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    Waterfront Land at Lillian Bridge Title is generated by Realmo AI

    12598 6th Street, Lillian, AL 36549

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    Claim this Listing
    For Sale
    $289,350

    Land - Lillian, AL

    Added:
    Dec 18, 2025
    Days on Market:
    159
    Last Refresh:
    May 26 at 11:06 pm

    Property Features for 12598 6th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Other-See Remarks
    Standard status
    Active
    APN
    52-07-26-0-001-129.000

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shannon Young

    Listing agent Shannon Young License #125562

    Listing office Coldwell Banker Coastal Realty 34491 US Hwy 98, Lillian, AL

    Listing date Dec 18, 2025

    MLS# 389277 Listing URL

    Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront property with 50 feet on Perdido Bay.
    • Zoned B‑2 Neighborhood Business, allowing for commercial and residential mixed‑use.
    • High‑visibility location at the Lillian Bridge, connecting Alabama and Florida.
    • Opportunity to build a residence above the business for a live‑work setup.
    • Potential for a signature business location or mixed‑use development.
    • Investment opportunity in a recognizable and traveled location.

    Overview

    Located at the Lillian Bridge, a gateway connecting Florida and Alabama, this waterfront property offers an opportunity to invest, build, and live along Perdido Bay. Zoned B-2 Neighborhood Business, the property allows for a variety of commercial uses, with the added flexibility to build a residence above the business, creating a live-work waterfront. The property features 50 feet of waterfront along Perdido Bay. Positioned at the Lillian Bridge, it offers visibility and access between Alabama and Florida. Potential uses include commercial, mixed-use, or an owner-operated business with residential living above. It offers a blend of waterfront charm, business opportunity, and coastal lifestyle in Lillian. The property is suitable as a signature business location, a mixed-use development, or a long-term investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lillian
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.436361
    Latitude
    30.409686

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      Waterfront property at Lillian Bridge with commercial and residential potential.
      12612 6th Street, Lillian, AL 36549
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    • $289,350

      Waterfront Mixed-Use Opportunity

      Waterfront property at Lillian Bridge, ideal for mixed-use development.
      12664 6th Street, Lillian, AL 36549
      View Details
    • $289,350

      Waterfront Mixed-Use Opportunity

      Waterfront property at Lillian Bridge with commercial and residential potential.
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      Waterfront property at Lillian Bridge, offering mixed-use potential.
      12598 6th Street, Lillian, AL 36549
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    FAQs

    What type of property is this?
    Commercial land - Waterfront mixed-use property at Lillian Bridge, Perdido Bay.
    Where is this commercial land located?
    The property is located at 12598 6th Street Lillian, AL.
    What is the asking price?
    The asking price for this property is $289,350.
    What are key features of this property?
    This property features: Waterfront property with 50 feet on Perdido Bay.; Zoned B‑2 Neighborhood Business, allowing for commercial and residential mixed‑use.; High‑visibility location at the Lillian Bridge, connecting Alabama and Florida.
    (251) 800-2509
    We can help!
    Listing Contact
    Shannon Young
    Real Estate License ID: 125562
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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
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