Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hoyle Ave Fairhope, AL 36532
    Back to Search
    Property profile & analytics

    Hoyle Ave Fairhope, AL 36532

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hoyle Ave

    Property type
    Land

    Description

    This exceptional .97-acre commercial land parcel presents a unique investment opportunity in the thriving city of Fairhope, Alabama. Located at the Northwest corner of Greeno Road and Hoyle Avenue, this site boasts unparalleled accessibility and visibility. All utilities are readily available, eliminating the need for costly infrastructure development. The property is 100% usable, with no on-site retention required, maximizing buildable area and minimizing upfront costs. Its strategic location offers significant advantages, situated adjacent to The Reserve at Fairhope, a prestigious upscale senior living community. This proximity ensures a steady stream of potential clientele and benefits from the community's established infrastructure. Furthermore, the property is conveniently close to Fairhope's vibrant parks, charming boutiques, and diverse culinary scene, enhancing its appeal and attracting a wide range of potential businesses. Fairhope's remarkable growth trajectory, evidenced by its ranking as the third fastest-growing city in Alabama with 1,108 new residents in 2023, underscores the exceptional investment potential of this site. The surrounding Baldwin County MSA also ranks among the top 10 fastest-growing in the U.S., further solidifying its long-term prospects. With a high daily traffic count of approximately 27,818 vehicles on Greeno Road, this property offers unmatched exposure for any commercial venture. This is an exceptional opportunity to capitalize on Fairhope's dynamic growth and establish a thriving business in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8862
    Latitude
    30.5348

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      Rockwell Pl

      Land • 0.90 Acres
      0 Rockwell Pl, Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      0.57 Acres

      Rock Creek Pkwy

      Land • 0.57 Acres
      0 Rock Creek Pkwy, Fairhope, AL 36532
      View Details
    • Value Estimation by Request

      Keller Rd

      Farms
      0 Keller Rd, Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      22.47 Acres

      9764 Us-98

      Land • 22.47 Acres
      9764 Us-98, Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      3.95 Acres

      7503 Hwy

      Land • 3.95 Acres
      7503 Hwy, Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      1.30 Acres

      Maple St

      Multifamily properties • 1.30 Acres
      0 Maple St, Fairhope, AL 36532
      View Details

    Similar Nearby for Sale

    • $1,375,000
      6.10 Acres

      Fairhope Ave Commercial Land

      Prime 6.1-acre parcel, ideal for development.
      9163 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $1,108,166
      2.12 Acres

      Fairhope, AL Commercial Land Opportunity

      Four lots, flexible development potential, prime location.
      8124 US Highway 98, Fairhope, AL 36532
      View Details
    • $1,600,000
      16.70 Acres

      Fairhope Commercial Land - Highway 181

      16.7 Acres, High-Growth Fairhope, AL
      0 State Highway 181, Fairhope, AL 36532
      View Details
    • $950,000
      1.30 Acres

      Fairhope Commercial Property

      Multifamily, Office, Land Opportunity
      0 Maple St, Fairhope, AL 36532
      View Details
    • $755,000

      Land Parcel on Martin Lane

      Land available on Martin Lane, Fairhope, Alabama.
      13287 Martin Ln, Fairhope, AL 36532
      View Details
    • $395,000
      4.98 Acres

      Fairhope Land with Development Potential

      4.98 acres of land in Fairhope, Alabama.
      Twin Beech Rd, Fairhope, AL 36532
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      107,632 SF

      Fairhope Land: 2.5 Acres Hwy 98

      Prime Baldwin County location. Ground lease or build-to-suit. High visibility.
      0 Greeno Road, Fairhope, AL 36532
      View Details
    • $1.84 SF/Yr
      844,401 SF

      Prime 19-Acre Fairhope Development Land

      High-growth Baldwin County location; excellent development potential.
      Keller and us 98 road, Fairhope, AL 36532
      View Details
    • $100,000
      79,279 SF

      High-Visibility Fairhope Land Lease

      1.82 acres, prime highway corner location. Excellent development opportunity.
      20900 al 181, Fairhope, AL 36532
      View Details
    • $2 SF/Yr

      Prime Corner Land for Lease

      7.07 acres at signalized intersection, ideal for QSR.
      21973 State Highway 181, Fairhope, AL 36532
      View Details
    • Contact for pricing

      Commercial Land For Lease

      2.5 acres available for ground lease or build-to-suit.
      Greeno Rd, Fairhope, AL 36532
      View Details
    • Contact for pricing

      Fairhope Avenue Commercial Land

      0.94 acre commercial land parcel on Fairhope Avenue.
      1050 Fairhope Ave, Fairhope, AL 36532
      View Details
    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.
    Hoyle Ave
    Fairhope, AL 36532
    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
    Hoyle Ave, Fairhope, AL, 36532
    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!