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    Property profile & analytics

    601 Section St Fairhope, AL 36532-2644

    • Office buildings
    • 6,746 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Location Intelligence
    Property ID
    US03-3104157
    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

    • Merrill Lynch Financial Advisor S Wesley Carpenter / Financial Consultant / Financial Planner
    • Merrill Lynch Wealth Management / Financial Planner / Investment Service
    • Merrill Lynch Financial Advisor W. Scott Thompson / Financial Planner / Financial Consultant
    • Merrill Lynch Wealth Management Advisor Stephen P Baker / Financial Planner / Financial Consultant
    • Merrill Lynch Financial Advisor Thomas E Smith / Financial Planner / Financial Consultant

    Property Details for 601 Section St

    Year built
    1997
    Lot size
    0.57 lot acres
    Property size
    6,746 SF
    Property type
    Office buildings
    APN
    46-03-37-0-002-002
    APU
    4603370002002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $660,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $595,000
      Geo Method
      $550,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $620,000
      Mixed-Use
      $660,000
      Hospitality
      $580,000
      Educational
      $625,000
      Residential Income
      $660,000
      Energy
      $510,000
      Income-Based Land
      $615,000
      Food Service
      $630,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9008
    Latitude
    30.5367
    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
    $12,334
    $79,780
    $188,360
    $268,140
    -
    $398,900
    $941,800
    $1,340,700

    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

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      Fairhope Office Building Investment

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      Medical Office Building For Sale

      Medical practice office building with multiple rooms and parking.
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      Fairhope Commercial Property

      Multifamily, Office, Land Investment
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    • $1,014,999
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      Horse Shoe Saloon: Fairhope, AL

      Thriving Restaurant/Bar, Prime Location
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    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
    • $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
    • $350 /Mo
      120 SF

      Fairhope Office Space: 120 Sq Ft

      Prime Fairhope office, Hwy 98 access.
      22765 US-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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    601 Section St
    Fairhope, AL 36532-2644
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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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