B-1 Zoned Commercial
For Sale
$825,000
19680 State Highway 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 Market175
Property Features for 19680 State Highway 181
General Information
Standard status
Active
Size
2,890 SF
Lot size
2.00 Acres
Zoning
B-1
Additional Details
Utilities to Site
Yes
Listing Agency:
Wise Living Real Estate LLC
(251) 928-9473
Listed By:
Henry Sandy A Wise · License #99130
(251) 583-8968
Source:
Exprealty
Added: May 6
Changed: Oct 25
Last Checked: Oct 26 at 4:25PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$33,709
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Office in South region
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 Highway 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
