9727 Spanish Fort Blvd Spanish Fort, AL 36527
- Retail properties
- 6,131 SF
- 1.52 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9727 Spanish Fort Blvd
- Year built
- 1990
- Lot size
- 1.52 lot acres
- Property size
- 6,131 SF
- Property type
- Retail properties
- APN
- 32-05-22-0-000-081.003
- APU
- 3205220000081003
Property Overview
Located on Highway 31 in Spanish Fort, this property is zoned B-2. The property includes a building that was previously used as a primary residence and is undergoing conversion to B-2 zoning. The building features 6 bedrooms that could be converted into offices, along with an attached warehouse with a roll-up door. The property also includes 1.5 acres of land behind the building for business expansion within the B-2 requirements. The total lot size is 3.04 acres. The property is located within county limits and benefits from high traffic volumes and a turn lane for access.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $945,000
- 6.5%
- $875,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $780,000
- AI Estimate
- $543,000
Market price range: $448k - $1.89MMarket price range: $301k - $1.15M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,010,000 Current use
- MEDICAL BUILDING
- $1,200,000 Change: +19% Conversion: Easy
- OFFICE BUILDING
- $1,115,000 Change: +10% Conversion: Easy
- RETAIL STORES
- $1,030,000 Change: +2% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Spanish Fort
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.8565
- Latitude
- 30.6778
- CBSA code
- 19300
- CBSA name
- DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA