Fairhope Commercial Lot on
18999 AL-181, Fairhope, AL 36532
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 Market642
Property Features for 18999 AL-181
General Information
Standard status
Property type
Size
Elevators
Lot size
Building Details
Buildings
Stories
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 6, 2025
Changed: Mar 16
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,238
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,760
$944.8K
Cap Rate 7%
$674,829
$674.8K
Cap Rate 9%
$524,867
$524.9K
Market Conditions
NOI Build-Up for 4,390 SF
Gross rent
$73.8K $16.80/SF
− Vacancy
−$6.3K −$1.43/SF
EGI
$67.5K $15.37/SF
− OpEx
−$20.2K −$4.61/SF
NOI
$47.2K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,760
Cap Rate 7%
$674,829
Cap Rate 9%
$524,867
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 36532, AL
36,918
Population
17,502
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
504
Density / Sq Mi
$86,026
Median Household Income
$46,129
Median Earnings
$1,374
Median Rent
$395,300
Median Home Value
Market
Average Price Trend$/SF for Other retail properties in Baldwin County, AL
Properties on Market for Other retail properties in Baldwin County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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.
