Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5 Acre Land in Perdido Title is generated by Realmo AI

    County Road 47, Perdido, AL 36562

    View on Map
    Claim this Listing
    For Sale
    $110,000

    LAND - Perdido, AL

    Lot size:
    5.00 Acres
    Added:
    Nov 11, 2024
    Days on Market:
    569
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for County Road 47

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-07-36-0-000-011.002
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Description
    Legal Description:499' X 283' IRR BEG AT SW COR OF NW1/4 OF SE1/4 RUN N 700'(S) TO POB, TH E 280', TH SE 499' ALG W R/W Parcel: 15-07-36-0-000-011.004 Legal Description: 100'(S) X 400'(S) IRR FM INT OF NE COR LOT 42 GREENWOOD PLAT & W R/W CO HWY 47 RUN TH W 280'(S) FOR POB, TH S 350'(S), TH NW 400'

    We can help!

    Listing Contact
    Dwayne (DJ) Hinson

    Listing agent Dwayne (DJ) Hinson License #151345-1

    Listing office EXIT Realty Gulf Shores 3145 Gulf Shores Parkway, AL

    Listing date Nov 11, 2024

    MLS# 370403 Listing URL

    Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5 acres in the middle of town
    • 499' of road frontage on CR 47
    • Easy access to Interstate 65 and State Hwy 31
    • Conveniently located to schools and shopping
    • Perdido Elementary directly across the street
    • Close proximity to the new Aluminum plant in Bay Minette (8 miles)

    Overview

    This property features 5 acres of land, as per the Tax Assessor Website, situated in the middle of town. It offers 499 feet of road frontage on County Road 47. The location provides convenient access to both Interstate 65 and State Highway 31. The property is conveniently located near schools and shopping, with Perdido Elementary directly across the street, and Dollar General, Post Office, and Churches within walking distance. Furthermore, Perdido Exit 45 is only one exit away from the new Aluminum plant in Bay Minette, approximately 8 miles away. The property presents endless possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Perdido
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6228111
    Latitude
    31.0023772

    Nearby Similar for Sale

    • $825,000

      Versatile Land in Growing Area

      55-acre development tract with road frontage and multiple potential uses.
      0 Lonnie Hadley Rd, Perdido, AL 36562
      View Details
    • $225,000

      Prime Commercial Corner Lot

      Highly visible corner lot in Perdido, AL, for sale.
      23940 County Road 47, Perdido, AL 36562
      View Details
    • $225,000

      Commercial Corner Lot in Perdido

      Highly visible corner lot perfect for a business venture.
      23940 County Road 47, Perdido, AL 36562
      View Details
    • $810,000

      150-Acre Tract in Perdido, AL

      Rare 150-acre tract ideal for recreation, timber investment, development.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details
    • $2,835,000

      Large Acreage in Perdido, AL

      427-acre tract near I-65, suitable for recreation or development.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details
    • $795,150

      93 Acres in Perdido, AL

      Rare 93-acre tract ideal for recreation, timber investment, development.
      0 Splinter Hill Rd, Perdido, AL 36562
      View Details
    • $3,510,000

      Large Acreage Land in Perdido

      520-acre tract ideal for recreation, timber investment, or development.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details
    • $425,000

      Land with Stocked Pond

      Rural property with pond, pasture, and convenient location.
      0 Gap Weekley Road, Perdido, AL 36562
      View Details
    • $220,000

      20-Acre Land with Pole Barn

      20-acre property with cleared land, pole barn, and food plot.
      0 Paul Road, Perdido, AL 36562
      View Details
    • $432,000

      60-Acre Tract in Perdido, AL

      Rare 60-acre tract ideal for recreation, timber investment, development.
      0 Splinter Hill Rd, Perdido, AL 36562
      View Details
    • $414,000

      Perdido AL Vacant Land Tract

      46-acre tract ideal for recreation, timber investment, or development.
      0 George Thomley Rd, Perdido, AL 36562
      View Details
    • $414,000

      Prime Vacant Land in Perdido

      46-acre tract ideal for recreation, timber investment, or development.
      0 Jack Springs Rd, Perdido, AL 36562
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5 acres with road frontage near schools and shopping.
    Where is this commercial land located?
    The property is located at County Road 47 Perdido, AL.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 5 acres in the middle of town; 499' of road frontage on CR 47; Easy access to Interstate 65 and State Hwy 31
    (251) 689-5102
    We can help!
    Listing Contact
    Dwayne (DJ) Hinson
    Real Estate License ID: 151345-1
    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
    County Road 47, Perdido, AL 36562
    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!