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    Property profile & analytics

    108 Section St Fairhope, AL 36532-2431

    • Turn key restaurants
    • 2,922 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $4,005,000
    Last Sale
    Dec 16, 2020
    $3,250,000
    Location Intelligence
    Property ID
    US03-0220765
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Monkee's of Fairhope / Women'S Clothing Store / Clothing Store
    • Well Head Spa / Spa
    • Vine Boutique / Boutique
    • Kind Cafe Fairhope / Breakfast Restaurant / Coffee Shop
    • Cactus Cantina of Fairhope / Mexican Restaurant / Sports Bar

    Property Details for 108 Section St

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    2,922 SF
    Property type
    Turn key restaurants
    APN
    46-03-37-0-701-001.503
    APU
    4603370701001503

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,120,000
      6.5%
      $3,520,000
      7%
      $2,970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,995,000
      Geo Method
      $3,260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,800,000
      Retail
      $3,395,000
      Mixed-Use
      $3,545,000
      Hospitality
      $3,205,000
      Educational
      $2,970,000
      Residential Income
      $3,500,000
      Energy
      $3,375,000
      Income-Based Land
      $3,630,000
      Food Service
      $2,935,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9027
    Latitude
    30.526
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,203
    $179,240
    $303,440
    $482,680
    -
    $896,200
    $1,517,200
    $2,413,400

    Comparable in this City

    • Value Estimation by Request
      913 SF

      17032 Greeno Rd

      RESTAURANT • 913 SF
      17032 Greeno Rd, Fairhope, AL 36532
      View Details
    • Value Estimation
      $315,000
      1,620 SF

      21 Section St

      RESTAURANT • 1,620 SF
      21 Section St, Fairhope, AL 36532-2204
      View Details
    • Value Estimation
      $420,000
      1,224 SF

      19452 Scenic Hwy 98

      RESTAURANT • 1,224 SF
      19452 Scenic Hwy 98, Fairhope, AL 36532-6993
      View Details
    • Value Estimation
      $905,000
      5,899 SF

      805 Mobile St

      RESTAURANT • 5,899 SF
      805 Mobile St, Fairhope, AL 36532-1100
      View Details
    • Value Estimation
      $1,220,000
      1,656 SF

      334 Fairhope Ave

      RESTAURANT • 1,656 SF
      334 Fairhope Ave, Fairhope, AL 36532-2318
      View Details
    • Value Estimation
      $390,000
      3,050 SF

      314 Greeno S Rd

      RESTAURANT • 3,050 SF
      314 Greeno S Rd, Fairhope, AL 36532-1905
      View Details

    Similar Nearby for Sale

    • $1,014,999
      6,720 SF

      Horse Shoe Saloon: Fairhope, AL

      Thriving Restaurant/Bar, Prime Location
      9115 Us-98, Fairhope, AL 36532
      View Details
    • $1,500,000
      1,188 SF

      Bay Break: Fairhope Retail Gem

      Mixed-use property, high visibility, investment opportunity.
      369 Mobile St, Fairhope, AL 36532
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      Fairhope Restaurant & Bar For Sale

      Thriving restaurant, prime Fairhope location. High traffic, strong sales.
      311 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $1,900,000
      2,664 SF

      Downtown Fairhope Corner Lot

      Prime downtown location with restaurant and rental cottage.
      51 S Church St, Fairhope, AL 36532
      View Details
    • $1,200,000
      1,500 SF

      Fairhope Laundromat - High Demand!

      Profitable, established laundromat in prime location.
      9965 Twin Beech Rd, Fairhope, AL 36532
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    • $1,500,000
      1,188 SF

      Prime Fairhope Retail Opportunity

      Historic Bayfront Building, 1,188 SF, Sale/Lease
      369 S Mobile St, Fairhope, AL 36532
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    Similar Nearby for Lease

    • $8,900 /Mo
      3,080 SF

      Downtown Fairhope Restaurant Space

      Prime restaurant space in the heart of downtown Fairhope.
      61 N Section St, Fairhope, AL 36532
      View Details
    • $1.60 SF/Yr
      22,500 SF

      US 98 Prime Retail Ground Lease

      High-traffic location, build-to-suit opportunity.
      0 Greeno Rd, Fairhope, AL 36532
      View Details
    • $3,500 /Mo
      22,500 SF

      High Traffic Area Ground Lease

      Ground lease opportunity in high-traffic area suitable for various businesses.
      355 S Greeno Rd, Fairhope, AL 36532
      View Details
    • $36 SF/Yr
      6,000 SF

      Downtown Fairhope Office Space

      Prime Fairhope location, flexible suites available
      150 Section St, Fairhope, AL 36532
      View Details
    • $39 SF/Yr
      24,759 SF

      Fairhope Retail Center: Prime Location

      New Mixed-Use Retail Space Available
      557-559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $28 SF/Yr
      85,529 SF

      Fairhope Retail Center Opportunity

      Prime Fairhope location, flexible space available
      320 Eastern Shore Shopping Ctr, Fairhope, AL 36532
      View Details
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    108 Section St
    Fairhope, AL 36532-2431
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    Realmo Value Estimation

    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.

    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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