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    Residential Development Lot Title is generated by Realmo AI

    6150 Ponder Road, Fairhope, AL 36532

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    Claim this Listing
    For Sale
    $200,000

    LAND - Fairhope, AL

    Lot size:
    1.68 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    128
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 6150 Ponder Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    46-09-31-0-000-052.000
    Lot size
    1.68 Acres

    Taxes and HOA fees

    Tax Description
    465X163 Irr Sec 31-6-2 Fe Fr Sw Cor Of Run E 475 Ft To Pob Th N 164.3 Ft Th E 465 Ft Th S 163 Ft Th W 465 Ft to pob

    We can help!

    Listing Contact
    Renee Marshall
    Renee Marshall

    Listing agent Renee Marshall License #113489

    Listing office Butler & Co. Real Estate LLC 306 De La Mare Ave, Fairhope, AL

    Listing date Jan 26, 2026

    MLS# 391063 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

    • Just over 1‑acre lot in Point Clear, surrounded by mature trees
    • Build a custom home or explore potential for a small development (buyer to verify)
    • Adjoining lot PPIN 44182 (1.18 acres) is listed for sale separately
    • Location is about 1.1 miles south of The Grand Hotel Golf Resort & Spa, just off Scenic 98
    • Mobile home on the property conveys at no value; buyer to verify all information during due diligence

    Overview

    This offering is a residential land lot in a quiet, natural setting, with mature trees providing a wooded feel for a future build. The lot size is 1.682 acres, and a mobile home located on the property conveys at no value. An adjoining lot (PPIN 44182) is listed for sale separately, creating the option to consider additional land if desired. Buyer to verify all information during due diligence.

    The property is in Point Clear and is located 1.1 miles south of The Grand Hotel Golf Resort & Spa. It sits just off Scenic 98, providing convenient access to the surrounding area while maintaining a more secluded setting.

    This site is well suited for buyers looking to design and build a custom home on acreage with tree cover, or for those evaluating the feasibility of a small development on a single lot. With the nearby, separately listed adjoining parcel, it may also appeal to buyers who want to compare land combinations as part of their planning. As always, interested parties should confirm all details and development considerations during their due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hotel & Motel Gym & Fitness Center Department Store (Bike/Boat/Book/etc) Store Bed & Breakfast Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.917868
    Latitude
    30.47629

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    FAQs

    What type of property is this?
    Residential land & home lot - A 1+ acre wooded lot off Scenic 98, offering a setting for a custom home or small development with an adjacent lot available.
    Where is this residential land & home lot located?
    The property is located at 6150 Ponder Road Fairhope, AL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Just over 1‑acre lot in Point Clear, surrounded by mature trees; Build a custom home or explore potential for a small development (buyer to verify); Adjoining lot PPIN 44182 (1.18 acres) is listed for sale separately
    (251) 421-2614
    We can help!
    Listing Contact
    Renee Marshall
    Renee Marshall
    Real Estate License ID: 113489
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    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.

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    6150 Ponder Road, Fairhope, AL 36532
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