Multi-Tenant Office
For Sale
Contact for pricing
Pending
7525 Assunta Ct, Fairhope, AL 36532
Four-unit office property with staggered occupancy and an upcoming vacancy for re-leasing or owner use.
Property Size2,775 SF
Days on Market11
Property Features for 7525 Assunta Ct
General Information
Standard status
Pending
Size
2,775 SF
Property subtype
OFFICE
Additional Details
Office Units
4
Building Details
Buildings
1
Building Size
2,775 SF
Tenancy
Multi
Listing Agency:
B4 Properties, LLC
Listed By:
Bowen Weir, CCIM · License #108210
(251) 270-9099
Source:
Moodyscre
Added: Sep 15
Changed: Sep 20
Last Checked: Sep 24 at 10:21AM
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 B4 Properties, LLC
Investment Insights
Based on property information with market context.
This 2,775-square-foot office building is configured for multiple occupants across four units. Three units are leased through mid-to-late 2028, establishing current occupancy within the property, while the remaining unit is scheduled to become vacant on October 31, 2026.
The future vacancy provides flexibility for an owner-user or for re-leasing at then-current market rates. The property is located at 7525 Assunta Ct in Fairhope, Alabama. Lease details are available upon request.
The future vacancy provides flexibility for an owner-user or for re-leasing at then-current market rates. The property is located at 7525 Assunta Ct in Fairhope, Alabama. Lease details are available upon request.
Key Highlights
- 2,775 SF multi‑tenant office building
- Four office units in total
- Three units leased through mid‑to‑late 2028
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$647,360
$647.4K
Cap Rate 7%
$462,400
$462.4K
Cap Rate 9%
$359,644
$359.6K
Market Conditions
NOI Build-Up for 2,775 SF
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.
Gross rent
$53.3K $19.20/SF
− Vacancy
−$10.1K −$3.65/SF
EGI
$43.2K $15.55/SF
− OpEx
−$10.8K −$3.89/SF
NOI
$32.4K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$647,360
Cap Rate 7%
$462,400
Cap Rate 9%
$359,644
Alternative Uses
Best Use
Office B
$462.4K
$404.6K – $539.5K
NOI $32,368 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$667.3K
$583.9K – $778.6K
NOI $46,713 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Four-unit office property with staggered occupancy and an upcoming vacancy for re-leasing or owner use.
Where is this office building located?
The property is located at 7525 Assunta Ct Fairhope, AL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,775 SF multi‑tenant office building; Four office units in total; Three units leased through mid‑to‑late 2028
