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    Property profile & analytics

    7687 Spanish Fort Blvd Spanish Fort, AL 36527

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7687 Spanish Fort Blvd

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    This exceptional 9-acre parcel presents a remarkable opportunity for commercial development in the thriving Spanish Fort, Alabama market. Boasting a highly desirable location, the property offers unparalleled visibility with over 375 feet of frontage on Spanish Fort Boulevard (Highway 31), a major thoroughfare. The significant depth of over 1100 feet, coupled with Driftwood Lane running the entire length of the property, ensures complete accessibility from the east. This allows for versatile development plans and efficient site utilization. The expansive acreage provides ample space for a variety of commercial ventures, from retail centers and office complexes to light industrial facilities. The strategic location within Spanish Fort, a rapidly growing community, guarantees strong potential for return on investment. The property's size and accessibility make it an exceptional opportunity for developers seeking a prime location in a dynamic market. The address is 7687 Spanish Fort Blvd, Spanish Fort, AL 36527. The asking price is $1,800,000.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    State
    Alabama

    Comparable in this City

    • $899,900
      2.41 Acres

      Spanish Fort Commercial Land - 2.4 Acres

      Prime Baldwin County location, B-2 zoning. High potential.
      7330 Spanish Fort Blvd, Spanish Fort, AL 36527
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    • $795,000
      1.51 Acres

      Prime Eastern Shore Commercial Lot

      1.5-Acre Commercial Lot in Spanish Fort
      10527 eastern shore boulevard, Spanish Fort, AL 36527
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    • $564,000
      1.63 Acres

      Spanish Fort Office Land - 1.63 Acres

      Prime commercial land, ideal healthcare or office.
      Town Center Ave & Cypress Way, Spanish Fort, AL 36527
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    • $270,000
      3.00 Acres

      Prime Land Parcel in Spanish Fort

      3-acre parcel ideal for commercial or residential development.
      Us Highway 31, Spanish Fort, AL 36527
      View Details
    • $270,000
      3.00 Acres

      Prime Land Parcel in Spanish Fort

      3+/- acre parcel perfect for commercial or residential purposes.
      Us Highway 31, Spanish Fort, AL 36527
      View Details
    • $3,000,000
      56.00 Acres

      Spanish Fort Waterfront Land

      56 Acres, Riverfront, Residential
      0 Blakley Riv Rd, Spanish Fort, AL 36527
      View Details

    Similar Nearby for Sale

    • $564,000
      1.63 Acres

      Spanish Fort Office Land - 1.63 Acres

      Prime commercial land, ideal healthcare or office.
      Town Center Ave & Cypress Way, Spanish Fort, AL 36527
      View Details
    • $795,000
      1.51 Acres

      Prime Eastern Shore Commercial Lot

      1.5-Acre Commercial Lot in Spanish Fort
      10527 eastern shore boulevard, Spanish Fort, AL 36527
      View Details
    • $899,900
      2.41 Acres

      Spanish Fort Commercial Land - 2.4 Acres

      Prime Baldwin County location, B-2 zoning. High potential.
      7330 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $270,000
      3.00 Acres

      Prime Land Parcel in Spanish Fort

      3+/- acre parcel perfect for commercial or residential purposes.
      Us Highway 31, Spanish Fort, AL 36527
      View Details
    • $270,000
      3.00 Acres

      Prime Land Parcel in Spanish Fort

      3-acre parcel ideal for commercial or residential development.
      Us Highway 31, Spanish Fort, AL 36527
      View Details
    • $39,900
      0.35 Acres

      Spanish Fort Residential Lot

      Build Your Dream Home Today!
      32947 Boardwalk Dr, Spanish Fort, AL 36527
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      2,223 SF

      Eastern Shore Retail Space Available

      Prime 2,223 sq ft retail space in high-traffic shopping center.
      30500 AL-181, Spanish Fort, AL 36527
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    • $16 SF/Yr
      15,350 SF

      Spanish Fort Town Center Retail

      Retail, restaurant, and office spaces for lease.
      23000 Town Center Ave, Spanish Fort, AL 36527
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    • $24 SF/Yr
      4,000 SF

      Spanish Fort Office Space Available

      High-visibility office space for lease in Spanish Fort, AL.
      30179 Eastern Shore Ct, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr
      2,989 SF

      Spanish Fort Office Suite - Available Now

      Prime Spanish Fort office space, 2,989 sq ft.
      7884 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr
      3,743 SF

      Spanish Fort Office Space Available

      Executive Suites, 2,989 SF Available
      7884 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $15 SF/Yr
      12,000 SF

      Spanish Fort Executive Office Space

      Prime Office Space, Spanish Fort, AL
      30466 Sgt. Ei Boots Rd, Spanish Fort, AL 36527
      View Details
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    7687 Spanish Fort Blvd
    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.

    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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