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    Property profile & analytics

    508 Fairhope Ave Fairhope, AL 36532-2112

    • Office buildings
    • 1,265 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Location Intelligence
    Property ID
    US03-0742301
    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.

    Current Use by Public Records

    • David Johnson / Mortgage Lender
    • Renasant Bank / Bank / Financial Institution

    Property Details for 508 Fairhope Ave

    Year built
    1979
    Lot size
    0.25 lot acres
    Property size
    1,265 SF
    Property type
    Office buildings
    APN
    46-03-37-0-008-007.528
    APU
    4603370008007528

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8994
    Latitude
    30.5227
    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
    $4,403
    $69,940
    $25,780
    $95,720
    -
    $349,700
    $128,900
    $478,600

    Comparable in this City

    • Value Estimation
      $725,000
      1,583 SF

      140 Section St

      OFFICE BUILDING • 1,583 SF
      140 Section St, Fairhope, AL 36532-2210
      View Details
    • Value Estimation
      $500,000
      4,690 SF

      24312 Us Hwy 98

      OFFICE BUILDING • 4,690 SF
      24312 Us Hwy 98, Fairhope, AL 36532-3332
      View Details
    • Value Estimation
      $605,000
      3,111 SF

      22811 Us Hwy 98

      OFFICE BUILDING • 3,111 SF
      22811 Us Hwy 98, Fairhope, AL 36532-3486
      View Details
    • Value Estimation
      $170,000
      1,538 SF

      7950 Monk Rd

      OFFICE BUILDING • 1,538 SF
      7950 Monk Rd, Fairhope, AL 36532-5588
      View Details
    • Value Estimation
      $475,000
      2,232 SF

      600 Morphy Ave

      OFFICE BUILDING • 2,232 SF
      600 Morphy Ave, Fairhope, AL 36532
      View Details
    • Value Estimation
      $385,000
      2,693 SF

      104 Professional Park Dr

      OFFICE BUILDING • 2,693 SF
      104 Professional Park Dr, Fairhope, AL 36532-1906
      View Details

    Similar Nearby for Sale

    • $695,000
      4,159 SF

      Fairhope Office Building Investment

      Prime Fairhope location, 4,159 SF office building.
      368 Commercial Park Dr, Fairhope, AL 36532
      View Details
    • $599,900
      1,762 SF

      Remodeled Office in Fairhope, AL

      Remodeled office space suitable for professional or medical use.
      720 Middle St, Fairhope, AL 36532
      View Details
    • $950,000
      1.30 Acres

      Fairhope Commercial Property

      Multifamily, Office, Land Opportunity
      0 Maple St, Fairhope, AL 36532
      View Details
    • $995,000

      Medical Office Building For Sale

      Medical practice office building with multiple rooms and parking.
      908 Plantation Blvd, Fairhope, AL 36532
      View Details
    • $729,000
      1.00 Acre

      Fairhope Commercial Property

      Multifamily, Office, Land Investment
      0 Greeno Rd, Fairhope, AL 36532
      View Details
    • $1,014,999
      6,720 SF

      Horse Shoe Saloon: Fairhope, AL

      Thriving Restaurant/Bar, Prime Location
      9115 Us-98, Fairhope, AL 36532
      View Details

    Similar Nearby for Lease

    • $350 /Mo
      150 SF

      Fairhope Office Space: 150 Sq Ft

      Prime Fairhope office, ideal for solopreneur.
      22765 US-98, Fairhope, AL 36532
      View Details
    • $32 SF/Yr
      2,886 SF

      Fairhope Office Space Available

      Downtown Fairhope office, 2886 sq ft, modified gross lease.
      300 Magnolia Ave, Fairhope, AL 36532
      View Details
    • $350 /Mo
      120 SF

      Fairhope Office Space: 120 Sq Ft

      Prime Fairhope office, Hwy 98 access.
      22765 US-98, Fairhope, AL 36532
      View Details
    • $40 SF/Yr
      3,900 SF

      Fairhope Office Space For Lease

      Prime Fairhope location, 1,753-3,900 SF office suite.
      55 N Section St, Fairhope, AL 36532
      View Details
    • $45 SF/Yr
      790 SF

      Fairhope Office Space For Lease

      790 sq ft professional office suite. Prime location.
      18300 Scenic Hwy 98, Fairhope, AL 36532
      View Details
    • $36 SF/Yr
      6,000 SF

      Downtown Fairhope Office Space

      Prime Fairhope location, flexible suites available
      150 Section St, Fairhope, AL 36532
      View Details
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    508 Fairhope Ave
    Fairhope, AL 36532-2112
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    Realmo Value Estimation

    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.

    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.

    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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