Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land on Highway 59 Frontage Title is generated by Realmo AI

    Charlie Kraker Rd, Bay Minette, AL 36507

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Outparcels available on Highway 59 in Bay Minette, Alabama.

    Type:Land
    Lot size:
    8.00 Acres
    Added:
    Jun 12, 2024
    Days on Market:
    722
    Last Refresh:
    May 12 at 9:31 pm

    Property Features for Charlie Kraker Rd

    General Information

    Standard status
    Active
    Lot size
    8.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Colby Herrington, CCIM
    Colby Herrington, CCIM

    Listing agent Colby Herrington, CCIM License #AL 000100848-0

    Listing office Herrington Realty

    Listing date Jun 12, 2024

    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 Herrington Realty

    HighLights

    • Located in Baldwin County, the fastest‑growing county in Alabama by population
    • Baldwin County is ranked number one in Alabama for incoming business development for four consecutive years
    • Frontage on Highway 59
    • Close proximity to Baldwin County High School
    • Approximately 8 acres of land available, with flexible purchase options
    • Proposed Hampton Inn by Hilton on the backside of the property

    Overview

    Available for purchase are outparcels in Bay Minette, Alabama, featuring frontage on Highway 59. The property includes approximately 8 acres of available land, with the option to purchase any needed size. The location on Highway 59 is near Baldwin County High School. A proposed Hampton Inn by Hilton is planned for the backside of the property. Baldwin County is recognized as the fastest-growing county in Alabama by population growth and has been ranked number one in the state for incoming business development for four consecutive years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bay Minette
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7146
    Latitude
    30.8772

    Nearby Similar for Sale

    • $450,000

      Turnkey Restaurant/Gastropub Opportunity

      Restaurant/Gastropub with existing infrastructure in a high-traffic location.
      124 North Hoyle Avenue, Bay Minette, AL 36507
      View Details
    • $818,025

      Land Along Highway 59 Frontage

      41.95 acres of land with highway frontage near Novelis.
      39207 State Highway 59, Bay Minette, AL 36507
      View Details
    • $450,000

      Turnkey Restaurant Opportunity

      Restaurant/Gastropub opportunity next to high-traffic anchor in Bay Minette, AL.
      124 Hoyle Avenue North, Bay Minette, AL 36507
      View Details
    • $289,900
      3,466 SF

      Bay Minette Quadplex Investment Opportunity

      Multi-family quadplex in Bay Minette, Alabama with recent upgrades.
      300 Mcmillan Avenue, Bay Minette, AL 36507
      View Details
    • $850,000

      Unzoned Land Near Interstate 65

      2.016-acre commercial land near I-65 and Novelis plant.
      15281 Shipp Road, Bay Minette, AL 36507
      View Details
    • $627,000

      Undeveloped Land Near Novelis Plant

      5.7 acres of unzoned land with highway frontage.
      50117 Rabun Road, Bay Minette, AL 36507
      View Details
    • $600,000

      Commercial Land Near Interstate 65

      Unzoned land near I-65 and Novelis plant.
      15243 Shipp Road, Bay Minette, AL 36507
      View Details
    • $159,900

      Unzoned Land on Corner Lot

      8.43 acres of unzoned land with endless possibilities.
      13400 D'Olive Street, Bay Minette, AL 36507
      View Details
    • $4,176,000

      Versatile Development Tract in Opportunity Zone

      522-acre development tract in Phillipsville area, Baldwin County.
      0 Flowers Rd, Bay Minette, AL 36507
      View Details
    • $825,000

      Bay Minette Farm/Estate with Cottage

      43-acre Bay Minette property with cottage, pond, and timber.
      42518 Dixon Rd. S, Bay Minette, AL 36507
      View Details
    • $899,900

      Land Near Novelis Plant

      Unzoned land with road frontage near Novelis aluminum plant.
      49640 Rabun Road, Bay Minette, AL 36507
      View Details
    • $43,900

      Flat Lot Near Bay Minette

      0.64-acre lot with highway frontage near Bay Minette, Alabama.
      0000 Eastwood Drive, Bay Minette, AL 36507-0000
      View Details

    FAQs

    What type of property is this?
    Commercial land - Outparcels available on Highway 59 in Bay Minette, Alabama.
    Where is this commercial land located?
    The property is located at Charlie Kraker Rd Bay Minette, AL.
    What are key features of this property?
    This property features: Located in Baldwin County, the fastest‑growing county in Alabama by population; Baldwin County is ranked number one in Alabama for incoming business development for four consecutive years; Frontage on Highway 59
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colby Herrington, CCIM
    Colby Herrington, CCIM
    Real Estate License ID: AL 000100848-0
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Charlie Kraker Rd, Bay Minette, AL 36507
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!