Four-Unit Multifamily
New
For Sale
Contact for pricing
8570 Southwood Court, Fairhope, AL 36532
Fully occupied residential income asset near shopping, dining, medical services, and major roadway access.
Property Size4,012 SF
Lot Size0.83 Acres
Price / SF$174.23
Days on Market5
Property Features for 8570 Southwood Court
General Information
Standard status
Active
Size
4,012 SF
Lot size
0.83 Acres
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Listing Agency:
Stirling Daphne
Listed By:
Jeff Barnes · License #LA
(251) 342-7229
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 7:12AM
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 Stirling Daphne
Investment Insights
Based on property information with market context.
Located at 8570 Southwood Court in Fairhope, Alabama, this multifamily property contains four residential units totaling approximately 4,012 square feet. Each unit includes 2 bedrooms and 1 bath, and the property is fully occupied. The improvements sit on approximately ±0.83 acres, providing a four-unit residential configuration in a single asset.
The property is positioned near Highway 98 and Gayfer Road Extension, with shopping, dining, and medical services in the surrounding area. Its location in Baldwin County places the property within an established rental market. Tours are available by appointment, and tenant privacy is requested during the showing process.
The property is positioned near Highway 98 and Gayfer Road Extension, with shopping, dining, and medical services in the surrounding area. Its location in Baldwin County places the property within an established rental market. Tours are available by appointment, and tenant privacy is requested during the showing process.
Key Highlights
- Four‑unit multifamily property with full occupancy
- Four 2‑bedroom, 1‑bath units
- Approximately 4,012 square feet
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
$36,741
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
5.26%
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%
$734,820
$734.8K
Cap Rate 7%
$524,871
$524.9K
Cap Rate 9%
$408,233
$408.2K
Market Conditions
NOI Build-Up for 4,012 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
$55.4K $13.80/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$52.5K $13.08/SF
− OpEx
−$15.7K −$3.92/SF
NOI
$36.7K $9.16/SF
Area
Baldwin County, AL
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$734,820
Cap Rate 7%
$524,871
Cap Rate 9%
$408,233
Alternative Uses
Best Use
Multifamily LT 5
$524.9K
$459.3K – $612.4K
NOI $36,741 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$467.2K
$408.8K – $545.0K
NOI $32,702 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$964.8K
$844.2K – $1.13M
NOI $67,536 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
360
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income asset near shopping, dining, medical services, and major roadway access.
Where is this quadplex located?
The property is located at 8570 Southwood Court Fairhope, AL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit multifamily property with full occupancy; Four 2‑bedroom, 1‑bath units; Approximately 4,012 square feet
