10413 State Highway 104, Fairhope, AL 36532
- Added:
- Apr 27, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 13 at 11:06 am
Property Features for 10413 State Highway 104
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 46-01-02-0-000-001.513
- Size
- 6,400 SF
- Lot size
- 2.10 Acres
Taxes and HOA fees
- Tax Description
- 150 X 610 Com At The Se Cor Sec 2 Run W 3323.7, Th N 40 To N R W Line Of Al St Hwy 104 For The Pob, Th N 610, Th W 150, Th S 610, Th E 150 To The Pob Containing 2.10 Acres Lying In The Se1 4 Of The Sw1 4 Sec 2-T6s-R2e (Wbos) Lease I N#1904796
Listing agent Autumn Gann License #100908 (251) 654-2100
Listing office Mobile Bay Realty 4650 Griffith Marina Rd, Fairhope, AL (251) 230-7555
Listing date Apr 27, 2026
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
- Prime 2.1‑acre property with B‑2 zoning in Fairhope's high‑growth commercial corridor.
- High visibility location near a major intersection with strong daily traffic counts (10,000+ VPD & 18,000 VPD).
- Approved building plans for a 2,700 sq ft office and 3,700 sq ft warehouse included.
- Red‑iron for the building can convey, saving time and construction costs.
- Surrounded by established national and regional retailers (Publix, USA Health, Sherwin‑Williams, Wawa).
- B‑2 Zoning allows for a wide range of potential uses (retail, medical, office, restaurant, etc.).
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.9k | $19.20 |
| − Vacancy | −$23.3k | −$3.65 |
| EGI | $99.5k | $15.55 |
| − OpEx | −$24.9k | −$3.89 |
| NOI | $74.6k | $11.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fairhope
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.8461692
- Latitude
- 30.5460914
