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    Property profile & analytics

    49260 Rabun Rd Bay Minette, AL 36507

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 49260 Rabun Rd

    Property type
    Land
    Property subtype
    Commercial land

    Description

    This exceptional 2.75-acre commercial land opportunity in Bay Minette, Alabama, presents a compelling investment prospect. Located on a four-lane highway (Hwy 287/Rabun Road), this corner lot offers unparalleled visibility and accessibility, boasting 272 feet of frontage on Rabun Road and 472 feet on Louis Cooper Road. Currently zoned residential, it's being marketed for commercial development, subject to Baldwin County Commission approval. Its strategic location less than half a mile from the Novelis Recycling plant, anticipated to employ over 1,000 people by 2026, positions it perfectly to capitalize on the area's significant growth. The property benefits from proximity to I-65, experiencing over 20,000 vehicles daily, and is conveniently located near several airports, including Bay Minette Municipal Airport. Baldwin County's robust economic expansion, including four of Alabama's fastest-growing cities, further underscores the potential for a strong return on investment. The substantial paved road frontage ensures easy access and high visibility, making this a prime location for a variety of commercial ventures. This property offers a unique chance to invest in a rapidly developing area with exceptional potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    County
    State
    Alabama

    Comparable in this City

    • $800,000
      0.74 Acres

      Bay Minette Commercial Land

      High-traffic Hwy 287 corner lot, near Novelis.
      48980 Rabun Rd, Bay Minette, AL 36507
      View Details
    • Contact for pricing
      20,000.00 Acres

      Bay Minette Commercial Land Opportunity

      Prime Vacant Lot, City Utilities Available
      8 Hospital St, Bay Minette, AL 36507
      View Details
    • $830,000
      20.00 Acres

      Prime Bay Minette Commercial Land

      20 acres, Hwy 287 frontage, excellent development potential.
      14219 Paterson Ln, Bay Minette, AL 36507
      View Details
    • $1,200,000
      1.00 Acre

      Prime Bay Minette Commercial Land

      High-growth area, I-65 access, development potential.
      49640 Rabun Rd/Hwy 287, Bay Minette, AL 36507
      View Details
    • Contact for pricing

      Land Available in Bay Minette

      Land ready for building in Bay Minette, Alabama.
      Abernathy Ave, Bay Minette, AL 36507
      View Details
    • $55,000
      3.00 Acres

      Unrestricted Land in Baldwin County

      3 acres of unrestricted land near I-65 and Bay Minette.
      43807 State Hwy 225 Hwy, Bay Minette, AL 36507
      View Details

    Similar Nearby for Sale

    • $800,000
      0.74 Acres

      Bay Minette Commercial Land

      High-traffic Hwy 287 corner lot, near Novelis.
      48980 Rabun Rd, Bay Minette, AL 36507
      View Details
    • Contact for pricing
      20,000.00 Acres

      Bay Minette Commercial Land Opportunity

      Prime Vacant Lot, City Utilities Available
      8 Hospital St, Bay Minette, AL 36507
      View Details
    • $830,000
      20.00 Acres

      Prime Bay Minette Commercial Land

      20 acres, Hwy 287 frontage, excellent development potential.
      14219 Paterson Ln, Bay Minette, AL 36507
      View Details
    • $1,200,000
      1.00 Acre

      Prime Bay Minette Commercial Land

      High-growth area, I-65 access, development potential.
      49640 Rabun Rd/Hwy 287, Bay Minette, AL 36507
      View Details
    • Contact for pricing

      Land Available in Bay Minette

      Land ready for building in Bay Minette, Alabama.
      Abernathy Ave, Bay Minette, AL 36507
      View Details
    • $55,000
      3.00 Acres

      Unrestricted Land in Baldwin County

      3 acres of unrestricted land near I-65 and Bay Minette.
      43807 State Hwy 225 Hwy, Bay Minette, AL 36507
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      1,153,469 SF

      Bay Minette Industrial Land

      Prime Baldwin County lots, build-to-suit options.
      St 287 highway, Bay Minette, AL 36507
      View Details
    • $3,000 /Mo
      130,680 SF

      Prime Bay Minette Industrial Land

      Three-acre paved yard, ideal for industrial use.
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • $0.42 SF/Yr

      Industrial Land with Rail Access

      8.1 acres of industrial land for lease with rail access.
      807 Moran St, Bay Minette, AL 36507
      View Details
    • $5 SF/Yr
      90,000 SF

      Bay Minette Industrial Warehouse Lease

      90,000 SF warehouse; ideal industrial space.
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • $5 SF/Yr
      115,424 SF

      Bay Minette Industrial Warehouse

      115,000 SF Warehouse - Immediate Lease
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • $6,500 /Mo
      1,530 SF

      Bay Minette Texaco: Prime Retail Space

      Newly renovated Texaco station; 1,530 sq ft.
      415 D'Olive Street, Bay Minette, AL 36507
      View Details
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    49260 Rabun Rd
    Bay Minette, AL 36507
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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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