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

    9731 Clarke Ridge Rd Foley, AL 36535

    Sponsored
    For Sale
    $589,900

    Land - Foley, AL

    Lot size:
    3.20 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 3 at 6:06 pm

    Property Features for 9731 Clarke Ridge Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    61-01-12-0-000-038.000
    Lot size
    3.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ralph Harvey

    ListWithFreedom.com (855) 456-4945

    Listing agent Ralph Harvey (855) 456-4945 License #111198

    Listing date Mar 2, 2026

    MLS# 392651 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

    Waterfront Land on Wolf Creek

    This 3.2-acre parcel offers 380 feet of direct waterfront on Wolf Creek, south of the Miflin Road bridge, providing direct access to Wolf Bay and the Gulf of Mexico. The property allows for a multi-family compound or oversized estate. It is located 5 minutes from OWA and 10 minutes from Orange Beach. A large portion of the estate is located in flood zone X. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title. The property is located in Foley, Alabama.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Furniture & Home Goods Daycare Center Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6241357
    Latitude
    30.3691436

    Nearby Similar for Sale

    • $850,000
      12,107 SF

      Foley Commercial Space For Sale

      Prime commercial space in Foley near Highway 59 and Industrial Park.
      339 Berry Ave E, Foley, AL 36535
      View Details
    • New
      $127,500

      Luxury RV Lot in Foley

      Turn-key RV lot with premium improvements in Bella Terra Resort.
      325 Portofino Loop, Foley, AL 36535
      View Details
    • $309,900
      392 SF

      Improved RV Lot with Casita

      Luxury RV lot with casita and extended outdoor living space.
      500 Portofino Loop, Foley, AL 36535
      View Details
    • $129,000
      6,000 SF

      Luxury RV Lot in Foley

      Improved RV lot in a top-rated luxury resort.
      604 Sereno St, Foley, AL 36535
      View Details
    • $89,500

      Luxury RV Lot in Foley

      Well-maintained RV lot in Bella Terra RV Resort.
      577 Portofino Loop, Foley, AL 36535
      View Details
    • $89,900

      Luxury RV Lot in Foley

      Premium RV lot with screened pavilion and resort amenities.
      309 Portofino Loop, Foley, AL 36535
      View Details
    • $250,900
      224 SF

      Improved RV Lot in Foley, AL

      Move-in ready RV lot with casita and outdoor kitchen.
      737 Lago Way, Foley, AL 36535
      View Details
    • $152,900
      0.07 Acres

      Improved RV Lot in Foley, AL

      RV lot with gazebo in Grand Riviera RV Resort.
      733 Vacation Cir, Foley, AL 36535
      View Details
    • $299,000
      340 SF

      Luxury RV Lot with Casita

      Premium RV lot with casita and resort amenities.
      432 Portofino Loop, Foley, AL 36535
      View Details
    • $85,000

      Luxury RV Lot in Foley

      Improved RV lot in Bella Terra RV Resort, Foley, AL.
      321 Portofino Loop, Foley, AL 36535
      View Details
    • $134,900

      Luxury RV Lot with Gazebo

      Spacious RV lot with gazebo and resort amenities.
      512 Portofino Loop, Foley, AL 36535
      View Details
    • $265,000
      224 SF

      Improved RV Lot in Foley

      Luxury RV lot with casita and outdoor living space.
      837 Carrozza Ln, Foley, AL 36535
      View Details

    FAQs

    What type of property is this?
    Waterfront Property - 3.2 acres with 380 ft waterfront, Gulf access.
    Where is this waterfront property located?
    The property is located at 9731 Clarke Ridge Rd Foley, AL.
    What is the asking price?
    The asking price for this property is $589,900.
    What are key features of this property?
    This property features: - 380 ft of direct waterfront with direct access to Wolf Bay and the Gulf of Mexico.; - 3.2 acre parcel offering ample space for a large estate or multi-family compound.; - Located in desirable flood zone X, providing building flexibility.
    (855) 456-4945
    Request Owner's contact information
    9731 Clarke Ridge Rd Foley, AL 36535
    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.
    9731 Clarke Ridge Rd
    Foley, AL 36535
    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
    9731 Clarke Ridge Rd Foley, AL 36535
    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
    Ralph Harvey
    Real Estate License ID: 276593262
    (855) 456-4945 (855) 455-4945 (888) 456-4945
    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!