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    Property profile & analytics

    199 Spg Run Dr Fairhope, AL 36532-3880

    • Apartment buildings
    • 4,742 SF
    • 3.80 lot acres
    OFF-MARKET
    Value Estimation
    $4,710,000
    Last Sale
    Jul 13, 2025
    $5,525,000
    Location Intelligence
    Property ID
    US03-1311066
    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

    • Autumn Dale Apartments / Apartment Building
    • Wynwood at Fairhope / Apartment Rental Agency / Apartment Complex

    Property Details for 199 Spg Run Dr

    Year built
    1984
    Lot size
    3.80 lot acres
    Property size
    4,742 SF
    Property type
    Apartment buildings
    APN
    46-05-21-0-000-010.029
    APU
    4605210000010029

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,165,000
      6.5%
      $3,985,000
      7%
      $3,550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,305,000
      Geo Method
      $3,575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,550,000
      Retail
      $4,115,000
      Mixed-Use
      $3,635,000
      Hospitality
      $3,410,000
      Educational
      $3,545,000
      Residential Income
      $4,015,000
      Energy
      $4,220,000
      Income-Based Land
      $3,425,000
      Food Service
      $3,655,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8833
    Latitude
    30.5149
    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
    $33,855
    $0.00
    $735,980
    $735,980
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      76,499 SF

      300 Fly Crk Ave

      APARTMENT HOUSE (5+ UNITS) • 76,499 SF
      300 Fly Crk Ave, Fairhope, AL 36532-3513
      View Details
    • Value Estimation
      $370,000
      2,166 SF

      601 Morphy Ave

      APARTMENT HOUSE (5+ UNITS) • 2,166 SF
      601 Morphy Ave, Fairhope, AL 36532-1809
      View Details
    • Value Estimation
      $705,000
      13,503 SF

      208 Fairhope Ave

      APARTMENT HOUSE (5+ UNITS) • 13,503 SF
      208 Fairhope Ave, Fairhope, AL 36532-2321
      View Details
    • Value Estimation
      $520,000
      4,239 SF

      612 Fairhope Ave

      APARTMENT HOUSE (5+ UNITS) • 4,239 SF
      612 Fairhope Ave, Fairhope, AL 36532-2017
      View Details
    • Value Estimation by Request
      2,144 SF

      257 Treadstone Way

      Multifamily properties • 2,144 SF
      257 Treadstone Way, Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      2,144 SF

      7647 Parker Rd

      Multifamily properties • 2,144 SF
      7647 Parker Rd, Fairhope, AL 36532
      View Details

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    Similar Nearby for Lease

    • $1,250 /Mo

      Furnished One-Bedroom Apartment For Rent

      Furnished one-bedroom apartment with included utilities and wireless internet.
      20971 Bishop Rd, Fairhope, AL 36532
      View Details
    • $5 SF/Yr
      17,500 SF

      Fairhope Industrial Space For Lease

      Modern Flex Space, 875 SF Available
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      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
    • $40 SF/Yr
      1,406 SF

      Fairhope Ave Retail Space Available

      1406 SF Retail, NNN Lease, Fairhope, AL
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $39 SF/Yr
      1,470 SF

      Fairhope Ave Retail Space Available

      Prime 1,470 SF retail space in Fairhope, AL.
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $350 /Mo
      150 SF

      Fairhope Office Space: 150 Sq Ft

      Prime Fairhope office, ideal for solopreneur.
      22765 US-98, Fairhope, AL 36532
      View Details
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    199 Spg Run Dr
    Fairhope, AL 36532-3880
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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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