Downtown Office
For Sale
$260,000
Pending
112 W 2nd Street, Bay Minette, AL 36507
Commercial Sale, Bay Minette, AL
Property Size1,596 SF
Lot Size0.04 Acres
Days on Market140
Property Features for 112 W 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Lot features
Level
Directions
Heading N on Hwy 59/31 in Bay Minette: Take a Right at the light (McDonald's/Hardees) onto D'Olive, turn a left onto Hall Avenue then a right on W 2nd Street. Property will be on the left just past the church.
Subdivision
Baldwin
Standard status
Pending
APN
23-02-09-4-401-018.001
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
30 X 50 HAND LAND CO ADDN WEST 30 OF LOT 11 BLK 106 FAULK NER REALTY IN THE CITY OF BAY MINETTE SEC 9-T2S-R3E (WD)
Tax Annual Amount
1099
Legal Description
30 X 50 HAND LAND CO ADDN WEST 30 OF LOT 11 BLK 106 FAULK NER REALTY IN THE CITY OF BAY MINETTE SEC 9-T2S-R3E (WD)
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1945
Floors in Building
1
Flooring type
Vinyl
Roof type
Flat, Composition
Listing Agency:
Wellhouse Real Estate Eastern Shore
(251) 709-2233
Listed By:
Gregory Parker · License #142225-1
(256) 627-0334
Added: Jun 18
Changed: Nov 3
Last Checked: Nov 4 at 3:06PM
MLS# 398221
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 112 W 2nd Street in downtown Bay Minette, this office building contains 1,596 square feet on a 0.036-acre parcel. Built in 1945, the property has vinyl flooring, electric heat and a roof combining composition and flat sections.
Commercial zoning applies to the site. Its address places the property on W 2nd Street in the city’s downtown area.
Commercial zoning applies to the site. Its address places the property on W 2nd Street in the city’s downtown area.
Key Highlights
- 1,596‑square‑foot office building on a 0.036‑acre parcel
- Commercial zoning in downtown Bay Minette
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,616
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,320
$372.3K
Cap Rate 7%
$265,943
$265.9K
Cap Rate 9%
$206,844
$206.8K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$30.6K $19.20/SF
− Vacancy
−$5.8K −$3.65/SF
EGI
$24.8K $15.55/SF
− OpEx
−$6.2K −$3.89/SF
NOI
$18.6K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,320
Cap Rate 7%
$265,943
Cap Rate 9%
$206,844
Alternative Uses
Best Use
Office B
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.8K
$335.8K – $447.8K
NOI $26,866 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 36507, AL
19,608
Population
8,615
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
84%
High-School Grad
343.1 sq mi
ZIP Area
57
Density / Sq Mi
$47,919
Median Household Income
$34,985
Median Earnings
$872
Median Rent
$160,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning and a downtown Bay Minette setting define this compact office property.
Where is this office building located?
The property is located at 112 W 2nd Street Bay Minette, AL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,596‑square‑foot office building on a 0.036‑acre parcel; Commercial zoning in downtown Bay Minette; Built in 1945
