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    355 S Greeno Rd Fairhope, AL 36532
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    Property profile & analytics

    355 S Greeno Rd Fairhope, AL 36532

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    • Investment properties
    • 9,363 SF
    • 0.73 lot acres
    For Lease
    $3,500/Mo
    View Listing →
    High Traffic Area Ground Lease For Lease
    $3,500/Mo
    22,500 SF

    High Traffic Area Ground Lease

    Ground lease opportunity in high-traffic area suitable for various businesses.

    355 S Greeno Rd, Fairhope, AL
    View Listing
    Property ID
    US03-0423022
    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

    • Chevron / Gas Station
    • Cardtronics ATM / Atm
    • Soulful deli / Restaurant
    • Amazon Locker - Director / Postal Service / Courier Service
    • Deli-Depot Food Mart / Grocery & Convenience Store

    Property Details for 355 S Greeno Rd

    Year built
    1975
    Lot size
    0.73 lot acres
    Property size
    9,363 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    46-05-21-0-000-009
    APU
    4605210000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $944,000
      Market price range: $684k - $2.89M
      AI Estimate
      $624,000
      Market price range: $487k - $1.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8856
    Latitude
    30.516
    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
    $9,293
    $0.00
    $202,020
    $202,020
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      927 SF

      10 Church St

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      10 Church St, Fairhope, AL 36532-2335
      View Details
    • Value Estimation
      $1,400,000
      793 SF

      13477 State Hwy 181

      STORE/OFFICE (MIXED USE) • 793 SF
      13477 State Hwy 181, Fairhope, AL 36532-5733
      View Details
    • Value Estimation
      $830,000
      4,834 SF

      333 Greeno S Rd

      STORE/OFFICE (MIXED USE) • 4,834 SF
      333 Greeno S Rd, Fairhope, AL 36532-1930
      View Details
    • Value Estimation
      $795,000
      8,600 SF

      113 Greeno S Rd

      STORE/OFFICE (MIXED USE) • 8,600 SF
      113 Greeno S Rd, Fairhope, AL 36532-2071
      View Details
    • Value Estimation by Request
      7,000 SF

      18191 Greeno Rd

      STORE/OFFICE (MIXED USE) • 7,000 SF
      18191 Greeno Rd, Fairhope, AL 36532-7066
      View Details
    • Value Estimation
      $590,000
      6,948 SF

      21611 State Hwy 181

      STORE/OFFICE (MIXED USE) • 6,948 SF
      21611 State Hwy 181, Fairhope, AL 36532-4423
      View Details

    Similar Nearby for Sale

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      Fairhope Mixed-Use Development Opportunity

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      Fairhope Office Building Investment

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      1,188 SF

      Retail Store Along Mobile Bay

      Retail space with road frontage along Mobile Bay.
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    • $2,600,000
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      Fairhope Mixed-Use Development Opportunity

      5.27 acre mixed-use development site in Fairhope, Alabama.
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    Similar Nearby for Lease

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      2,705 SF

      Fairhope Retail Space Available

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      View Details
    • Contact for pricing

      Mixed-Use Buildings in Downtown Fairhope

      Mixed-use buildings for retail and office uses in Fairhope, AL.
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    • $32 SF/Yr
      2,886 SF

      Fairhope Office Space Available

      Downtown Fairhope office, 2886 sq ft, modified gross lease.
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      View Details
    • $39 SF/Yr
      1,418 SF

      Fairhope Ave Retail Space Available

      Prime 1,418 SF retail space in Fairhope, AL.
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      Fairhope Office Space: 120 Sq Ft

      Prime Fairhope office, Hwy 98 access.
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      View Details
    • $3,250 /Mo
      1,188 SF

      Fairhope Retail Space For Lease

      Prime Mobile Bay retail, 1,188 sq ft.
      369 S Mobile St, Fairhope, AL 36532
      View Details
    View Listing
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    Fairhope, AL 36532
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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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    355 S Greeno Rd, Fairhope, AL, 36532
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