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Property profile & analytics
OFF-MARKET
Office Spaces

21765 Al-181 Fairhope, AL 36532

5,782 SF 2 ac lot
Property ID
Property summary
AI-generated overview

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).

Property profile
Verified
Property type Office Spaces
Total area 5,782 SF
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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