Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    55 N Section St Fairhope, AL 36532

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $40 SF/Yr ($13,000 /Mo)

    Prime Fairhope location, 1,753-3,900 SF office suite.

    Lot size:
    3,900 SF

    Property Features for 55 N Section St

    General Information

    Property type
    Other office properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,900 SF
    USF (Usable sq. ft)
    3,900 SF
    Class
    C
    Total Parking Spaces
    10
    Elevators
    N/A
    Total Rate
    13000

    Amenities

    Building Details

    Buildings
    1
    Stories
    2

    Overview

    Fairhope Office Space For Lease

    Located at 55 N. Section Street, Suites A & B in Fairhope, Alabama, this office space offers a versatile and functional layout suitable for a variety of businesses. Situated on the ground floor of a two-story building, the suite provides 3,900 rentable square feet, adaptable to specific needs. The space includes seven private offices, providing room for individual work and confidential meetings. Two conference rooms offer settings for client presentations and team collaborations. An open area is suitable for up to fifteen workstations, fostering a collaborative work environment. The property benefits from a location at the northwest corner of N. Section Street and Magnolia Avenue. A private parking lot offers ten spaces, supplemented by on-street parking options. The property is zoned for office use.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Prime Fairhope, AL location at 55 N. Section Street.
    • Spacious 3,900 sq ft office suite with 7 private offices and 2 conference rooms.
    • Convenient private parking lot with 10 spaces plus on‑street parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dampier Law Firm ... Law Firm Ham & Associates, LLC Law Firm Western Union Bank Law Office PC Law Firm Joseph R Sullivan ... Law Firm

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    State
    Alabama
    Longitude
    -88.049916
    Latitude
    30.690444

    Nearby Similar for Lease

    • Contact for pricing

      Office/Warehouse Space For Lease

      4,800 SF office/warehouse with turnkey office and open warehouse space.
      365 Commercial Park Dr, Fairhope, AL 36532
      View Details
    • $16 SF/Yr
      1,980 SF

      Montrose Office Space For Rent

      Office space in a desirable business complex off Hwy 98.
      22873 Us Highway 98, Fairhope, AL 36532
      View Details
    • $500 /Mo
      140 SF

      Fairhope Office Space: 140 SF Available

      Modern Fairhope office, full-service lease. Ideal for solopreneur or small business.
      766 Middle St, Fairhope, AL 36532
      View Details
    • $39 SF/Yr
      2,675 SF

      Fairhope Office Space: 2675 SF

      Prime Fairhope office suite available. Modern build-out, great location.
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $525 /Mo
      1,250 SF

      Fairhope Co-Working Space Available

      Renovated office suites, 90-1250 SF, Fairhope, AL.
      19605 Greeno Rd, Fairhope, AL 36532
      View Details
    • $3,250 /Mo
      2,705 SF

      Fairhope Retail Space Available

      2,705 SF Retail Space, Fairhope, AL
      361 Commercial Park Dr, Fairhope, AL 36532
      View Details
    • $750 /Mo
      268 SF

      Fairhope Office Space: Suite 3 Available

      Prime Fairhope office, 268 sq ft, full-service lease.
      766 Middle St, Fairhope, AL 36532
      View Details
    • $250 SF/Yr
      87 SF

      Fairhope Office Space: 87 Sq Ft

      Prime Fairhope office, 87 sq ft, full-service lease.
      766 Middle St, Fairhope, AL 36532
      View Details
    • $39 SF/Yr
      1,238 SF

      Fairhope Retail Space - 1238 SF

      Prime Fairhope retail space, 1238 sq ft, NNN lease.
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $32 SF/Yr
      2,886 SF

      Fairhope Office Space Available

      Downtown Fairhope office, 2886 sq ft, modified gross lease.
      300 Magnolia Ave, Fairhope, AL 36532
      View Details
    • $250 SF/Yr
      41 SF

      Fairhope Office Suite For Lease

      41 sq ft private office, co-working space.
      314 Magnolia Ave, Fairhope, AL 36532
      View Details
    • $39 SF/Yr
      1,470 SF

      Fairhope Retail Space: 1470 SF

      Prime Fairhope retail space available. Turnkey improvements included.
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Fairhope location, 1,753-3,900 SF office suite.
    Where is this office property located?
    The property is located at 55 N Section St Fairhope, AL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features:
    (251) 432-2600
    Request Owner's contact information
    55 N Section St Fairhope, AL 36532
    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.
    55 N Section St
    Fairhope, AL 36532
    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
    55 N Section St Fairhope, AL 36532
    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

    We can help!
    Listing Contact
    Paul Salter
    (251) 432-2600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!