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    10090 Us-98 Fairhope, AL

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    For Lease
    $12 SF/Yr ($3,200 /Mo)

    Versatile commercial property with income-producing apartment on US Hwy 98.

    Property size:
    3,200 SF
    Lot size:
    0.93 Acres

    Property Features for 10090 Us-98

    General Information

    Size
    3,200 SF
    Lot size
    0.93 Acres

    Source: Wise Living Real Estate, LLC Agent Weston Robles

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

    Overview

    Fairhope Commercial Space with Apartment

    Located on US Hwy 98 in Fairhope, this 3,200 sq ft property offers a versatile commercial opportunity. The property includes a 2,400 sq ft commercial main area and an 800 sq ft apartment, currently operated as an Airbnb. The apartment can remain an income-producing rental, with the owner reporting approximately $13,500 per year for 2025, or it can serve as an on-site living space. The main commercial space features multiple rooms suitable for various business uses. The front entry room is ideal as a waiting area or reception space. A large, open central room, previously used as a dance studio, offers flexibility for fitness, retail, instructional, or studio concepts. Additional rooms include a spacious cafeteria or break room, and a large utility room equipped with a three-compartment commercial sink. This room also features a loft area used for storage. Property improvements include a metal roof installed in 2021, an HVAC system serving the main retail building estimated to have been installed in 2017, and two mini-split units in the Airbnb installed in 2023. The property benefits from strong visibility on Highway 98.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9033261
    Latitude
    30.5229719

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial property with income-producing apartment on US Hwy 98.
    Where is this retail space located?
    The property is located at 10090 Us-98 Fairhope, AL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial location on US Hwy 98 in Fairhope with strong visibility; - Versatile 3,200 sq ft property, featuring a **2,400 sq ft commercial space**; - Includes an 800 sq ft apartment, currently an income-producing Airbnb (potential $13,500/yr income)
    (251) 979-9500
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    10090 Us-98 Fairhope, AL
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    10090 Us-98
    Fairhope, AL
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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
    10090 Us-98 Fairhope, AL
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