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    For Sale (28)

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    Residential Lot in Canterbury
    $49,500
    0.75 Acres

    Residential Lot in Canterbury

    Building lot in Canterbury, ready for a new home.

    515 Cate Ct, Bay Minette, AL 36507
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    Unzoned Land on Corner Lot
    $159,900
    8.43 Acres

    Unzoned Land on Corner Lot

    8.43 acres of unzoned land with endless possibilities.

    13400 D'olive St, Bay Minette, AL 36507
    View details
    Stockton, AL Land Parcel
    $59,900
    1.15 Acres

    Stockton, AL Land Parcel

    1.15 acre parcel in Stockton, Alabama.

    10501 May Tower Rd, Stockton, AL 36579
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    Unrestricted Land Near Mega Site
    $85,000
    2.00 Acres

    Unrestricted Land Near Mega Site

    Two-acre lot near mega site, ideal for new home.

    15561 Calvin Richerson Rd, Bay Minette, AL 36507
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    Heavily Wooded Land Parcel
    $375,000
    41.40 Acres

    Heavily Wooded Land Parcel

    41+ acres of unrestricted land, suitable for various uses.

    19921 Patty Jr Ln, Bay Minette, AL 36507
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    Land Ideal for Development
    $49,900

    Land Ideal for Development

    Commercial land suitable for medical or retail development.

    1 Hand Ave, Bay Minette, AL 36507
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    Bay Minette Land For Sale
    $199,900

    Bay Minette Land For Sale

    Cleared land near North Baldwin Infirmary, ideal for commercial use.

    Hand Ave, Bay Minette, AL 36507
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    Land in New Subdivision
    $159,900
    3.01 Acres

    Land in New Subdivision

    3+ acre parcels in North Baldwin's newest subdivision.

    County Road 86, Bay Minette, AL 36507
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    Bay Minette Land Parcel
    $159,900
    3.53 Acres

    Bay Minette Land Parcel

    3+ acre land parcel in new North Baldwin subdivision.

    County Road 86, Bay Minette, AL 36507
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    North Baldwin Land Parcel
    $159,900
    3.01 Acres

    North Baldwin Land Parcel

    3+ acre land parcel in new subdivision, single family only.

    County Road 86, Bay Minette, AL 36507
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    Bay Minette Land Parcel
    $159,900
    3.00 Acres

    Bay Minette Land Parcel

    3+ acre land parcel in new North Baldwin subdivision.

    Hurricane Rd, Bay Minette, AL 36507
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    Land Parcel in
    $159,900
    3.12 Acres

    Land Parcel in "The Fleet"

    3+ acre land parcel in North Baldwin's newest subdivision.

    Hurricane Rd, Bay Minette, AL 36507
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    Bay Minette Land Parcel
    $159,900
    3.01 Acres

    Bay Minette Land Parcel

    3+ acre land parcel in new subdivision.

    County Road 86, Bay Minette, AL 36507
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    Bay Minette Land Parcel
    $159,900
    3.03 Acres

    Bay Minette Land Parcel

    3+ acre land parcel in new North Baldwin subdivision.

    Hurricane Rd, Bay Minette, AL 36507
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    Land in New Subdivision
    $159,900
    3.03 Acres

    Land in New Subdivision

    3+ acre parcels in North Baldwin's newest subdivision.

    Hurricane Rd, Bay Minette, AL 36507
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    Bay Minette Land Parcel
    $159,900
    3.00 Acres

    Bay Minette Land Parcel

    3+ acre land parcel in new North Baldwin subdivision.

    Hurricane Rd, Bay Minette, AL 36507
    View details
    Bay Minette Land Parcel
    $159,900
    3.03 Acres

    Bay Minette Land Parcel

    3+ acre land parcel in new North Baldwin subdivision.

    Hurricane Rd, Bay Minette, AL 36507
    View details
    Stockton Land Near Tensaw River
    $75,000
    24.25 Acres

    Stockton Land Near Tensaw River

    24.25 acres in Stockton, suitable for recreational use.

    Bryants Landing Rd, Stockton, AL 36579
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    Unrestricted Land with Creek Frontage
    $120,000
    15.00 Acres

    Unrestricted Land with Creek Frontage

    15-acre property with road frontage and a creek.

    Lottie Rd, Atmore, AL 36502
    View details
    5 Acre Wooded Residential Parcel
    $115,000
    5.00 Acres

    5 Acre Wooded Residential Parcel

    5 acre wooded parcel for residential development near Bay Minette.

    43944 County Road 112, Bay Minette, AL 36507
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    Stockton Land Parcel For Sale
    $67,500
    1.10 Acres

    Stockton Land Parcel For Sale

    1+ acre partially cleared land parcel in Stockton, Alabama.

    52973 State Highway 59, Stockton, AL 36579
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    Stockton Land Parcel For Sale
    $139,900
    3.00 Acres

    Stockton Land Parcel For Sale

    3-acre land parcel in Stockton, ready for your dream home.

    53009 State Highway 59, Stockton, AL 36579
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    Stockton Land Parcel For Sale
    $67,500
    1.08 Acres

    Stockton Land Parcel For Sale

    One-acre partially cleared land parcel in Stockton, Alabama.

    52995 State Highway 59, Stockton, AL 36579
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    Stockton Land Parcel For Sale
    $67,500
    1.10 Acres

    Stockton Land Parcel For Sale

    1+ acre partially cleared land parcel in Stockton, Alabama.

    52977 State Highway 59, Stockton, AL 36579
    View details
    Stockton Land Parcel For Sale
    $67,500
    1.10 Acres

    Stockton Land Parcel For Sale

    1-acre partially cleared land parcel ready for your dream home.

    52965 State Highway 59, Stockton, AL 36579
    View details
    Stockton Land Parcel For Sale
    $59,900

    Stockton Land Parcel For Sale

    1.15 acre parcel in Stockton, partially cleared, wooded.

    10501 May Tower Rd, Stockton, AL 36579
    View details
    Downtown Commercial Building For Sale
    $175,000

    Downtown Commercial Building For Sale

    Commercial building in downtown location, ideal for various businesses.

    122 N Hoyle Ave, Bay Minette, AL 36507
    View details
    Unzoned Land on D'Olive Street
    $159,900

    Unzoned Land on D'Olive Street

    8.43 acres of unzoned land with endless possibilities.

    13400 D'olive St, Bay Minette, AL 36507
    View details

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    Bailey Realty Group LLC
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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
    Bailey Realty Group LLC
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