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    368 Commercial Park Dr Fairhope, AL 36532

    Source: https://www.saltercompany.com
    For Sale
    $695,000

    Prime Fairhope location, 4,159 SF office building.

    Property size:
    4,159 SF

    Description

    Added:
    Jan 31, 2025
    Days on Market:
    310
    This exceptional 4,159 square foot office building presents a compelling investment opportunity in the thriving city of Fairhope, Alabama. Situated on a 0.91-acre lot at 368 Commercial Park Dr, 36532, this property is currently generating income as a multi-tenant investment. The building boasts a well-designed layout, easily adaptable to various configurations. Ten individual offices offer flexibility for diverse business needs, complemented by a spacious conference room, a convenient break room, and four restrooms. The building's excellent condition ensures immediate occupancy and potential for strong rental returns. The net usable space totals 3,681 square feet. This property is ideal for both owner-occupancy and continued operation as a rental investment. The asking price is $695,000. Serious inquiries are encouraged. This is a rare chance to acquire a well-maintained, income-producing asset in a highly desirable Alabama location.

    Property Features for 368 Commercial Park Dr

    General Information

    Property type
    Residential offices
    Square Feet
    4,159 SF
    Price / Square Foot
    $167
    Class
    C
    Elevators
    N/A
    Net Rentable
    3,681 SF
    Lot Size
    39,733 SF

    Building Details

    Year Built/Renovated
    1994/2020
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Fairhope location, ideal for owner‑occupancy or investment.
    • Tenants in place generating income; strong potential for future growth.
    • Spacious layout with 10 offices, conference room, break room, and 4 restrooms.
    Insight Report Location Intelligence

    Current Use by Public Records

    Baldwin County Properties Real Estate Agency Landmark Real Estate ... Property Management Company Journey with Angel Real Estate Agent Rock Creek Property ... Homeowners' Association Taylor Justin Insurance Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    State
    Alabama
    Longitude
    -87.889266
    Latitude
    30.514298

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    FAQs

    What type of property is this?
    Residential office - Prime Fairhope location, 4,159 SF office building.
    Where is this residential office located?
    The property is located at 368 Commercial Park Dr Fairhope, AL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Prime Fairhope location, ideal for owner-occupancy or investment.; Tenants in place generating income; strong potential for future growth.; Spacious layout with 10 offices, conference room, break room, and 4 restrooms.
    (850) 564-0120
    Request Owner's contact information
    368 Commercial Park Dr Fairhope, AL 36532
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    Fairhope, AL 36532
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    Realmo Value Estimation

    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.

    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.

    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
    368 Commercial Park Dr Fairhope, AL 36532
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