Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8 Hospital St Bay Minette, AL 36507

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    Contact for pricing

    Prime Vacant Lot, City Utilities Available

    Property size:
    20,000 SF

    Description

    Added:
    Feb 4, 2025
    Days on Market:
    359
    This exceptional 0.46-acre vacant commercial lot presents a unique investment opportunity in Bay Minette, Alabama. Located directly across from the South side of North Baldwin Infirmary and its associated medical complex, this 19,000-20,000 square foot parcel offers high visibility and convenient access. Its strategic location makes it ideal for a variety of commercial uses, catering to the significant foot and vehicle traffic generated by the medical center. All city utilities are readily available, simplifying development and reducing infrastructure costs. While the property is zoned for commercial use, all development plans must receive city approval. This ensures compliance with local regulations and contributes to the overall aesthetic and functionality of the area. The lot's size provides ample space for a substantial commercial building or a smaller development with ample parking. This is a rare chance to acquire a well-situated commercial lot in a growing area with strong potential for return on investment. Serious inquiries are encouraged.

    Property Features for 8 Hospital St

    General Information

    Property type
    Other land
    Square Feet
    20,000 SF
    Elevators
    N/A
    Lot Size
    20,000 SF

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    HighLights

    • Prime 19,000‑20,000 sq ft commercial lot in Bay Minette, AL.
    • Across from North Baldwin Infirmary, ideal for medical‑related businesses.
    • All city utilities available; plans subject to city approval.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    State
    Alabama
    Longitude
    -88.096668
    Latitude
    30.676104

    Nearby Comparable

    • $2,700,000
      342 SF

      Prime Foley Commercial Land

      High-traffic Hwy 59 frontage, multiple parcels.
      8437 AL-59, Foley, AL 36535
      View Details
    • $680,000
      6,750 SF

      Mobile Office Building Investment

      Prime multi-tenant office building, high occupancy.
      4080 Government Blvd, Mobile, AL 36693
      View Details
    • $1,295,000
      9,400 SF

      Downtown Mobile Historic Bank Building

      9,400 SF Multi-Family/Office Opportunity
      68 St Francis St, Mobile, AL 36602
      View Details
    • $650,000
      6,991 SF

      Mobile Office Building Investment Opportunity

      6,991 SF Office Building - High-Traffic Location
      2375 Airport Blvd, Mobile, AL 36606
      View Details
    • $650,000
      5,496 SF

      Airport Blvd. Retail Investment

      High-traffic Mobile, AL retail space.
      2375 Airport Blvd, Mobile, AL 36606
      View Details
    • $650,000

      Mobile Office Building For Sale

      Office building available for purchase in Mobile, Alabama.
      2375 Airport Blvd, Mobile, AL 36606
      View Details
    • $350,000

      Prime Midtown Commercial Land

      Vacant land in Midtown with B-2 zoning.
      2350 Airport Blvd, Mobile, AL 36606
      View Details
    • $2,200,000
      22,039 SF

      Daphne Office Building - 19,945 SF

      Turn-key office building, ideal for Eastern Shore business.
      25366 Profit Dr, Daphne, AL 36526
      View Details
    • $359,000
      1,872 SF

      Midtown Mobile Office Building

      Prime Midtown location, 1,872 SF office/retail space.
      2408 Government St, Mobile, AL 36606
      View Details
    • $359,000
      1,872 SF

      Midtown Mobile Freestanding Office Building

      Freestanding office building in Midtown Mobile with on-site parking.
      2408 Government St, Mobile, AL 36606
      View Details
    • $205,000
      1,812 SF

      Midtown Mobile Office Building

      Free-standing office, 1,323 SF, 8 parking spaces
      355 Westwood St, Mobile, AL 36606
      View Details
    • $475,000
      0.38 Acres

      Mechanic Shop and Commercial Land

      Commercial garage with equipped bays, lifts, and additional land.
      2301 Government St, Mobile, AL 36606
      View Details

    Nearby Similar for Sale

    • $1,200,000
      1,530 SF

      Texaco Gas Station For Sale

      Newly renovated gas station with real property and business.
      415 D'olive St, Bay Minette, AL
      View Details
    • $1,250,000

      Prime Commercial Property on Highway

      High-visibility commercial property with highway frontage and multiple access points.
      251 Us Highway 31 S, Bay Minette, AL 36507
      View Details
    • $395,000

      Commercial Building on 1.5 Acres

      3,725 SF building with highway frontage and redevelopment potential.
      2410 Hwy, Bay Minette, AL
      View Details
    • $2,400,000
      4,800 SF

      Unrestricted Land with Metal Building

      5.5 acres with 4,800 SF building near Novelis plant.
      49313 Rabun Rd, Bay Minette, AL 36507
      View Details
    • $795,000
      3,000 SF

      Bay Minette Gas Station Opportunity

      Gas station with tenant, pumps, and steel tanks for sale.
      1130 Us-31, Bay Minette, AL
      View Details
    • $750,000

      Highway 31 Commercial Opportunity

      Vacant building and leased auto garage on Highway 31.
      2307 Hwy, Bay Minette, AL
      View Details
    • $1,485,000
      39,504 SF

      Office Warehouse Facility For Sale

      Office warehouse facility with multiple buildings, formerly a lumber operation.
      501 Pearson Dr, Bay Minette, AL 36507
      View Details
    • Contact for pricing
      1,530 SF

      Prime Bay Minette Gas Station

      Newly Renovated Texaco, High Traffic Area
      415 D'olive St, Bay Minette, AL 36507
      View Details
    • $774,821
      2,344 SF

      Bay Minette Shrimp Basket Net Lease

      Profitable Seafood Restaurant Investment Opportunity
      1113 S US Highway 31, Bay Minette, AL 36507
      View Details
    • $250,000
      5,395 SF

      Prime Bay Minette Commercial Space

      Versatile 5,395 SF building, ideal for various uses.
      904 S US Highway 31, Bay Minette, AL 36507
      View Details
    • $549,900
      2,481 SF

      Bay Minette Office Building & Land

      Versatile 6.5-acre property with 2,481 SF building.
      720 S White Ave, Bay Minette, AL 36507
      View Details

    FAQs

    What type of property is this?
    Land - Prime Vacant Lot, City Utilities Available
    Where is this land located?
    The property is located at 8 Hospital St Bay Minette, AL.
    What are key features of this property?
    This property features: Prime 19,000-20,000 sq ft commercial lot in Bay Minette, AL.; Across from North Baldwin Infirmary, ideal for medical-related businesses.; All city utilities available; plans subject to city approval.
    (850) 564-0120
    Request Owner's contact information
    8 Hospital St Bay Minette, AL 36507
    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.
    8 Hospital St
    Bay Minette, AL 36507
    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
    8 Hospital St Bay Minette, AL 36507
    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
    Paul Salter
    (850) 564-0120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.