Fairhope Retail Building &
For Sale
$499,000
6470 County Rd 32, Fairhope, AL 36532
1,612 SF Retail Building For Sale 6470 County Road 32 B2
Property Size1,612 SF
Lot Size1.03 Acres
Price / SF$309.55
Days on Market616
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Property Features for 6470 County Rd 32
General Information
Standard status
Active
Property type
Other retail properties, Individual retail properties, Other mixed-use properties, Retail properties & Spaces, Mixed-use properties
Size
1,612 SF
Elevators
N/A
Lot size
1.03 Acres
Building Details
Year Built
1920
Buildings
1
Stories
2
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 6, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This property features a retail building and land in Fairhope, Alabama. The offering includes two adjoining commercially zoned B2 parcels totaling approximately one acre. Located in the heart of Point Clear, Alabama, the property is a short walk from Mobile Bay. The site includes a 1,612 square foot cottage, relocated to the site 44 years ago. The combination of two separate tax parcels and the existing cottage presents development possibilities. The property's B2 zoning is highly sought after in this area. The listing also includes PPIN #9034.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,346
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,920
$346.9K
Cap Rate 7%
$247,800
$247.8K
Cap Rate 9%
$192,733
$192.7K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$27.1K $16.80/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$24.8K $15.37/SF
− OpEx
−$7.4K −$4.61/SF
NOI
$17.3K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,920
Cap Rate 7%
$247,800
Cap Rate 9%
$192,733
Alternative Uses
Best Use
Retail
$247.8K
$216.8K – $289.1K
NOI $17,346 @ 7.0% cap · market cap 3.48%
Second Best
Mixed Use
$213.3K
$186.7K – $248.9K
NOI $14,934 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$387.7K
$339.2K – $452.3K
NOI $27,136 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 36532, AL
36,918
Population
17,502
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
504
Density / Sq Mi
$86,026
Median Household Income
$46,129
Median Earnings
$1,374
Median Rent
$395,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Other retail property - 1,612 SF Retail Building For Sale 6470 County Road 32 B2
Where is this other retail property located?
The property is located at 6470 County Rd 32 Fairhope, AL.
What is the asking price?
The asking price for this property is $499,000.
