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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    54533 Rabun Rd Bay Minette, AL 36507-6761

    • Grocery and convenience stores
    • 1,782 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    7.1%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US03-0390438
    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

    • Grocery and convenience stores

    Property Details for 54533 Rabun Rd

    Year built
    1976
    Lot size
    0.26 lot acres
    Property size
    1,782 SF
    Property type
    Grocery and convenience stores
    APN
    14-07-25-0-000-007.003
    APU
    1407250000007003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $360,000
      6.5%
      $330,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $361,000
      Market price range: $362k - $905k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $190,000
      AUTO REPAIR, GARAGE
      $185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7334
    Latitude
    31.0194
    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
    $688
    $460
    $22,480
    $22,940
    -
    $2,300
    $112,400
    $114,700

    Comparable in this City

    • Value Estimation
      $290,000
      1,456 SF

      607 Dolive St

      CONVENIENCE STORE • 1,456 SF
      607 Dolive St, Bay Minette, AL 36507-3123
      View Details
    • Value Estimation
      $1,590,000
      3,448 SF

      1605 Hand Ave

      CONVENIENCE STORE • 3,448 SF
      1605 Hand Ave, Bay Minette, AL 36507-4910
      View Details
    • Value Estimation
      $320,000
      3,755 SF

      50555 Rabun Rd

      CONVENIENCE STORE • 3,755 SF
      50555 Rabun Rd, Bay Minette, AL 36507-6425
      View Details
    • Value Estimation
      $305,000
      3,526 SF

      1130 Us Hwy 31

      CONVENIENCE STORE • 3,526 SF
      1130 Us Hwy 31, Bay Minette, AL 36507-7201
      View Details
    • Value Estimation
      $325,000
      1,530 SF

      415 Dolive St

      CONVENIENCE STORE • 1,530 SF
      415 Dolive St, Bay Minette, AL 36507-3230
      View Details
    • Value Estimation
      $305,000
      2,049 SF

      509 Mcmeans Ave

      CONVENIENCE STORE • 2,049 SF
      509 Mcmeans Ave, Bay Minette, AL 36507-3309
      View Details

    Similar Nearby for Sale

    • $774,821
      2,344 SF

      Bay Minette Shrimp Basket Net Lease

      Profitable Seafood Restaurant Investment Opportunity
      1113 S US Highway 31, Bay Minette, AL 36507
      View Details
    • $800,000
      0.74 Acres

      Bay Minette Commercial Land

      0.74-acre lot, prime location, high traffic
      48980 Rabun Rd, Bay Minette, AL 36507
      View Details
    • $1,250,000

      Prime Commercial Property on Highway

      High-visibility commercial property with highway frontage and multiple access points.
      251 Us Highway 31 S, Bay Minette, AL 36507
      View Details
    • Contact for pricing
      1,530 SF

      Prime Bay Minette Gas Station

      Newly Renovated Texaco, High Traffic Area
      415 D'olive St, Bay Minette, AL 36507
      View Details
    • $990,000
      1.00 Acre

      Prime Bay Minette Commercial Land

      1-Acre Opportunity Zone lot, I-65 proximity.
      50280 Rabun Rd, Bay Minette, AL 36507
      View Details
    • $4,200,000
      56.00 Acres

      I-65 Commercial Land Development

      56 acres, prime location, high traffic.
      50924 Rabun Rd, Bay Minette, AL 36507
      View Details

    Similar Nearby for Lease

    • $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
    • $2,500 /Mo
      1,773 SF

      Bay Minette Drive-Thru Retail Space

      High-traffic corner, 1773 SF, NNN Lease
      910 Bay Minette Bypass, Bay Minette, AL 36507
      View Details
    • $5 SF/Yr
      750,000 SF

      Highway 31 Industrial Campus

      750,000 SF Multi-Use Industrial Space
      801 Us Highway 31, 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
    • $15 SF/Yr
      2,500 SF

      Downtown Bay Minette Office Space

      Historic Building, Move-In Ready, 2500 SF
      230 Courthouse Square, Bay Minette, AL 36507
      View Details
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    54533 Rabun Rd
    Bay Minette, AL 36507-6761
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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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