Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Lots Near Novelis Plant Title is generated by Realmo AI

    3 Rabun Rd, Bay Minette, AL 36507

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Available lots for ground lease or build to suit.

    Type:Land
    Added:
    Mar 13, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 16 at 12:40 pm

    Property Features for 3 Rabun Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 3 Rabun Rd Contact us

    Available Space $18 /Mo

    Size
    Type
    Land
    Price: $18
    Contact us

    We can help!

    Listing Contact
    Matt Franklin

    Listing agent Matt Franklin License #AL 100463

    Listing office Delta Realty

    Listing date Mar 13, 2026

    Source Crexi

    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 Delta Realty

    HighLights

    • Excellent location less than 1 mile from I‑65, seeing over 20,000 vehicles daily.
    • Significant road frontage on Hwy 287 with over 1100 feet total.
    • Multiple lot sizes available: 4.3 acres, 1.6 acres, and 3.1 acres.
    • Available for build‑to‑suit or ground lease for industrial, retail, or office purposes.
    • Proximity to Novelis Recycling Plant and South Alabama Mega Site.
    • Located in Baldwin County, which includes four of Alabama’s top ten fastest‑growing cities.

    Overview

    Three lots are available for ground lease or build-to-suit opportunities near Novelis in Bay Minette, Alabama. The lots measure 4.3 acres, 1.6 acres, and 3.1 acres and are located on the 4-lane Hwy 287/Rabun Road, less than half a mile from Novelis. The owners are prepared to build to suit for industrial, retail, or office purposes. The total road frontage on Hwy 287 exceeds 1100 feet. The lots are near the South Alabama Mega Site and the upcoming Novelis Recycling plant, which is anticipated to be operational with over 1,000 employees by 2026, with approximately 2,200 construction workers on site for the foreseeable future. The location is 7 miles from Bay Minette Municipal Airport, 24 miles from Atmore Municipal Airport, 44 miles from Mobile Regional, and 60 miles from Pensacola International. The lots are also 1 mile from I-65, which sees over 20,000 vehicles daily. The properties feature paved road frontage, with 272 feet on Rabun Rd/Hwy 287 and 472 feet on Louis Cooper Rd. These vacant lots offer a prime opportunity for businesses seeking space, given Baldwin County's growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.785736
    Latitude
    30.911046

    Nearby Similar for Lease

    • $2,500/Mo

      1,773 SF Retail For Lease - Bay Minette Drive Through

      1,773 SF retail space on high-traffic corner in Bay Minette.
      910 Bay Minette Bypass, Bay Minette, AL 36507
      View Details
    • $6,500/Mo

      1,530 SF Texaco For Sale/Lease

      Newly renovated 1,530 SF Texaco station available for lease.
      415 D'Olive Street, Bay Minette, AL 36507
      View Details
    • Contact for pricing

      Prime Commercial Property on Highway

      High-visibility commercial property with highway frontage and multiple access points.
      251 US Highway 31 S, Bay Minette, AL
      View Details
    • $10,000/Mo

      3,375 SF Flex/R&D For Lease - 5.9 AC Trucking Facility or Lay-Down Yard

      5.9-acre property with truck facility and refueling tank.
      717 Daphne Rd, Bay Minette, AL 36507
      View Details
    • $15 SF/Yr

      2,500 SF Office in Downtown Bay Minette - Office For Lease

      Move-in ready 2,500 SF office space in historic building.
      230 Courthouse Square, Bay Minette, AL 36507
      View Details
    • $3,000/Mo

      3± AC Paved Yard Land For Lease | Bay Minette

      Three-acre paved yard in Bay Minette, Alabama, ready for lease.
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • Contact for pricing

      Bay Minette Gas Station Opportunity

      Gas station with tenant, pumps, and steel tanks for sale.
      1130 US-31, Bay Minette, AL
      View Details
    • Contact for pricing

      Commercial Building on 1.5 Acres

      3,725 SF building with highway frontage and redevelopment potential.
      2410 HIGHWAY 31, Bay Minette, AL
      View Details
    • Contact for pricing

      Prime Corner Commercial Land

      Highly visible corner property near Coastal Community College.
      98 Bouler Ave, Bay Minette, AL
      View Details
    • $5 SF/Yr

      115,000± SF Industrial Warehouse For Lease - Immediate Availability!

      115,424 SF warehouse with 14 dock-high doors available now.
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • $5 SF/Yr

      90,000± SF Industrial Warehouse For Lease

      90,000 SF warehouse with 14 dock-high doors for lease.
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • $3,000/Mo

      90,000 SF Warehouse For Lease

      90,000 SF warehouse space with public warehousing services available.
      801 US Highway 31, Bay Minette, AL
      View Details

    FAQs

    What type of property is this?
    Commercial land - Available lots for ground lease or build to suit.
    Where is this commercial land located?
    The property is located at 3 Rabun Rd Bay Minette, AL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Excellent location less than 1 mile from I‑65, seeing over 20,000 vehicles daily.; Significant road frontage on Hwy 287 with over 1100 feet total.; Multiple lot sizes available: 4.3 acres, 1.6 acres, and 3.1 acres.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Franklin
    Real Estate License ID: AL 100463
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3 Rabun Rd, Bay Minette, AL 36507
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!