Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Industrial Land with Highway Frontage Title is generated by Realmo AI

    108 Stevens Parkway, Bay Minette, AL 36507

    View on Map
    Claim this Listing
    For Sale
    $1,056,000

    Strategic industrial land with highway frontage and railroad access.

    Type:Commercial/Industrial
    Lot size:
    28.00 Acres
    Added:
    Oct 16, 2025
    Days on Market:
    233
    Last Refresh:
    Apr 7 at 8:05 pm

    Property Features for 108 Stevens Parkway

    General Information

    Standard status
    Active
    Lot size
    28.00 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Heather Harp
    Heather Harp

    Listing agent Heather Harp License #new

    Listing office RE/MAX of Orange Beach

    Listing date Oct 16, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Orange Beach

    HighLights

    • Over 2,500 ft of Hwy 59 frontage offering maximum exposure.
    • Direct access to a Railroad Spur connects you to regional and national networks.
    • Located in a federally designated Opportunity Zone, providing potential tax incentives.
    • Adjacent to 31 Commons, the newest major retail and commercial hub in Bay Minette.
    • All utilities available (water, sewer, power).
    • Just 5 miles to I‑65 and 12 miles to I‑10, making it a true Gulf Coast gateway.

    Overview

    This industrial land offering in Bay Minette, Alabama, features over 2,500 feet of frontage on U.S. Highway 59. It is adjacent to the new 31 Commons mixed-use development. The property has direct access to a railroad spur, connecting to regional and national networks. It is located just 5 miles from I-65 and 12 miles from I-10. The property is situated in a federally designated Opportunity Zone. All utilities are available, including water, sewer, and power. A paved ingress and egress road provides access. The acreage is flat and usable. Lot 1 consists of 11 acres, and Lot 2 consists of 16 acres; they are available separately or together, combining for a 28-acre site. The property is suited for industrial, logistics, manufacturing, or mixed commercial use. It offers highway frontage, rail connectivity, and proximity to I-65 and I-10.
    Location Intelligence

    Current Use by Public Records

    D&S Forklift And Equipment ... Big Box & Wholesale Store U-Haul Neighborhood Dealer Car Rental Facility

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7728344
    Latitude
    30.8571783

    Nearby Similar for Sale

    • $818,025

      Land Along Highway 59 Frontage

      41.95 acres of land with highway frontage near Novelis.
      39207 State Highway 59, Bay Minette, AL 36507
      View Details
    • $399,900

      Turnkey Restaurant and Bar Space

      Restaurant concept with an installed fire suppression system and kitchen equipment, set up for immediate operations.
      124 Hoyle Avenue North, Bay Minette, AL 36507
      View Details
    • $399,900

      Turnkey Restaurant & Gastropub

      Turnkey restaurant with ANSUL fire suppression, commercial kitchen equipment, and flexible dining rooms for groups or events.
      124 North Hoyle Avenue, Bay Minette, AL 36507
      View Details
    • $289,900
      3,466 SF

      Bay Minette Quadplex Investment Opportunity

      Multi-family quadplex in Bay Minette, Alabama with recent upgrades.
      300 Mcmillan Avenue, Bay Minette, AL 36507
      View Details
    • $850,000

      Unzoned Land Near Interstate 65

      2.016-acre commercial land near I-65 and Novelis plant.
      15281 Shipp Road, Bay Minette, AL 36507
      View Details
    • $627,000

      Undeveloped Land Near Novelis Plant

      5.7 acres of unzoned land with highway frontage.
      50117 Rabun Road, Bay Minette, AL 36507
      View Details
    • $600,000

      Commercial Land Near Interstate 65

      Unzoned land near I-65 and Novelis plant.
      15243 Shipp Road, Bay Minette, AL 36507
      View Details
    • $4,176,000

      Versatile Development Tract in Opportunity Zone

      522-acre development tract in Phillipsville area, Baldwin County.
      0 Flowers Rd, Bay Minette, AL 36507
      View Details
    • $825,000

      Bay Minette Farm/Estate with Cottage

      43-acre Bay Minette property with cottage, pond, and timber.
      42518 Dixon Rd. S, Bay Minette, AL 36507
      View Details
    • $899,900

      Land Near Novelis Plant

      Unzoned land with road frontage near Novelis aluminum plant.
      49640 Rabun Road, Bay Minette, AL 36507
      View Details
    • $18,000

      Residential Land in Bay Minette

      One-acre lot with mature trees, city utilities available.
      7645 Bromley Road, Bay Minette, AL 36507
      View Details
    • $818,025

      Prime Land in Bay Minette

      41.95 acres with highway frontage in a growing corridor.
      39207 St Hwy 59, Bay Minette, AL 36507
      View Details

    FAQs

    What type of property is this?
    Industrial land - Strategic industrial land with highway frontage and railroad access.
    Where is this industrial land located?
    The property is located at 108 Stevens Parkway Bay Minette, AL.
    What is the asking price?
    The asking price for this property is $1,056,000.
    What are key features of this property?
    This property features: Over 2,500 ft of Hwy 59 frontage offering maximum exposure.; Direct access to a Railroad Spur connects you to regional and national networks.; Located in a federally designated Opportunity Zone, providing potential tax incentives.
    (251) 533-6677
    We can help!
    Listing Contact
    Heather Harp
    Heather Harp
    Real Estate License ID: new
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    108 Stevens Parkway, Bay Minette, AL 36507
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!