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    29891 Woodrow Ln Daphne, AL 36527
    Property profile & analytics

    29891 Woodrow Ln Daphne, AL 36527

    View on Map
    • Office buildings
    • 24,893 SF
    • 1.90 lot acres
    For Lease
    $24 SF/Yr
    View Listing →
    4,399 SF Great Office Space For Lease in Spanish Fort! (Suite 3) For Lease
    $24 SF/Yr

    4,399 SF Great Office Space For Lease in Spanish Fort! (Suite 3)

    4,399 SF Great Office Space For Lease in Spanish Fort! (Suite 3)

    29891 Woodrow Ln, Daphne, AL 36527
    View Listing
    Property ID
    US03-0801844
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Melisa Dotson, Bellator Real Estate & Development - Eastern Shore / Real Estate Agency
    • The Dodson Team | Bellator Real Estate / Real Estate Agency
    • Bellator Relocation Services / Real Estate Agency
    • Kristen Meador, REALTOR - Bellator Real Estate, Eastern Shore / Real Estate Agency
    • Bellator Real Estate / Real Estate Agency

    Property Details for 29891 Woodrow Ln

    Year built
    2005
    Lot size
    1.90 lot acres
    Property size
    24,893 SF
    Property type
    Office buildings
    APN
    32-08-27-0-000-012.067
    APU
    3208270000012067

    Description

    This exceptional 4,399 square foot office space is located at 29891 Woodrow Ln, Spanish Fort, AL 36527, near Highway 181. The property is part of a larger Class B building totaling 24,621 square feet, offering a single-tenant occupancy. The space is currently vacant and delivered in a "vanilla shell" condition, allowing for complete customization to suit your specific business needs. The landlord is offering tenant improvements (TI) contingent upon the lease term. The building features 76 total parking spaces for ample client and employee parking. While the building does not have elevators, the single-story layout ensures easy accessibility. The property is zoned B-2, making it ideal for a variety of office uses, including medical, traditional, and executive offices. This location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Spanish Fort. The property's address is conveniently situated near Highway 181, ensuring easy access for employees and clients. This is a rare opportunity to secure a well-located, adaptable office space in a thriving Alabama community. Don't miss this chance to establish your business in this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,160,000
      6.5%
      $4,765,000
      7%
      $4,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,407,000
      Market price range: $2.37M - $6.67M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,520,000
      Current use
      MEDICAL BUILDING
      $4,865,000
      Change: +8% Conversion: Easy
      RETAIL STORES
      $4,175,000
      Change: -8% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,095,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8533
    Latitude
    30.6656
    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
    $33,897
    $239,300
    $497,600
    $736,900
    -
    $1,196,500
    $2,488,000
    $3,684,500

    Comparable in this City

    • Value Estimation
      $585,000
      3,407 SF

      7581 Spanish Ft Blvd

      OFFICE BUILDING • 3,407 SF
      7581 Spanish Ft Blvd, Spanish Fort, AL 36527-5317
      View Details
    • Value Estimation
      $620,000
      4,401 SF

      9789 Timber Cir

      OFFICE BUILDING • 4,401 SF
      9789 Timber Cir, Spanish Fort, AL 36527-5459
      View Details
    • Value Estimation by Request
      1,168 SF

      7870 Spanish Ft Blvd

      OFFICE BUILDING • 1,168 SF
      7870 Spanish Ft Blvd, Spanish Fort, AL 36527-5342
      View Details
    • Value Estimation
      $1,500,000
      8,205 SF

      30421 State Hwy 181

      OFFICE BUILDING • 8,205 SF
      30421 State Hwy 181, Daphne, AL 36527-5669
      View Details
    • Value Estimation by Request
      1,664 SF

      8531 Spanish Ft Blvd

      OFFICE BUILDING • 1,664 SF
      8531 Spanish Ft Blvd, Spanish Fort, AL 36527-6200
      View Details
    • Value Estimation by Request
      1,573 SF

      7626 Spanish Ft Blvd

      OFFICE BUILDING • 1,573 SF
      7626 Spanish Ft Blvd, Spanish Fort, AL 36527-5376
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.36 Acres

      Residential Lots in Spanish Fort

      Residential lots available for custom home construction in Spanish Fort, AL.
      23 Farrington Ln, Spanish Fort, AL 36527
      View Details
    • $795,000
      1.51 Acres

      Prime Eastern Shore Commercial Lot

      1.5-Acre Commercial Lot in Spanish Fort
      10527 eastern shore boulevard, Spanish Fort, AL 36527
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    • $85,000
      1.10 Acres

      Residential Lot in Blakeley Forest

      Wooded lot in established community, ideal for custom home.
      S Tara Blvd, Spanish Fort, AL 36527
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    • $375,000
      7.90 Acres

      7.9 Acres in Spanish Fort

      Land with mature trees, driveway, and cleared homesite.
      33521 Jimmy Faulkner Dr, Spanish Fort, AL 36527
      View Details
    • Contact for pricing

      3.98 Acres in Spanish Fort

      Commercial land available in a rapidly growing area.
      9731 Us Highway 31, Spanish Fort, AL 36527
      View Details
    • Contact for pricing

      187 Acres of Raw Land

      Raw land available in Spanish Fort, Alabama.
      10758 Old Highway 31, Spanish Fort, AL 36527
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      4,000 SF

      Spanish Fort Office Space Available

      High-visibility office space for lease in Spanish Fort, AL.
      30179 Eastern Shore Ct, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr
      2,989 SF

      Spanish Fort Office Suite - Available Now

      Prime Spanish Fort office space, 2,989 sq ft.
      7884 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $2,800 /Mo
      1,600 SF

      Spanish Fort Office/Retail Space

      1600 SF, High-Visibility Location, Modified Gross Lease
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $1,500 /Mo
      800 SF

      Spanish Fort Office/Retail Space

      800 sq ft, prime location, three suites available.
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $1,100 /Mo
      104 SF

      Spanish Fort Office Space For Lease

      104 sq ft furnished/unfurnished office; all utilities included.
      7817 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • Contact for pricing

      Commercial Building in Spanish Fort

      4,768 SF commercial building with expansion potential in Spanish Fort.
      30752 Ember Ln, Spanish Fort, AL 36527
      View Details
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    Daphne, AL 36527
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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.

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