach, AL 36561
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    RV Lot in Orange Beach
    $319,000
    0.10 Acres

    RV Lot in Orange Beach

    Improved RV lot for sale in Orange Beach, Alabama.

    23601 Perdido Beach Blvd, Orange Beach, AL 36561
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    Land in Spanish Fort, AL
    $130,000
    1.61 Acres

    Land in Spanish Fort, AL

    1.6 acre lot ready for your dream home.

    Colonel Grierson Dr, Spanish Fort, AL 36527
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    Residential Lot in Stillwater Community
    Contact for pricing
    0.53 Acres

    Residential Lot in Stillwater Community

    Residential lot with community amenities in Spanish Fort, Alabama.

    Boardwalk Dr, Spanish Fort, AL 36527
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    Waterfront Residential Lot Ready to Build
    $899,999
    0.44 Acres

    Waterfront Residential Lot Ready to Build

    Cleared waterfront lot with permits for boat dock and seawall.

    8963 Bay Point Dr, Elberta, AL 36530
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    Unzoned Land Near Interstate 65
    $850,000
    2.02 Acres

    Unzoned Land Near Interstate 65

    2.016-acre commercial land near I-65 and Novelis plant.

    15281 Shipp Rd, Bay Minette, AL 36507
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    Residential Lots in Stillwater Community
    Contact for pricing
    0.49 Acres

    Residential Lots in Stillwater Community

    Residential lots in Stillwater Community with many amenities.

    Boardwalk Dr, Spanish Fort, AL 36527
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    Ono Island Canal Front Lot
    $550,000
    0.66 Acres

    Ono Island Canal Front Lot

    Waterfront lot on Ono Island with community amenities.

    River Rd, Orange Beach, AL 36561
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    Ono Island Residential Lot
    $169,900

    Ono Island Residential Lot

    Spacious lot on Ono Island with community amenities.

    31249 Oak Dr, Orange Beach, AL 36561
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    Luxury Gulf Front Penthouse
    $1,650,000

    Luxury Gulf Front Penthouse

    Renovated, fully furnished 5-bedroom penthouse with stunning Gulf views.

    375 Beach Club Trl, Gulf Shores, AL 36542
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    Gulf-Front Condo in Orange Beach
    $665,000

    Gulf-Front Condo in Orange Beach

    Stunning Gulf-front condo with breathtaking views and beach access.

    24250 Perdido Beach Blvd, Orange Beach, AL 36561
    View details
    Highway Frontage Metal Building
    $1,200,000

    Highway Frontage Metal Building

    3.04 acre property with highway frontage in Spanish Fort.

    9727 Spanish Fort Blvd, Spanish Fort, AL 36527
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    Condo Near Orange Beach Amenities
    $230,000

    Condo Near Orange Beach Amenities

    Cozy condo with boat slips near beach and dining.

    25957 Canal Rd, Orange Beach, AL 36561
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    Two Acre Commercial Land Available
    $1,599,000

    Two Acre Commercial Land Available

    Two acre vacant land near I-65 and Novelis plant.

    000 Rabun Rd, Bay Minette, AL 36507
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    Waterfront Land on Canal Road
    $2,999,000

    Waterfront Land on Canal Road

    Waterfront land available on Canal Road in Orange Beach.

    28092 Canal Rd, Orange Beach, AL 36561
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    Waterfront Land on Owens Bayou
    $389,900

    Waterfront Land on Owens Bayou

    Waterfront property on Owens Bayou with direct access to Wolf Bay.

    23790 S County Road 12, Foley, AL 36535
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    Unzoned Land Near Interstate 65
    $600,000

    Unzoned Land Near Interstate 65

    Commercial land near I-65 and Novelis plant, outside city limits.

    15243 Shipp Rd, Bay Minette, AL 36507
    View details
    Land Near Novelis Aluminum Plant
    $179,900

    Land Near Novelis Aluminum Plant

    Prime land close to I-65 and Novelis Aluminum Plant.

    15660 Louis Cooper Rd, Bay Minette, AL 36507
    View details
    Gulf-Front Condo at The Beach Club
    $1,100,000
    2,231 SF

    Gulf-Front Condo at The Beach Club

    Stunning 4-bedroom condo with breathtaking gulf views and resort amenities.

    375 Beach Club Trl, Gulf Shores, AL 36542
    View details
    Highway Frontage Commercial Property
    $1,200,000

    Highway Frontage Commercial Property

    3.04 acres with 6000+ sq ft metal building.

    9727 Spanish Fort Blvd, Spanish Fort, AL 36527
    View details
    Unzoned Land Near Interstate 65
    $699,000

    Unzoned Land Near Interstate 65

    2.1-acre unzoned lot near I-65 and Novelis plant.

    15281 Shipp Rd, Bay Minette, AL 36507
    View details

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    • For Sale

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    Alabama Gulf Coast LLC DBA Keller Williams Realty Alabama Gulf Coast
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Alabama Gulf Coast LLC DBA Keller Williams Realty Alabama Gulf Coast
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