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    Canal-Front Dock-Access Lot Title is generated by Realmo AI

    Canal Circle lot 52, Fairhope, AL 36532

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    Claim this Listing
    For Sale
    $114,900

    LAND - Fairhope, AL

    Lot size:
    0.51 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    108
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for Canal Circle lot 52

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    56-07-38-0-000-069.000
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Description
    181.4'X190' BAY HAVEN SUB UNIT 2 LOT 52 PB5 PG122 & 138 (WD)

    We can help!

    Listing Contact
    Hilary Slone

    Listing agent Hilary Slone License #160544

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

    Listing date Feb 16, 2026

    MLS# 391904 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

    • 0.51‑acre canal‑front lot in Bay Haven with canal‑facing water frontage
    • Includes its own dock access for boating and kayaking
    • Lot is currently wooded, with flexibility to clear and design the homesite
    • Buyers should verify all information during due diligence

    Overview

    This for-sale canal-front lot spans about 0.51 acres and is currently wooded, giving a natural buffer while you plan your homesite. With canal-facing water frontage, the property includes its own dock access for boating and kayaking, which can support a waterfront lifestyle. The wooded setting also offers flexibility to clear and design the build area to fit your preferences while maintaining privacy and surrounding natural character.

    The property is located in the waterfront community of Bay Haven in Fairhope, Alabama, and is identified as a Canal Circle lot. Its canal frontage and dock access are the primary site attributes, supporting use as a weekend retreat or a custom primary residence.

    For buyers who want direct water access and a quieter setting to develop at their own pace, this lot provides a straightforward starting point. You can evaluate the site during due diligence and determine the best approach for clearing, layout, and dock utilization. As noted in the seller’s remarks, buyers should verify all information during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.851436
    Latitude
    30.390407

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    FAQs

    What type of property is this?
    Waterfront Land - Wooded canal-front lot with dock access for boating and kayaking, suited for building a private homesite.
    Where is this waterfront land located?
    The property is located at Canal Circle lot 52 Fairhope, AL.
    What is the asking price?
    The asking price for this property is $114,900.
    What are key features of this property?
    This property features: 0.51‑acre canal‑front lot in Bay Haven with canal‑facing water frontage; Includes its own dock access for boating and kayaking; Lot is currently wooded, with flexibility to clear and design the homesite
    (251) 210-8787
    We can help!
    Listing Contact
    Hilary Slone
    Real Estate License ID: 160544
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    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.

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