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    557-559 Fairhope Ave Fairhope, AL 36532

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    For Lease
    Contact for pricing

    New Mixed-Use Retail Space Available

    Lot size:
    24,759 SF

    Property Features for 557-559 Fairhope Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,759 SF
    Total Rate
    80466.75

    Building Details

    Year Built
    2025
    Buildings
    2
    Stories
    2

    Spaces For Lease

    at 557-559 Fairhope Ave, Fairhope, AL 36532 Contact us
    Unit Suite 104 - 559

    $39 /Mo

    Size
    1,693 SF
    Contact us
    Unit Suite 105 - 559

    $39 /Mo

    Size
    1,419 SF
    Contact us
    Unit Suite 106 - 559

    $39 /Mo

    Size
    1,470 SF
    Contact us
    Unit Suite 107 - 559

    $40 /Mo

    Size
    1,406 SF
    Contact us
    Unit Suite 108 - 557

    $40 /Mo

    Size
    1,406 SF
    Contact us
    Unit Suite 109 - 557

    $39 /Mo

    Size
    1,470 SF
    Contact us
    Unit Suite 110 - 557

    $39 /Mo

    Size
    1,418 SF
    Contact us
    Unit Suite 111 - 557

    $39 /Mo

    Size
    1,238 SF
    Contact us
    Unit , Suite 205 - 559

    $39 /Mo

    Size
    1,107 SF
    Contact us
    Unit Suite 206 - 559

    $39 /Mo

    Size
    2,675 SF
    Contact us
    Unit Suite 207 - 559

    $39 /Mo

    Size
    860 SF
    Contact us
    Unit Suite 208 - 559

    $39 /Mo

    Size
    860 SF
    Contact us
    Unit Suite 209 - 559

    $39 /Mo

    Size
    1,389 SF
    Contact us
    Unit Suite 210 - 557

    $39 /Mo

    Size
    2,492 SF
    Contact us
    Unit Suite 211 - 557

    $39 /Mo

    Size
    990 SF
    Contact us
    Unit Suite 212 - 557

    $39 /Mo

    Size
    818 SF
    Contact us
    Unit Suite 213 - 557

    $39 /Mo

    Size
    1,039 SF
    Contact us
    Unit Suite 214 - 557

    $39 /Mo

    Size
    1,009 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jeff Barnes
    Jeff Barnes

    Listing Agency: Stirling Properties Mobile Listing Agent: Jeff Barnes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional new mixed-use development, Portico, offers 18 available retail and restaurant spaces in the vibrant Fairhope, Alabama market. Located at 557-559 Fairhope Ave, 36532, this two-building, two-story complex boasts a total of 24,759 square feet on a 2.06-acre lot. Units range from a minimum of 818 square feet to a maximum contiguous space of 2,675 square feet, with the potential for expansion up to 5,988 square feet. The property is situated in Baldwin County and was newly constructed in 2025, ensuring modern amenities and efficient layouts. Each unit includes a dedicated restroom, a significant advantage for tenants. Suite 104 offers the unique benefit of dual access, from Fairhope Avenue and Portico Street, providing excellent visibility and convenient access. The entire 24,759 square feet is currently vacant, presenting a rare opportunity for businesses seeking a prominent location in a thriving community. This turnkey property is ready for immediate occupancy, offering a seamless transition for new tenants. The property's prime location and modern design make it an ideal investment for a variety of retail and restaurant concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.8983886
    Latitude
    30.5232773

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    FAQs

    What type of property is this?
    Restaurant - New Mixed-Use Retail Space Available
    Where is this restaurant located?
    The property is located at 557-559 Fairhope Ave Fairhope, AL.
    What is the lease rate?
    The lease rate is $39-$40 SF/Yr.
    What are key features of this property?
    This property features: 18 available retail/restaurant spaces in a new, two-building Fairhope, AL mixed-use development (24,759 SF on 2.06 acres).; Units range from 818 SF to 2,675 SF contiguous (potential expansion up to 5,988 SF).; Located at 557-559 Fairhope Ave, Fairhope, AL 36532.
    (251) 342-7229 Call to check price and availability
    Request Owner's contact information
    557-559 Fairhope Ave Fairhope, AL 36532
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    Fairhope, AL 36532
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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
    557-559 Fairhope Ave Fairhope, AL 36532
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    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Barnes
    Jeff Barnes
    Real Estate License ID: AL32887
    (251) 342-7229 (251) 975-8222 (251) 375-2496
    Learn more
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