B-1 Zoned Commercial
For Sale
Contact for pricing
19680 State Hwy 181, Fairhope, AL 36532
Two-acre commercial site with office and utility buildings, zoned B-1 for local retail, office, and service uses.
Property Size2,890 SF
Lot Size2.00 Acres
Price / SF$285.47
Days on Market104
Property Features for 19680 State Hwy 181
General Information
Standard status
Active
Size
2,890 SF
Lot size
2.00 Acres
Property subtype
LAND
Zoning
B-1
Additional Details
Utilities to Site
Yes
Listing Agency:
Wise Living Real Estate, LLC
(251) 583-8968
Listed By:
Henry A Wise IV · License #88202
(251) 583-8968
Source:
Moodyscre
Added: May 4
Changed: Aug 8
Last Checked: Aug 8 at 10:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wise Living Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial land offering totals approximately 2.0 acres and includes existing improvements totaling about 2,890 square feet. The property features a 1,690-square-foot home/office structure and a 1,200-square-foot utility building, providing immediate utility while leaving room for future redevelopment or expansion, subject to zoning and approvals.
The site has approximately 150 feet of frontage with a listed depth of 575 feet along State Hwy 181. It is zoned B-1 (Local Shopping District / Neighborhood Business District), which supports a variety of small-scale retail, office, and service-oriented uses. Utilities are available through Fairhope Utilities for water and Baldwin EMC for electric.
Buyer to verify all information during due diligence.
The site has approximately 150 feet of frontage with a listed depth of 575 feet along State Hwy 181. It is zoned B-1 (Local Shopping District / Neighborhood Business District), which supports a variety of small-scale retail, office, and service-oriented uses. Utilities are available through Fairhope Utilities for water and Baldwin EMC for electric.
Buyer to verify all information during due diligence.
Key Highlights
- 2.0‑acre commercial site in Fairhope, AL with frontage of 150’ x 575’ depth
- Zoned B‑1 (Local Shopping District / Neighborhood Business District) for small‑scale retail, office, and service uses
- 2,890 SF total improvements: 1,690 SF home/office structure plus 1,200 SF utility building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,180
$674.2K
Cap Rate 7%
$481,557
$481.6K
Cap Rate 9%
$374,544
$374.5K
Market Conditions
NOI Build-Up for 2,890 SF
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.
Gross rent
$55.5K $19.20/SF
− Vacancy
−$10.5K −$3.65/SF
EGI
$44.9K $15.55/SF
− OpEx
−$11.2K −$3.89/SF
NOI
$33.7K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,180
Cap Rate 7%
$481,557
Cap Rate 9%
$374,544
Alternative Uses
Best Use
Office B
$481.6K
$421.4K – $561.8K
NOI $33,709 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
105
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Two-acre commercial site with office and utility buildings, zoned B-1 for local retail, office, and service uses.
Where is this commercial land located?
The property is located at 19680 State Hwy 181 Fairhope, AL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2.0‑acre commercial site in Fairhope, AL with frontage of 150’ x 575’ depth; Zoned B‑1 (Local Shopping District / Neighborhood Business District) for small‑scale retail, office, and service uses; 2,890 SF total improvements: 1,690 SF home/office structure plus 1,200 SF utility building
