Property profile

16964 Teresa Dr Fairhope, AL 36532

OFF-MARKET
Retail properties & Spaces
Property ID
US03-1531406
5,000 SF 0.46 ac lot Built 2022
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 2022
Total area 5,000 SF
Lot 0.46 ac (20,038 SF)
APN 56-01-02-0-001-005.014
UPID US03-1531406

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Garden Center

Location

16964 Teresa Dr Fairhope, AL 36532-6295
Fairhope metro Census 11102 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$960k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$995k

Owner & transaction history

since 2023
Last sale
$945,000
4 recorded transactions
2023
$945,000
2022
$130,000
2018
$525,000
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.5M +26.0%
Restaurant $1.5M +25.1%

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
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