Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    313 Greeno Rd Fairhope, AL 36532

    View on Map
    Sponsored
    For Sale
    $3,500,000

    Residential Lots - Fairhope, AL

    Lot size:
    3.35 Acres
    Days on Market:
    112
    Last Refresh:
    Mar 12 at 9:06 am

    Property Features for 313 Greeno Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Single Family Residence
    APN
    46-04-17-1-000-002.000
    Lot size
    3.35 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    George Tarlton
    George Tarlton

    Ashurst & Niemeyer, LLC (251) 928-9265

    Listing agent George Tarlton (251) 928-9265 License #104968

    Listing date Nov 20, 2025

    MLS# 388330 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.

    Learn more

    Property Insight Report

    Overview

    Fairhope Residential Lots For Sale

    This 3.351-acre property is located near downtown Fairhope. It features 247 feet of frontage on Greeno Road and 247 feet of frontage on Westley Avenue, extending from Hwy 98/Greeno Road west to the next block. The property, zoned for Single Family Residence, presents the potential for separation into commercial and residential lots or maintenance as a single residence. The land is adorned with live oaks and pine trees, making it ready for development. A 1957 home is situated on the property, offering the option for restoration or removal to accommodate future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8873305
    Latitude
    30.5296998

    Nearby Similar for Sale

    • $164,500
      31.00 Acres

      Improved RV Lot in Fairhope

      RV lot with pergola, outdoor kitchen, and community amenities.
      22267 Fairhope Motorcoach Loop, Fairhope, AL 36532
      View Details
    • $129,900

      Upscale RV Lot in Fairhope

      Class A motor coach lot with pergola near downtown Fairhope.
      22133 Resort Blvd, Fairhope, AL 36532
      View Details
    • $125,000

      Upscale RV Lot in Fairhope

      Class A motor coach lot in gated community near Fairhope.
      22285 Fairhope Motorcoach Loop, Fairhope, AL 36532
      View Details
    • $4,895,000
      52.58 Acres

      Luxury Equestrian Estate Near Fairhope

      53-acre equestrian estate with covered arena and modern amenities.
      8728 Zippers Trl, Fairhope, AL 36532
      View Details
    • $990,000
      20.00 Acres

      20-Acre Horse Farm Opportunity

      20-acre horse farm in Fairhope, close to downtown.
      Langford Rd, Fairhope, AL 36532
      View Details
    • $149,000

      Improved RV Lot in Fairhope

      Upscale RV lot with pergola, kitchen, and fire pit.
      22207 Fairhope Motorcoach Loop, Fairhope, AL 36532
      View Details
    • $1,980,000
      7,000 SF

      Fairhope Commercial Parcels on Highway

      Two contiguous parcels zoned B1 on Hwy 181 in Fairhope.
      19762 Al-181, Fairhope, AL
      View Details
    • $695,000
      4,159 SF

      Fairhope Office Building Investment

      Prime Fairhope location, 4,159 SF office building.
      368 Commercial Park Dr, Fairhope, AL 36532
      View Details
    • $1,900,000
      2,664 SF

      Downtown Fairhope Corner Lot

      Prime downtown location with restaurant and rental cottage.
      51 S Church St, Fairhope, AL 36532
      View Details
    • $1,500,000

      Retail Store Along Mobile Bay

      Retail space with road frontage along Mobile Bay available for sale.
      369 S Mobile St, Fairhope, AL 36532
      View Details
    • $199,000
      4,916 SF

      Fairhope Restaurant & Bar For Sale

      Thriving restaurant, prime Fairhope location. High traffic, strong sales.
      311 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $1,200,000
      1,500 SF

      Fairhope Laundromat - High Demand!

      Profitable, established laundromat in prime location.
      9965 Twin Beech Rd, Fairhope, AL 36532
      View Details

    FAQs

    What type of property is this?
    Land - 3.351 acre residential lots near downtown Fairhope, Alabama.
    Where is this land located?
    The property is located at 313 Greeno Rd Fairhope, AL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Large lot size: 247' x 590' ready to develop.; - Dual frontage: 247' frontage on both Greeno Road and Westley Avenue.; - Prime location: Close to downtown Fairhope.
    (251) 610-6583
    Request Owner's contact information
    313 Greeno Rd Fairhope, AL 36532
    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.
    313 Greeno Rd
    Fairhope, AL 36532
    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
    313 Greeno Rd Fairhope, AL 36532
    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

    We can help!
    Listing Contact
    George Tarlton
    George Tarlton
    Real Estate License ID: 104968
    (251) 610-6583 (251) 928-9265
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!