Retail Storefront
456 N Section Street Fairhope, AL 36532
New
For Sale
$979,000
For-sale storefront retail building located on N Section Street in Fairhope, Alabama.
Days on Market3
Property Features for 456 N Section Street
General Information
Standard status
Active
Building Details
Year Built
1935
Listing Agency:
REAL Broker, LLC
(901) 870-7392
Listed By:
Tracie Carter · License #123420
(901) 870-7392
Source:
Evrealestate
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 7:23AM
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 REAL Broker, LLC
Investment Insights
Based on property information with market context.
This for-sale storefront retail building is located at 456 N Section Street in Fairhope, Alabama, within Baldwin County. The property is a commercial storefront use and is positioned for straightforward access from nearby main roads.
From Highway 98, head south and turn right on Section Street. The building is on the left, just before the Gayfer Road intersection. This placement supports easy wayfinding for drivers approaching from Highway 98.
The listing information provided identifies the asset as a retail storefront building; additional details on interior layout, tenant configuration, or specific improvements are not included in the information available here.
From Highway 98, head south and turn right on Section Street. The building is on the left, just before the Gayfer Road intersection. This placement supports easy wayfinding for drivers approaching from Highway 98.
The listing information provided identifies the asset as a retail storefront building; additional details on interior layout, tenant configuration, or specific improvements are not included in the information available here.
Key Highlights
- For‑sale storefront retail building on N Section Street in Fairhope, Alabama
- Central heating and central air conditioning
- Built in 1935
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.6k | $16.80 |
| − Vacancy | −$8.8k | −$1.43 |
| EGI | $94.8k | $15.37 |
| − OpEx | −$28.4k | −$4.61 |
| NOI | $66.4k | $10.76 |
6,168 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$948.1K
$829.6K – $1.11M
NOI $66,370 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,830 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Southern Veranda — 105 N Bancroft St, Fairhope, AL 36532
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront retail building located on N Section Street in Fairhope, Alabama.
Where is this storefront property located?
The property is located at 456 N Section Street Fairhope, AL.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: For‑sale storefront retail building on N Section Street in Fairhope, Alabama; Central heating and central air conditioning; Built in 1935
