21765 Al-181 Fairhope, AL 36532
This exceptional Fairhope, Alabama property offers a unique investment opportunity. The 5,782 square foot mixed-use building includes a 4,782 square foot medical office, currently owner-occupied but available upon sale, and a 1,000 square foot space leased to a short-term tenant. The property also features a separate, approximately 1,800 square foot, three-bedroom, two-bathroom residential home and a 1,600 square foot metal shop. The medical office, renovated in 2000, is situated on a two-acre lot with excellent highway visibility on AL-181. The property boasts 37 parking spaces and a digital road sign. The residential portion is zoned RSF-1 (Residential Single Family District) and would require rezoning for commercial use. Medical furniture, fixtures, and equipment are negotiable. This prime location benefits from Baldwin County's rapid population growth, making it an attractive investment in a thriving market. The property's APN is 05-46-02-10-0-000-030.002, 05-46-02-10-0-000-030.127, and 05-46-02-10-0-000-030.001. The asking price is $2,515,000. The property is classified as Class C and consists of two units in a single-story building. The permitted zoning includes B-2 (Local Business District) and RSF-1 (Residential Single Family District).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.