Fairhope Commercial Lot on
18999 AL-181 Fairhope, AL 36532
18999 AL-181, Fairhope, AL, 36532
$650,000
For Sale
$650,000
4,390 SF Commercial Lot on AL-181 For Sale
Property Size4,390 SF
Lot Size0.62 Acres
Price / SF$148.06
Days on Market526
Property Features for 18999 AL-181
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Other mixed-use properties, Retail properties & Spaces, Mixed-use properties
- Size
- 4,390 SF
- Elevators
- N/A
- Lot size
- 0.62 Acres
Building Details
- Buildings
- 1
- Stories
- 1
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 commercial lot is located at the southwest corner of Twin Beech Road and Alabama Highway 181 in Fairhope, Alabama. The property is situated in Baldwin County within a rapidly expanding area experiencing high traffic volume. The lot measures 4,390 square feet, equivalent to 0.62 acres. It is zoned B-2 Local Business Planning District 8, offering a range of development possibilities. A small billboard is included in the sale. The property presents a chance to capitalize on the growth and potential of this thriving commercial area.
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 | $73.8k | $16.80 |
| − Vacancy | −$6.3k | −$1.43 |
| EGI | $67.5k | $15.37 |
| − OpEx | −$20.2k | −$4.61 |
| NOI | $47.2k | $10.76 |
4,390 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$674.8K
$590.5K – $787.3K
NOI $47,238 @ 7.0% cap · market cap 7.27%
Second Best
Mixed Use
$581.0K
$508.4K – $677.9K
NOI $40,671 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.06M
$923.8K – $1.23M
NOI $73,900 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Other retail property - 4,390 SF Commercial Lot on AL-181 For Sale
Where is this other retail property located?
The property is located at 18999 AL-181 Fairhope, AL.
What is the asking price?
The asking price for this property is $650,000.
