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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21500 Town Ctr Ave Spanish Fort, AL 36527-9454

    • Retail space
    • 5,125 SF
    • 15.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1014532
    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

    • Retail space

    Property Details for 21500 Town Ctr Ave

    Year built
    2009
    Lot size
    15.00 lot acres
    Property size
    5,125 SF
    Property type
    Retail space
    APN
    32-09-30-4-000-007
    APU
    3209304000007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9073
    Latitude
    30.6634
    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
    $1,110
    $18,700
    $12,120
    $30,820
    -
    $93,500
    $60,600
    $154,100

    Comparable in this City

    • Value Estimation by Request
      2,804 SF

      9447 Spanish Ft Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,804 SF
      9447 Spanish Ft Blvd, Spanish Fort, AL 36527-5698
      View Details
    • Value Estimation
      $1,520,000
      12,416 SF

      30585 State Hwy 225

      RETAIL STORES (PERSONAL SERVICES) • 12,416 SF
      30585 State Hwy 225, Spanish Fort, AL 36527-3119
      View Details
    • Value Estimation
      $655,000
      4,216 SF

      30161 Woodrow Ln

      RETAIL STORES (PERSONAL SERVICES) • 4,216 SF
      30161 Woodrow Ln, Daphne, AL 36527-7641
      View Details
    • Value Estimation
      $1,010,000
      7,756 SF

      30169 Woodrow Ln

      RETAIL STORES (PERSONAL SERVICES) • 7,756 SF
      30169 Woodrow Ln, Spanish Fort, AL 36527-7641
      View Details
    • Value Estimation by Request
      3,150 SF

      7790 Spanish Ft Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      7790 Spanish Ft Blvd, Spanish Fort, AL 36527-5322
      View Details
    • Value Estimation
      $785,000
      8,109 SF

      10085 Us Hwy 31

      RETAIL STORES (PERSONAL SERVICES) • 8,109 SF
      10085 Us Hwy 31, Spanish Fort, AL 36527-5695
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Highway Frontage Metal Building

      3.04 acre property with highway frontage in Spanish Fort.
      9727 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $37,500
      0.38 Acres

      Residential Land in Baldwin County

      Residential land for building a home in Spanish Fort, Alabama.
      Raegan Ln, Daphne, AL 36527
      View Details
    • $35,000
      0.72 Acres

      Residential Lot in Stillwater

      Residential lot for custom home in Spanish Fort, Alabama.
      15 Farrington Ln, Spanish Fort, AL 36527
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    • $37,500
      0.39 Acres

      Residential Land in Wilkins Creek

      Residential lot in Spanish Fort, Baldwin County, suitable for building.
      Raegan Ln, Daphne, AL 36527
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot in Spanish Fort

      Residential lot in Spanish Fort Estates, no HOA fees.
      Raphael Semmes Dr, Spanish Fort, AL 36527
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    • $35,000
      0.67 Acres

      Residential Lots in Spanish Fort

      Residential lots available in Stillwater community, Spanish Fort, Alabama.
      20 Farrington Ln, Spanish Fort, AL 36527
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      15,350 SF

      Spanish Fort Town Center Retail

      Retail, restaurant, and office spaces for lease.
      23000 Town Center Ave, Spanish Fort, AL 36527
      View Details
    • Contact for pricing
      265,000 SF

      Eastern Shore Plaza Retail Center

      High-traffic Power Center, 5 spaces available
      10200 Eastern Shore Blvd, Spanish Fort, AL 36527
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Bass Pro

      Retail space available near high-traffic Bass Pro Shop.
      21000 Town Center Ave, Spanish Fort, AL 36527
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space Near Bass Pro

      Retail space available near high-traffic Bass Pro Shop.
      25000 Bass Pro Dr, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space in Rouses Center

      End cap retail space with drive-thru in Spanish Fort.
      6729 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $1,375 /Mo
      800 SF

      Office and Retail Space Available

      Office and retail spaces for lease with high visibility.
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
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    21500 Town Ctr Ave
    Spanish Fort, AL 36527-9454
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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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