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    19294 County Rd 33 Fairhope, AL 36532
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    19294 County Rd 33 Fairhope, AL 36532

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    • Land

    Property Details for 19294 County Rd 33

    Property type
    Land
    Property subtype
    Commercial land

    Description

    This exceptional 10.3-acre property presents a rare opportunity in the thriving Fairhope, Alabama market. Comprising two parcels – one 5.4 acres and the other 4.9 acres – this undeveloped land offers significant potential for various development projects. The property boasts 155 feet of frontage along County Road 33, providing excellent accessibility. Mature pecan trees add to the land's natural beauty, complemented by a spring-fed water feature situated at the northeast corner. Multiple pole barns are also present on the site. The absence of a homeowner's association (HOA) and any building size restrictions allows for considerable flexibility in development plans. Essential utilities, including water, gas, and electricity, are readily available at County Road 33. The property is zoned under Baldwin County Base Community Zoning Standards (BCZ). The seller is open to considering the sale of the parcels individually and may offer seller financing. Prospective buyers are encouraged to conduct thorough due diligence to verify all information. Prior appointment is required for property viewings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    State
    Alabama

    Comparable in this City

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      Fairhope Ave Commercial Land

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      Fairhope, AL Commercial Land Opportunity

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      Prime Fairhope Development Site

      5.27-acre mixed-use opportunity, fully entitled.
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    • $915,000
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      Fairhope Avenue Commercial Land

      Prime 3-acre parcel, ideal for development.
      9163 Fairhope Ave, Fairhope, AL 36532
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    • $1,700,000
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      Fairhope, AL: 7.12 Acres Unzoned

      Prime Fairhope land, flexible development. Highway 98 location.
      8124 US Highway 98, Fairhope, AL 36532
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    • $299,000
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      Prime Fairhope Land - Rock Creek

      2.2-acre lot, ideal commercial development.
      101 Rock Creek Parkway, Fairhope, AL 36532
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    Similar Nearby for Sale

    • $1,375,000
      6.10 Acres

      Fairhope Ave Commercial Land

      Prime 6.1-acre parcel, ideal for development.
      9163 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $1,108,166
      2.12 Acres

      Fairhope, AL Commercial Land Opportunity

      Four lots, flexible development potential, prime location.
      8124 US Highway 98, Fairhope, AL 36532
      View Details
    • $2,600,000
      229,561.00 Acres

      Prime Fairhope Development Site

      5.27-acre mixed-use opportunity, fully entitled.
      806 Greeno Rd, Fairhope, AL 36532
      View Details
    • $915,000
      3.00 Acres

      Fairhope Avenue Commercial Land

      Prime 3-acre parcel, ideal for development.
      9163 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $1,700,000
      7.12 Acres

      Fairhope, AL: 7.12 Acres Unzoned

      Prime Fairhope land, flexible development. Highway 98 location.
      8124 US Highway 98, Fairhope, AL 36532
      View Details
    • $299,000
      2.20 Acres

      Prime Fairhope Land - Rock Creek

      2.2-acre lot, ideal commercial development.
      101 Rock Creek Parkway, Fairhope, AL 36532
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      107,632 SF

      Fairhope Land: 2.5 Acres Hwy 98

      Prime Baldwin County location. Ground lease or build-to-suit. High visibility.
      0 Greeno Road, Fairhope, AL 36532
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    • $100,000
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      High-Visibility Fairhope Land Lease

      1.82 acres, prime highway corner location. Excellent development opportunity.
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    • $1.84 SF/Yr
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      Prime 19-Acre Fairhope Development Land

      High-growth Baldwin County location; excellent development potential.
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    • Contact for pricing

      Commercial Land For Lease

      2.5 acres available for ground lease or build-to-suit.
      Greeno Rd, Fairhope, AL 36532
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    • Contact for pricing

      Fairhope Avenue Commercial Land

      0.94 acre commercial land parcel on Fairhope Avenue.
      1050 Fairhope Ave, Fairhope, AL 36532
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    • $2 SF/Yr

      Prime Corner Land for Lease

      7.07 acres at signalized intersection, ideal for QSR.
      21973 State Highway 181, Fairhope, AL 36532
      View Details
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    19294 County Rd 33
    Fairhope, AL 36532
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    19294 County Rd 33, Fairhope, AL, 36532
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