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    Property profile & analytics

    118 Lottie Ln Fairhope, AL 36532-2995

    • Medical offices
    • 4,784 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US03-3138611
    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

    • Dr. Duane Michael Schrock / Optometrist
    • Dr. Stephanie Montgomery / Optometrist / Practitioner Service Location
    • Zackary Elkins / Optometrist
    • Eastern Shore Eye Care / Optometrist / Sunglasses Store

    Property Details for 118 Lottie Ln

    Year built
    2012
    Lot size
    0.35 lot acres
    Property size
    4,784 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    46-05-16-0-000-028.809
    APU
    4605160000028809

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $235,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $260,000
      Mixed-Use
      $280,000
      Hospitality
      $235,000
      Educational
      $275,000
      Residential Income
      $235,000
      Energy
      $265,000
      Income-Based Land
      $255,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8838
    Latitude
    30.5224
    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
    $7,858
    $39,420
    $131,400
    $170,820
    -
    $197,100
    $657,000
    $854,100

    Comparable in this City

    • Value Estimation by Request
      3,709 SF

      767 Middle St

      MEDICAL BUILDING • 3,709 SF
      767 Middle St, Fairhope, AL 36532-1715
      View Details
    • Value Estimation
      $875,000
      4,089 SF

      19354 Greeno Rd

      MEDICAL BUILDING • 4,089 SF
      19354 Greeno Rd, Fairhope, AL 36532-3834
      View Details
    • Value Estimation
      $975,000
      1,097 SF

      307 Section St

      MEDICAL BUILDING • 1,097 SF
      307 Section St, Fairhope, AL 36532-2634
      View Details
    • Value Estimation
      $1,005,000
      34,370 SF

      341 Greeno N Rd

      MEDICAL BUILDING • 34,370 SF
      341 Greeno N Rd, Fairhope, AL 36532-2979
      View Details
    • Value Estimation
      $450,000
      3,493 SF

      8552 Morphy Ave

      MEDICAL BUILDING • 3,493 SF
      8552 Morphy Ave, Fairhope, AL 36532-3696
      View Details
    • Value Estimation
      $3,540,000
      8,516 SF

      124 Professional Park Dr

      MEDICAL BUILDING • 8,516 SF
      124 Professional Park Dr, Fairhope, AL 36532-1906
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $45 SF/Yr
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      5,941 SF

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    • $600 /Mo
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      Prime Fairhope location, 132 sq ft office.
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      View Details
    • $25 SF/Yr
      3,045 SF

      Fairhope Medical Office Suite C

      Prime Medical Office Space in Fairhope, AL
      341 Greeno Rd N, Fairhope, AL 36532
      View Details
    • $2,750 /Mo
      1,800 SF

      Fairhope Office/Medical/Industrial Space For Rent

      Versatile space in Medical Overlay District near Thomas Hospital.
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      View Details
    • $23 SF/Yr
      5,782 SF

      Fairhope Medical Office Opportunity

      High-visibility medical office, sale/lease
      21875 AL-181, Fairhope, AL 36532
      View Details
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    Fairhope, AL 36532-2995
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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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