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    Coldwell Banker Reehl Properties

    24190 US Hwy 98 Ste. B, Fairhope, AL 36532
    (251) 990-6622
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    Size: 10+ agents

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    For Sale (37)

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    Residential Lots in Daphne, AL
    $160,000
    0.83 Acres

    Residential Lots in Daphne, AL

    Three residential lots totaling 0.83 acres in Daphne, Alabama.

    Essex St, Daphne, AL 36526
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    Residential Lots in Upscale Development
    $179,500
    0.40 Acres

    Residential Lots in Upscale Development

    Residential lots in Fairhope, Alabama, with premier upscale development.

    246 Mount Pleasant Blvd, Fairhope, AL 36532
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    Residential Lots in Upscale Development
    $200,000
    0.83 Acres

    Residential Lots in Upscale Development

    Residential lots in Fairhope, Alabama, with premier upscale development.

    254 Mount Pleasant Blvd, Fairhope, AL 36532
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    Stockton Land with Road Frontage
    $39,900
    1.68 Acres

    Stockton Land with Road Frontage

    Wooded acreage near Stockton, AL, with road frontage and utilities.

    May Tower Rd, Stockton, AL 36579
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    Residential Lots in Upscale Development
    $175,000
    0.51 Acres

    Residential Lots in Upscale Development

    Residential lots in Fairhope, AL, with premier upscale development.

    222 Mount Pleasant Blvd, Fairhope, AL 36532
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    Residential Lots in Upscale Development
    $175,000
    0.61 Acres

    Residential Lots in Upscale Development

    Residential lots in Fairhope, AL, with premier upscale development.

    626 Teton Rdg Rd, Fairhope, AL 36532
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    Residential Lots in Upscale Development
    $199,500
    0.56 Acres

    Residential Lots in Upscale Development

    Residential lots in Fairhope, AL, with premier upscale development.

    225 Mount Pleasant Blvd, Fairhope, AL 36532
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    Wooded Land with River Frontage
    $350,000
    10.00 Acres

    Wooded Land with River Frontage

    10+/- acre wooded lot with 420' frontage on Fish River.

    24050 N River Rd, Daphne, AL 36526
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    Waterfront Land with Private Dock
    $625,000
    9.84 Acres

    Waterfront Land with Private Dock

    Almost 10-acre waterfront parcel on Nolte Creek with private dock.

    13595 Douglas Ln, Foley, AL 36535
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    Residential Lots in Orange Beach
    $300,000
    0.11 Acres

    Residential Lots in Orange Beach

    Residential lots near waterfront, restaurants, and boat launch.

    Gulf Ave, Orange Beach, AL 36561
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    Residential Lot in Fairhope Community
    $217,500

    Residential Lot in Fairhope Community

    Residential lot with lake views in sought-after Fairhope subdivision.

    Mount Pleasant Blvd, Fairhope, AL 36532
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    Residential Lots in Daphne, AL
    $185,000
    7.80 Acres

    Residential Lots in Daphne, AL

    7.8 acres of wooded residential land in Daphne, Alabama.

    24923 Friendship Rd, Daphne, AL 36526
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    Robertsdale Wooded 1.4-Acre Parcel
    $115,000
    1.40 Acres

    Robertsdale Wooded 1.4-Acre Parcel

    1.4-acre wooded parcel near Beach Express and Highway 59.

    19918 Wilters St, Robertsdale, AL 36567
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    Montrose Acre Lot For Sale
    $399,500
    1.01 Acres

    Montrose Acre Lot For Sale

    One-acre residential lot in historic Montrose, Fairhope, Alabama.

    23699 Main St, Fairhope, AL 36532
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    Residential Lots in Upscale Development
    $195,000
    0.83 Acres

    Residential Lots in Upscale Development

    Premier Fairhope residential lots in an upscale, insulated development.

    250 Mount Pleasant Blvd, Fairhope, AL 36532
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    Residential Lots in Fairhope, AL
    $199,000
    0.64 Acres

    Residential Lots in Fairhope, AL

    Residential lots in a park-like setting with convenient location.

    Mount Pleasant Blvd, Fairhope, AL 36532
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    Robertsdale Land Near I-10
    $169,900
    7.50 Acres

    Robertsdale Land Near I-10

    7.5 acre wooded homesite near I-10 in Robertsdale, AL.

    Patterson Rd, Robertsdale, AL 36567
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    5.6 Acres Land with Utilities
    $275,000
    5.60 Acres

    5.6 Acres Land with Utilities

    5.6+/- acre homesite with water meter near Spanish Fort schools.

