Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Spanish Fort Title is generated by Realmo AI

    23 Farrington Lane lot 23, Spanish Fort, AL 36527

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 23 Farrington Lane lot 23, Spanish Fort, AL
    For Sale
    Contact for pricing

    LAND - Spanish Fort, AL

    Lot size:
    0.36 Acres
    Added:
    Dec 29, 2023
    Days on Market:
    884
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 23 Farrington Lane lot 23

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family Residence
    Standard status
    Active
    APN
    32-03-41-0-000-001.217
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Description
    96.2 X 168.4 IRR LOT 23 STILLWATER PHASE FOUR SLIDE 2601-C SEC 41-T4S-R2E (WD)

    Utilities

    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Kate Irvine
    Kate Irvine

    Listing agent Kate Irvine License #96004

    Listing office Bellator Real Estate, LLC 5800 Allen Rd, Daphne, AL

    Listing date Dec 29, 2023

    MLS# 355754 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

    • Build a custom home on this lot.
    • Lake Front property.
    • Access to community clubhouse with pool, kiddie pool, tennis courts, playground, grilling area, and firepit.
    • Located in the Stillwater community of Spanish Fort.
    • Backdrops of woods.
    • Sidewalks throughout the community.

    Overview

    This 0.358-acre lot is located in Spanish Fort, AL, and is zoned for single-family residences. The lot is situated in the Stillwater community, which features wooded backdrops, sidewalks, and community lakes. Residents have access to a clubhouse with a pool, kiddie pool, tennis courts, playground, grilling area, and firepit. This lot presents an opportunity to build a custom home in a community that offers both relaxation and active pursuits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Cafe & Coffee Shop Home Appliance Store Florist Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8956077
    Latitude
    30.7211318

    Nearby Similar for Sale

    • $487,500

      Waterfront Land on Battleship Parkway

      Approximately 5 acres of waterfront land on Pass Picada.
      0 Battleship Parkway, Spanish Fort, AL 36527
      View Details
    • $487,500

      Waterfront Land on Battleship Parkway

      Approximately 5 acres of waterfront land on Pass Picada.
      0 Battleship Parkway, Spanish Fort, AL 36527
      View Details
    • $649,000

      Prime Commercial Land Opportunity

      1.12 acre commercial lot in Spanish Fort, Alabama.
      7080 Spanish Fort Boulevard, Spanish Fort, AL 36527
      View Details
    • $349,000

      Kelsey Estates Wooded Residential Lots

      6.5 acres in Spanish Fort, ideal for custom estate.
      3 State Highway 225, Spanish Fort, AL 36527
      View Details
    • $275,000

      Prime Land in Spanish Fort

      Excellent opportunity in a growing Spanish Fort business area.
      30701 Stanton Road, Spanish Fort, AL 36527
      View Details
    • $5,800,000

      Waterfront Land in Spanish Fort

      Large waterfront property in Baldwin County's growth corridor.
      0 Hwy 225, Spanish Fort, AL 36527
      View Details
    • $185,000

      Wooded Homesite Near Mobile Bay

      1.29 acre wooded homesite near Mobile Bay.
      1 State Highway 225, Spanish Fort, AL 36527
      View Details
    • $275,000

      Kelsey Estates Wooded Land

      4.2 acres in desirable Kelsey Estates, near Mobile Bay.
      2 State Highway 225, Spanish Fort, AL 36527
      View Details
    • $34,900

      Residential Lot in Spanish Fort

      Over half-acre lot with scenic backdrop and hardwood trees.
      0 Bugle Retreat, Spanish Fort, AL 36527
      View Details
    • $41,700

      Buildable Lot in Blakeley Oaks

      Buildable lot in Spanish Fort, near Blakeley State Park.
      0 Blakeley Oaks Drive, Spanish Fort, AL 36527
      View Details
    • $375,000

      Residential Land in Spanish Fort

      7.9 acres of land ready for building a home.
      33521 Jimmy Faulkner Drive, Spanish Fort, AL 36527
      View Details
    • $1,650,000

      Spanish Fort Subdivision Land Opportunity

      82-lot subdivision with engineering, water frontage, and timber.
      002 Hwy 225, Spanish Fort, AL 36527
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available for custom home in Spanish Fort, AL.
    Where is this residential land & home lot located?
    The property is located at 23 Farrington Lane lot 23 Spanish Fort, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Build a custom home on this lot.; Lake Front property.; Access to community clubhouse with pool, kiddie pool, tennis courts, playground, grilling area, and firepit.
    (251) 455-3677
    We can help!
    Listing Contact
    Kate Irvine
    Kate Irvine
    Real Estate License ID: 96004
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23 Farrington Lane lot: 23, Spanish Fort, AL 36527
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!