Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
311 Fairhope Ave Fairhope, AL 36532-2317
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US03-0406878
Property summary
AI-generated overview
This exceptional business opportunity presents a thriving restaurant and bar located at 311 Fairhope Ave, Fairhope, Alabama 36532, in Baldwin County. Situated in Fairhope's historic downtown business district, this Class A establishment boasts 3,416 square feet of net rentable space within a two-story building (1904 construction, renovated in 2004) on a 4,312 square foot lot. The property is zoned B2 and operates under a NNN lease with two years remaining. Currently enjoying 100% occupancy, this single-unit business offers a compelling investment opportunity with a sale price of $199,000 ($58.26 per square foot). The business is thriving and growing, making it an attractive prospect for an experienced restaurateur. Detailed financial information is available upon request and execution of a non-disclosure agreement. This sale is for the business only.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1904
Total area
3,811 SF
Lot
0.1 ac (4,356 SF)
APN
46-03-37-0-601-002.513
UPID
US03-0406878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Bone and Barrel Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John W Bethea · 8 yrs held
John W Bethea
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhope submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,509
Tax year 2023
Assessed value
$98,020
Assessed 2023
Previous assessed
$98,020
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$75,880
Assessed improvement
$22,140
Land market value
$758,723
Improvement market value
$221,377
Total market value
$980,100
Applied tax rate
63.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1904
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
6
Bathrooms
1
Total area
3,811 SF
Lot
0.1 ac (4,356 SF)
APN
46-03-37-0-601-002.513
UPID
US03-0406878
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1904
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
John W Bethea
Individual
Mailing address
PO BOX 205, FAIRHOPE, AL 36533-0205
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2017
—
John W Bethea
—
Deed
related
$378,000 · Servisfirst Bank
—
—
John W Bethea
—
Deed Of Trust
related
$480,000 · Compass Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 311 Fairhope Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
