Fairhope Retail Building &
6470 County Rd 32 Fairhope, AL 36532
6470 County Rd 32, Fairhope, AL, 36532
$499,000
For Sale
$499,000
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 Market526
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
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 6, 2025 Checked: Mar 16 at 9:06 am
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.
Local Financial Insights For Retail
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 | $27.1k | $16.80 |
| − Vacancy | −$2.3k | −$1.43 |
| EGI | $24.8k | $15.37 |
| − OpEx | −$7.4k | −$4.61 |
| NOI | $17.3k | $10.76 |
1,612 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
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.
