Multi-Parcel Storefront
For Sale
Contact for pricing
700 N Section St, Fairhope, AL 36532
Four parcels span the block between Volanta Avenue and Miller Avenue, with frontage on Section Street.
Property Size11,700 SF
Price / SF$135.90
Days on Market10
Property Features for 700 N Section St
General Information
Standard status
Active
Size
11,700 SF
Property subtype
RETAIL
Listing Agency:
Coldwell Banker Coastal Realty Spanish Fort
(251) 348-7446
Listed By:
Bill Menas · License #000068888
(251) 379-1650
Source:
Moodyscre
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 12 at 9:32PM
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 Coldwell Banker Coastal Realty Spanish Fort
Investment Insights
Based on property information with market context.
Four separate parcels form a 11,700-square-foot storefront property with 185 feet of frontage on Section Street. The parcel assemblage extends from Volanta Avenue to Miller Avenue.
An adjacent property behind the site, comprising three R2 residential lots, is also available separately.
An adjacent property behind the site, comprising three R2 residential lots, is also available separately.
Key Highlights
- Four separate parcels
- 11,700‑square‑foot property
- 185 feet of frontage along Section Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,897
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,517,940
$2.5M
Cap Rate 7%
$1,798,529
$1.8M
Cap Rate 9%
$1,398,856
$1.4M
Market Conditions
NOI Build-Up for 11,700 SF
Gross rent
$196.6K $16.80/SF
− Vacancy
−$16.7K −$1.43/SF
EGI
$179.9K $15.37/SF
− OpEx
−$54.0K −$4.61/SF
NOI
$125.9K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,517,940
Cap Rate 7%
$1,798,529
Cap Rate 9%
$1,398,856
Alternative Uses
Best Use
Retail
$1.80M
$1.57M – $2.10M
NOI $125,897 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,953 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
4,260 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Four parcels span the block between Volanta Avenue and Miller Avenue, with frontage on Section Street.
Where is this storefront property located?
The property is located at 700 N Section St Fairhope, AL.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Four separate parcels; 11,700‑square‑foot property; 185 feet of frontage along Section Street
