Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    304-306 W Shriver Street Summerdale, AL 36580

    View on Map
    Claim this Listing
    New
    For Sale
    $530,000

    4-10, Multi-Story - Summerdale, AL

    Property size:
    4,100 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $129/SF
    Added:
    May 6, 2026
    Days on Market:
    1
    Last Refresh:
    May 6 at 9:06 pm

    Property Features for 304-306 W Shriver Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    11
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Appliances
    Range, Range - Electric
    Standard status
    Active
    APN
    48-09-30-4-000-011.000
    Size
    4,100 SF
    Lot size
    0.64 Acres

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1918
    Floors in Building
    1
    Flooring type
    Laminate
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Donna Cook
    Donna Cook

    Listing agent Donna Cook License #56221

    Listing office Baldwin County Properties, Inc 7505 Rabbit Run, Fairhope, AL

    Listing date May 6, 2026

    MLS# 396157 Listing URL

    Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Investment opportunity: 4‑plex currently rented
    • Prime location: Close to beaches, Foley, and Fairhope in Summerdale, Alabama
    • Additional home available on the same property
    • Central air conditioning
    • Laminate flooring
    • Electric range included

    Overview

    Summerdale Multi-Unit Investment Opportunity

    This property presents an investment opportunity in Summerdale, Alabama, conveniently located near beaches, Foley, and Fairhope. The property features a fourplex that is currently rented. The lot size is 0.64 acres. The property size is 4100 square feet. A home on the same property is also available. Prospective buyers are advised to verify all information during the due diligence process.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerdale
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.702866
    Latitude
    30.491048

    Nearby Similar for Sale

    • $650,000

      Versatile Land with Warehouse Apartment

      Expansive 19-acre property with warehouse and apartment in Summerdale, Alabama.
      19101 E Greenwood Road, Summerdale, AL 36580
      View Details
    • $374,900

      Baldwin Beach Express Commercial Land

      Prime commercial land with pre-approved plans for gas station.
      21076 County Road 36, Summerdale, AL 36580
      View Details
    • $3,400,000
      67,303 SF

      51,900 SF Fully Leased: Summerdale Retail & Warehouse For Sale

      Three buildings totaling 51,900 SF on 4.53 acres, fully leased.
      100 Hwy 59, Summerdale, AL 36580
      View Details
    • $3,400,000
      67,303 SF

      51,900 SF Fully Leased: Summerdale Retail & Warehouse For Sale

      Three buildings totaling 51,900 SF on 4.53 acres, fully leased.
      100 Hwy 59, Summerdale, AL 36580
      View Details
    • $185,000
      1,050 SF

      1,050 SF Commercial Lot & Building For Sale

      Commercial property on 0.64 acres with 1,050 sq ft building.
      13486 County Road 32, Summerdale, AL 36580
      View Details
    • $2,625,000
      283,140 SF

      6.5 Acres Storage Facility / Covered RV & Boat Storage For Sale

      Newly built storage facility on 6.5 acres with 190 units.
      18587 Co Rd 32, Summerdale, AL 36580
      View Details
    • $2,625,000
      283,140 SF

      6.5 Acres Storage Facility / Covered RV & Boat Storage For Sale

      Newly built storage facility on 6.5 acres with 190 units.
      18587 Co Rd 32, Summerdale, AL 36580
      View Details
    • $600,000
      1,645 SF

      1,645 SF SUMMERDALE COMMERCIAL PROPERTY For Sale

      1,645 SF commercial property on State Highway 59, Summerdale, AL.
      317 al 59, Summerdale, AL 36580
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex with additional home near beaches, Foley, and Fairhope.
    Where is this quadplex located?
    The property is located at 304-306 W Shriver Street Summerdale, AL.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Investment opportunity: 4‑plex currently rented; Prime location: Close to beaches, Foley, and Fairhope in Summerdale, Alabama; Additional home available on the same property
    (251) 510-8885
    We can help!
    Listing Contact
    Donna Cook
    Donna Cook
    Real Estate License ID: 56221
    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
    304-306 W Shriver Street, Summerdale, AL 36580
    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!