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    557-559 Fairhope Ave Fairhope, AL 36532

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    Mixed-use buildings for retail and office uses in Fairhope, AL.

    Type:Retail, Office, Restaurant
    Property size:
    13,000 SF
    Added:
    Jul 7, 2022
    Days on Market:
    1388
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 557-559 Fairhope Ave

    General Information

    Standard status
    Active
    Size
    13,000 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 557-559 Fairhope Ave Contact us

    Suite 105 - 559 $39 /Mo

    Size
    1,373 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnExpense Type NNNnNNN Expenses $7.00nDivisible Sqft : 1,360nExpiration...
    show more
    Contact us

    Suite 111 - 557 $39 /Mo

    Size
    1,192 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnDivisible Sqft : 1192nExpiration Date 7/18/2026
    Contact us

    Suite 205 - 559 $39 /Mo

    Size
    866 SF
    Type
    Retail, Office, Restaurant
    Lease Terms 60 MonthsnExpense Type NNNnExpiration Date 7/18/2026nPercent Occupied...
    show more
    Contact us

    Suite 106 - 559 $39 /Mo

    Size
    1,424 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnNNN Expenses $7.00nDivisible Sqft : 1360nExpiration Date 18/10/2025
    Contact us

    Suite 213 - 557 $39 /Mo

    Size
    845 SF
    Type
    Retail, Office
    Lease Terms 60 MonthsnExpiration Date 7/18/2026
    Contact us

    Floor 1 Suite 104 - 559 $39 /Mo

    Size
    1,642 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnExpense Type NNNnNNN Expenses $7.00nExpiration Date: 10/18/2025nTurn-key...
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    Contact us

    Suite 207 - 559 $39 /Mo

    Size
    686 SF
    Type
    Office
    Lease Terms 60 MonthsnExpiration Date 7/18/2026
    Contact us

    Suite 212 - 557 $39 /Mo

    Size
    665 SF
    Type
    Office
    Lease Terms 60 MonthsnExpiration Date 7/18/2026
    Contact us

    Suite 109 - 557 $39 /Mo

    Size
    1,424 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnDivisible Sqft : 1,192nExpiration Date 7/18/2026
    Contact us

    Suite 208 - 559 $39 /Mo

    Size
    686 SF
    Type
    Office
    Lease Terms 60 MonthsnExpiration Date 7/18/2026
    Contact us

    Suite 107 - 559 $40 /Mo

    Size
    1,360 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnExpense Type NNNnNNN Expenses $7.00nDivisible : 1,360nExpiration...
    show more
    Contact us

    Suite 206 - 559 $39 /Mo

    Size
    2,115 SF
    Type
    Retail, Office, Restaurant
    Lease Terms 60 MonthsnExpense Type NNNnExpiration Date 18/10/2025
    Contact us

    Suite 214 - 557 $39 /Mo

    Size
    820 SF
    Type
    Office
    Expiration Date 7/18/2026
    Contact us

    Suite 211 - 557 $39 /Mo

    Size
    805 SF
    Type
    Office
    Lease Terms 60 MonthsnExpiration Date 7/18/2026
    Contact us

    Suite 108 - 557 $40 /Mo

    Size
    1,360 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnExpense Type NNNnDivisible Sqft : 1,192nExpiration Date 7/18/2026
    Contact us

    Suite 110 - 557 $39 /Mo

    Size
    1,373 SF
    Type
    Retail, Restaurant
    Lease Terms 60 MonthsnExpense Type NNNnNNN Expenses $7.00nDivisible Sqft : 1,192nExpiration...
    show more
    Contact us

    Suite 209 - 559 $39 /Mo

    Size
    1,107 SF
    Type
    Retail, Office, Restaurant
    Lease Terms 60 MonthsnExpiration Date 7/18/2026
    Contact us
    Show more

    We can help!

    Listing Contact
    Gantt Wilkinson

    Listing agent Gantt Wilkinson License #141761

    Listing date Jul 7, 2022

    Source Crexi

    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 Gantt Wilkinson

    Overview

    Mixed-Use Buildings in Downtown Fairhope

    The final phase of PORTICO, situated in Downtown Fairhope, AL, features two mixed-use buildings designed for retail and office purposes. These buildings are separated by a common courtyard area. The retail component comprises approximately 11,148 square feet of ground-floor space, while the second-floor office space totals approximately 13,000 square feet. Both buildings are currently under construction with an anticipated delivery date of February 2026. The architectural elements are intended to complement the existing phases of PORTICO, which include over 15,000 square feet of commercial and office space, as well as 12 residential cottages.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8974966
    Latitude
    30.5235504

    Nearby Similar for Lease

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    • $3,250/Mo

      2,705 SF Retail For Lease - 361 Commercial Park Dr (Floor 101, Suite A)

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      Fairhope Commercial Space with Apartment

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      90 - 1,250 SF Renovated Co-Working Space For Lease (Floor 2, Suite 1201)

      Renovated office suites in Fairhope, Alabama, ranging from 90-1250 SF.
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      140 SF Single Office Spaces For Lease in Fairhope (Floor First, Suite 4)

      140 SF office space in Fairhope, AL. Full-service lease.
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      268 SF Single Office Spaces For Lease in Fairhope

      268 sq ft office space in Fairhope, full-service lease.
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    • $3,250/Mo

      1,188 SF Retail property along the Mobile Bay For Lease

      1,188 SF retail space with road frontage along Mobile Bay.
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    • $600/Mo

      132 SF Single Office For Lease in Downtown Fairhope

      132 sq ft office in the heart of Fairhope.
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    • $16 SF/Yr

      Montrose Office Space For Rent

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    • $40 SF/Yr

      1,753 - 3,900 SF Office For Lease - 55 N. Section Street - Floor 1st floor, Suite A & B

      Versatile office space in prime Fairhope location.
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    • $250 SF/Yr

      41 SF Private Offices & Co-working Space For Lease - 314 Magnolia (Suite 1st Floor)

      41 sq ft office in Fairhope's newest Class A building.
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      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use buildings for retail and office uses in Fairhope, AL.
    Where is this mixed-use property located?
    The property is located at 557-559 Fairhope Ave Fairhope, AL.
    What are key features of this property?
    This property features: Located in Downtown Fairhope, AL, a desirable and established area.; Part of the successful PORTICO development with proven quality and appeal.; Mixed‑use buildings offering both retail (11,148 SF) and office (13,000 SF) space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gantt Wilkinson
    Real Estate License ID: 141761
    Learn More
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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.

    More about this property
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