Property profile

404 Forster Ave Fairhope, AL 36532

OFF-MARKET
Office buildings
Property ID
US03-0144875
8,327 SF 0.85 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 8,327 SF
Lot 0.85 ac (37,026 SF)
APN 46-03-37-0-001-012
UPID US03-0144875

Cap rate & NOI

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

Location

404 Forster Ave Fairhope, AL 36532
Fairhope metro Census 11201 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.60M
Comparable Approach Comparable
$1.94M
Blend (final) Blend
$455k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.5M +28.6%

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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