    36636 Legacy Way, Bay Minette, AL 36507
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    Residential Land in Daphne, AL
    Contact for pricing
    0.16 Acres

    Residential Land in Daphne, AL

    Building lot available in Creekside, Daphne, Alabama.

    Holley Ct, Daphne, AL 36526
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    Undeveloped Acreage Near Fish River
    $1,515,000
    101.00 Acres

    Undeveloped Acreage Near Fish River

    101 unzoned acres with hardwood, pine, and pasture.

    County Road 64, Loxley, AL 36551
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    Residential Lots in Fairhope, AL
    $149,500
    0.50 Acres

    Residential Lots in Fairhope, AL

    Residential lots in a park-like setting with lake views.

    102 Mount Pleasant Blvd, Fairhope, AL 36532
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    6.3 Acres of Pastureland
    $475,000
    6.30 Acres

    6.3 Acres of Pastureland

    6.3 acres of lush woods and fenced pastureland near Fairhope.

    12200 Mary Ann Beach Road Ext, Fairhope, AL 36532
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    Heavily Wooded Acreage in Foley
    $1,499,000
    168.00 Acres

    Heavily Wooded Acreage in Foley

    168+/- acres of wooded land with easement access.

    Benton Rd, Foley, AL 36535
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    Magnolia Springs Land For Sale
    $2,500,000
    78.06 Acres

    Magnolia Springs Land For Sale

    Beautiful 78-acre property ideal for luxury homesites.

    County Road 49, Magnolia Springs, AL 36535
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    Residential Lot in Blakeley Forest
    $89,000
    0.61 Acres

    Residential Lot in Blakeley Forest

    Wooded homesite in Blakeley Forest Subdivision, Spanish Fort, AL.

    Atlanta Cir, Spanish Fort, AL 36527
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    Schillinger Road Land Opportunity
    $1,200,000
    11.50 Acres

    Schillinger Road Land Opportunity

    11.5 acres with road frontage, potential for development.

    5063 S Schillinger Rd, Mobile, AL 36619
    View details
    Silverhill Land with Commercial Potential
    $265,000
    5.66 Acres

    Silverhill Land with Commercial Potential

    5.66 acres in Silverhill, AL with commercial potential.

    North Blvd, Silverhill, AL 36576
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    Residential Lot in Timbercreek
    Contact for pricing
    0.85 Acres

    Residential Lot in Timbercreek

    Residential lot with amenities in Timbercreek, Daphne, Alabama.

    30708 Azalea Ct, Daphne, AL 36527
    View details
    Heavily Wooded Acres in Belforest
    $649,900
    19.00 Acres

    Heavily Wooded Acres in Belforest

    19 acres of wooded land near Belforest School in Daphne, AL.

    26702 W County Road 54, Daphne, AL 36526
    View details
    Residential Lots in Fairhope, AL
    $149,500
    0.61 Acres

    Residential Lots in Fairhope, AL

    Residential lots in a park-like setting with stunning architecture.

    203 Castlands Ct, Fairhope, AL 36532
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    Residential Lots in Fairhope, AL
    $169,500
    0.75 Acres

    Residential Lots in Fairhope, AL

    Residential lots in a park-like setting with stunning architecture.

    221 Castlands Ct, Fairhope, AL 36532
    View details
    97 Acres in Fairhope
    $149,500

    97 Acres in Fairhope

    97-acre tract with lakes, estate and cottage-sized lots.

    203 Castlands Ct, Fairhope, AL 36532
    View details
    Fairhope Acreage with Horse Barn
    $475,000

    Fairhope Acreage with Horse Barn

    6.3 acres near Mobile Bay with horse barn.

    12200 Mary Ann Beach Road Ext, Fairhope, AL 36532
    View details
    Heavily Wooded Acres in Belforest
    $649,900

    Heavily Wooded Acres in Belforest

    19 +/- wooded acres near school, I-10, shopping, and entertainment.

    26702 W County Road 54, Daphne, AL 36526
    View details
    Schillinger Road Development Opportunity
    $1,200,000

    Schillinger Road Development Opportunity

    11.5 acres on Schillinger Road with development potential.

    5063 S Schillinger Rd, Mobile, AL 36619
    View details
    Wooded Land with River Frontage
    $350,000

    Wooded Land with River Frontage

    10+/- acre wooded lot with 420' frontage on Fish River.

    24050 N River Rd, Daphne, AL 36526
    View details
    Waterfront Land with Private Dock
    $625,000

    Waterfront Land with Private Dock

    Almost 10-acre waterfront parcel with 600 feet of frontage.

    13595 Douglas Ln, Foley, AL 36535
    View details

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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
    Coldwell Banker Reehl Properties
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