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

    58979 Jack Springs Road Perdido, AL 36562

    View on Map
    Claim this Listing
    For Sale
    $150,000

    Residential Lots - Perdido, AL

    Lot size:
    5.00 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    198
    Last Refresh:
    Apr 28 at 6:06 pm

    Property Features for 58979 Jack Springs Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-01-02-0-000-004.005
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Leigh Ann Pennington

    Listing agent Leigh Ann Pennington License #93468

    Listing office Real Broker, LLC 3711 20th Ave #100, Birmingham, AL

    Listing date Oct 13, 2025

    MLS# 386547 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.

    Overview

    Residential Lots in North Baldwin

    This 5.003-acre residential lot is located in North Baldwin County, Alabama. The property is heavily wooded and flat, offering privacy and abundant wildlife. It is conveniently located for commuting to Bay Minette and surrounding areas, with Novelis being just 17 minutes away. Minimum build restrictions require a residential dwelling of 1,600 square feet. Utilities are available at Jack Springs Road. The lot has a legal recorded easement on Iron Rock Rd. An additional adjacent 5-acre lot is also for sale, and the owners will consider selling both lots together for a total of 10 acres. The property is located in Perdido, AL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Perdido
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6421953
    Latitude
    31.0906831

    Nearby Similar for Sale

    • $900,000

      Perdido AL Vacant Land Tract

      Large 150-acre tract ideal for recreation, timber investment, or development.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details
    • $480,000

      60-Acre Tract in Perdido, AL

      Rare 60-acre tract in Baldwin County, ideal for recreation/investment.
      0 Splinter Hill Rd, Perdido, AL 36562
      View Details
    • $460,000

      Prime Vacant Land in Perdido

      46-acre tract ideal for recreation, timber investment, or development.
      0 George Thomley Rd, Perdido, AL 36562
      View Details
    • $883,500

      93-Acre Tract in Perdido, AL

      93-acre tract in Perdido, AL, ideal for recreation or development.
      0 Splinter Hill Rd, Perdido, AL 36562
      View Details
    • $460,000

      Prime Land Tract in Perdido

      46-acre tract in Perdido, AL, ideal for recreation and investment.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details
    • $220,000

      20-Acre Land with Pole Barn

      20-acre property with cleared land, pole barn, and food plot.
      Lot 1 Paul Road, Perdido, AL 36562
      View Details
    • $44,100

      Land on County Road 47

      Undeveloped 1.01 acre parcel in Perdido, Alabama.
      0 County Road 47, Perdido, AL 36562
      View Details
    • $3,900,000

      Large Acreage Land in Perdido

      520-acre tract ideal for recreation, timber investment, or development.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details
    • $3,150,000

      Large Acreage Land Parcel

      427-acre tract in Perdido, AL, ideal for recreation, investment.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details
    • $219,500

      17 Acres of Open Pastureland

      17 acres in Perdido school district with no restrictions.
      52814 Robert White Road, Perdido, AL 36562
      View Details
    • $425,000

      Land with Stocked Pond

      Rural property with pond, pasture, and convenient location.
      0 Gap Weekley Road, Perdido, AL 36562
      View Details
    • $150,000

      Residential Land in North Baldwin

      5-acre residential lot in Perdido, AL with abundant wildlife.
      58979 Jack Springs Road, Perdido, AL 36562
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre residential lot with abundant wildlife in North Baldwin County.
    Where is this land located?
    The property is located at 58979 Jack Springs Road Perdido, AL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 5‑acre lot offering privacy and abundant wildlife.; Easy commute to Bay Minette and surrounding areas; Novelis is just 17 minutes away.; Heavily wooded, flat land suitable for building your dream home.
    (251) 622-7991
    We can help!
    Listing Contact
    Leigh Ann Pennington
    Real Estate License ID: 93468
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!