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    405 Greeno Rd Fairhope, AL 36532

    For Sale
    $1,500,000

    2.4 acres in Fairhope with high traffic and development potential.

    Lot size:
    2.40 Acres

    Property Features for 405 Greeno Rd

    General Information

    Lot size
    2.40 Acres

    Source: Coldwell Banker Coastal Realty Spanish Fort Agent Bill Menas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    2.4 Acres Prime Location Fairhope

    This property features approximately 2.4 acres with frontage on Greeno Rd, Gayfer Ave, Maple St, and Live Oak Ave. The listing includes 7 lots with PPIN numbers 71650, 71651, 71652, 71653, 71654, 71655, and 71656. The location offers numerous possibilities, with several medical and professional offices, shopping, and retail establishments nearby. According to ALDOT's 2021 traffic counts, Greeno Rd sees over 26,000 vehicles per day, and Gayfer Ave sees over 4,700. The property is currently zoned R-1 and will require rezoning for other uses. Additional adjacent properties are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.886563
    Latitude
    30.532511

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    FAQs

    What type of property is this?
    Land - 2.4 acres in Fairhope with high traffic and development potential.
    Where is this land located?
    The property is located at 405 Greeno Rd Fairhope, AL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Approximately 2.4 acres of land.; - Frontage on Greeno Rd, Gayfer Ave, Maple St, and Live Oak Ave.; - Includes 7 lots (PPINs: 71650, 71651, 71652, 71653, 71654, 71655, 71656).
    (251) 379-1650
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    405 Greeno Rd Fairhope, AL 36532
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    Fairhope, AL 36532
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    Realmo Value Estimation

    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.

    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.

    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
    405 Greeno Rd Fairhope, AL 36532
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