Technical
Financial
Distress signals
Property profile

355 Greeno S Rd Fairhope, AL 36532

OFF-MARKET
Other investment properties
Property ID
US03-0423022
9,363 SF 0.73 ac lot Built 1975
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This property is located on US 98 at the Greeno Road area, in a high-traffic corridor, and consists of approximately 19,630 square feet of land per tax records. The site includes an open parking lot and metal-frame buildings that were previously used as a coin car wash, with existing old car wash space on the property. The ground-level configuration includes the potential for redevelopment under ground-lease use, with suitability for retail food concepts such as a coffee shop or fast food/QSR, subject to applicable approvals. The property has the potential to be configured as approximately 75 feet wide by 225 feet deep, with any reduction related to easement constraints, and includes a requirement that the lessee pays a pro-rata share of taxes under the ground-lease structure.

Property profile

Verified
Property type Other investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1975
Total area 9,363 SF
Lot 0.73 ac (31,820 SF)
APN 46-05-21-0-000-009
UPID US03-0423022

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Atm
  • Restaurant
  • Postal Service Courier Service
  • Grocery & Convenience Store

Location

355 Greeno S Rd Fairhope, AL 36532-1904
Fairhope metro Census 11104 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$944k
Blend (final) Blend
$355k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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