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    9731 Hwy Spanish Fort, AL 36527
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    9731 Hwy, Spanish Fort, AL 36527

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    • Land
    • 3.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9731 Hwy

    Lot size
    3.98 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 3.98-acre parcel of land presents a compelling investment opportunity in the rapidly expanding Baldwin County, Alabama. Strategically located at 9731 Hwy 31 in Spanish Fort, this property boasts a prime location near the intersection of Hwy 31 and AL-181, ensuring high visibility and accessibility. The land is zoned for Agricultural, Commercial, and Industrial uses within the Spanish Fort Extraterritorial Jurisdiction (APN: 05-32-05-22-0-000-081.010), offering considerable flexibility for development. Baldwin County's remarkable growth trajectory, with a 27.2% population increase between 2010 and 2020, positions this property for significant future appreciation. The asking price is $1,733,688, with potential pricing of $10-$15 per square foot. This property is available for sale in its entirety or potentially as subdivided parcels, making it suitable for a range of development projects. The property's location and zoning provide a unique opportunity to capitalize on the area's robust economic growth and increasing demand for commercial and industrial space. Serious inquiries are encouraged to explore the potential of this exceptional land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8589
    Latitude
    30.6767

    Comparable in this City

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      5.15 Acres

      Jimmy Faulkner Dr

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      37.00 Acres

      E.i. "Boots" Thomas Dr

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      2.60 Acres

      31153 Stagecoach Rd

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      31153 Stagecoach Rd, Spanish Fort, AL 36527
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      3.20 Acres

      30794 Al-181

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      30794 Al-181, Spanish Fort, AL 36527
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      1.63 Acres

      3I Cypress Way

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      1.16 Acres

      Spanish Fort Blvd

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    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Land For Sale

      Land available for sale in Spanish Fort, Alabama.
      10527 Eastern Shore Blvd, Spanish Fort, AL 36527
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    • $2,485,000
      9.50 Acres

      Spanish Fort Retail Land - $2.485M

      9.5 Acres, I-10 Access, High-Growth Area
      0 Us Highway 31, Spanish Fort, AL 36527
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    • $148,900

      Spanish Fort Commercial Land

      Prime Commercial Lot, I-10 Proximity
      0 Timber Cir, Spanish Fort, AL 36527
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      Land For Sale

      Land available for sale in Spanish Fort, Alabama.
      10527 Eastern Shore Blvd, Spanish Fort, AL 36527
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    Similar Nearby for Lease

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      14,000 SF

      Industrial Building on Highway 31

      14,000 sqft industrial building with office and warehouse space.
      11118 Us Highway 31, Spanish Fort, AL 36527
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      15,350 SF

      Spanish Fort Town Center Retail

      Retail, restaurant, and office spaces available for lease.
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      800 SF

      Office and Retail Space Available

      Office and retail spaces for lease with high visibility.
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
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      6,000 SF

      Premium Office Suites For Rent

      Executive office suites in a convenient, growing location.
      30466 Sgt. E.i. Boots Dr, Spanish Fort, AL 36527
      View Details
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    Spanish Fort, AL 36527
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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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