Technical
Financial
Distress signals
Property profile

10090 Us Hwy 98 Fairhope, AL 36532

OFF-MARKET
Office buildings
Property ID
US03-0894801
3,245 SF 0.9 ac lot Built 1980
Individually Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This commercial property is located on US Hwy 98 in Fairhope and contains approximately 3,200 square feet of total space, including a 2,400 square-foot commercial main area and an 800 square-foot apartment. The apartment was used as a short-term rental and can also function as on-site living space. The commercial area is laid out with multiple interior rooms: a front entry room suitable for reception or waiting use, a large open central room that was previously used as a dance studio and could support uses such as fitness, retail, instruction, or studio activities, and additional rooms including a cafeteria/break room and a utility room with a three-compartment commercial sink plus an associated loft area used for storage. On the exterior and mechanical systems, the property includes a metal roof installed in 2021, an HVAC system serving the main retail building estimated to have been installed in 2017, and two mini-split units serving the apartment installed in 2023. The building is positioned for visibility along Highway 98.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 3,245 SF
Lot 0.9 ac (39,204 SF)
APN 56-06-23-0-000-055
UPID US03-0894801

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10090 Us Hwy 98 Fairhope, AL 36532-5810
Fairhope metro Census 11300 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2022
Last sale
$345,000
5 recorded transactions
2022
Price N/A
2016
$345,000
2006
$388,480
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10090 Us Hwy 98?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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