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

    6593 Spanish Ft Blvd Spanish Fort, AL 36527-5015

    • Medical offices
    • 3,957 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0144324
    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

    • Azalea City Dental / Dentist
    • All Baldwin Cleaners / Dry Cleaner
    • James Lovell / Dentist

    Property Details for 6593 Spanish Ft Blvd

    Year built
    2001
    Lot size
    0.52 lot acres
    Property size
    3,957 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    32-09-30-1-002-002.002
    APU
    3209301002002002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $400,000
      Market price range: $216k - $517k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $775,000
      Current use
      OFFICE BUILDING
      $720,000
      Change: -7% Conversion: Easy
      RETAIL STORES
      $665,000
      Change: -14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $650,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9092
    Latitude
    30.6696
    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
    $5,161
    $48,700
    $94,660
    $143,360
    -
    $243,500
    $473,300
    $716,800

    Comparable in this City

    • Value Estimation
      $905,000
      3,060 SF

      9815 Millwood Cir

      MEDICAL BUILDING • 3,060 SF
      9815 Millwood Cir, Daphne, AL 36527-5450
      View Details
    • Value Estimation
      $1,145,000
      7,970 SF

      9808 Mcsara Ct, Unit 2

      MEDICAL BUILDING • 7,970 SF
      9808 Mcsara Ct, Spanish Fort, AL 36527-5461
      View Details
    • Value Estimation by Request
      1,098 SF

      6525 Spanish Ft Blvd

      MEDICAL BUILDING • 1,098 SF
      6525 Spanish Ft Blvd, Spanish Fort, AL 36527-5015
      View Details
    • Value Estimation by Request
      1,998 SF

      9806 Timber Cir

      MEDICAL BUILDING • 1,998 SF
      9806 Timber Cir, Spanish Fort, AL 36527-5458
      View Details
    • Value Estimation
      $885,000
      5,576 SF

      30843 Ml Ln

      MEDICAL BUILDING • 5,576 SF
      30843 Ml Ln, Spanish Fort, AL 36527-5464
      View Details
    • Value Estimation
      $1,040,000
      6,744 SF

      9603 Stagecoach Commercial Park Cir

      MEDICAL BUILDING • 6,744 SF
      9603 Stagecoach Commercial Park Cir, Spanish Fort, AL 36527-5525
      View Details

    Similar Nearby for Sale

    • $1,127,000
      4,768 SF

      Commercial Building in Spanish Fort

      4,768 SF commercial building with expansion potential in Spanish Fort.
      30752 Ember Ln, Spanish Fort, AL 36527
      View Details
    • $37,500
      0.38 Acres

      Residential Land in Baldwin County

      Residential land for building a home in Spanish Fort, Alabama.
      Raegan Ln, Daphne, AL 36527
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot in Spanish Fort

      Residential lot in Spanish Fort Estates, no HOA fees.
      Raphael Semmes Dr, Spanish Fort, AL 36527
      View Details
    • $35,000
      0.67 Acres

      Residential Lots in Spanish Fort

      Residential lots available in Stillwater community, Spanish Fort, Alabama.
      20 Farrington Ln, Spanish Fort, AL 36527
      View Details
    • $89,000
      0.61 Acres

      Residential Lot in Blakeley Forest

      Wooded homesite in Blakeley Forest Subdivision, Spanish Fort, AL.
      Atlanta Cir, Spanish Fort, AL 36527
      View Details
    • $299,000

      Commercial Land on Highway 31

      1.15 acre commercial property with high visibility frontage.
      Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      800 SF

      Spanish Fort Office/Retail Space

      800 sq ft, prime location, three suites available.
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • Contact for pricing
      63,825 SF

      Eastern Shore Centre Retail Space

      Prime Baldwin County retail/office space available.
      30500 Al-181, Spanish Fort, AL 36527
      View Details
    • $24 SF/Yr
      4,000 SF

      Spanish Fort Office Space Available

      High-visibility office space for lease in Spanish Fort, AL.
      30179 Eastern Shore Ct, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr
      2,989 SF

      Spanish Fort Office Suite - Available Now

      Prime Spanish Fort office space, 2,989 sq ft.
      7884 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr
      3,743 SF

      Spanish Fort Office Space Available

      Executive Suites, 2,989 SF Available
      7884 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $15 SF/Yr
      12,000 SF

      Spanish Fort Executive Office Space

      Prime Office Space, Spanish Fort, AL
      30466 Sgt. Ei Boots Rd, Spanish Fort, AL 36527
      View Details
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    6593 Spanish Ft Blvd
    Spanish Fort, AL 36527-5015
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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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