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

    6729 Spanish Ft Blvd Spanish Fort, AL 36527-5029

    • Strip malls
    • 71,611 SF
    • 11.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2021
    Value Estimations
    $1,495,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3145979
    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

    • Rouses Market / Deli / Produce Market
    • blakeley square / Shopping Mall
    • ABC SELECT SPIRITS / State Liquor Store
    • Honeybun donuts & kolaches in Spanish fort / Donut Shop
    • HRT Insurance Group, LLC / Insurance Agency / Home Insurance Agency

    Property Details for 6729 Spanish Ft Blvd

    Year built
    1994
    Lot size
    11.00 lot acres
    Property size
    71,611 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    32-09-38-0-001-022.002
    APU
    3209380001022002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,060,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,930,000
      Market price range: $1.23M - $3.14M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,255,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9057
    Latitude
    30.6716
    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
    $33,592
    $0.00
    $933,100
    $933,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $810,000
      30,937 SF

      6530 Spanish Ft Blvd

      SHOPPING CENTER, STRIP CENTER • 30,937 SF
      6530 Spanish Ft Blvd, Spanish Fort, AL 36527-5031
      View Details
    • Value Estimation
      $600,000
      20,696 SF

      31000 Bass Pro Dr

      SHOPPING CENTER, STRIP CENTER • 20,696 SF
      31000 Bass Pro Dr, Spanish Fort, AL 36527-9418
      View Details
    • Value Estimation
      $1,965,000
      63,182 SF

      10179 Eastern Shr Dr

      SHOPPING CENTER, STRIP CENTER • 63,182 SF
      10179 Eastern Shr Dr, Spanish Fort, AL 36527-3300
      View Details
    • Value Estimation by Request
      12,144 SF

      6530 Spanish Ft Blvd

      SHOPPING CENTER, STRIP CENTER • 12,144 SF
      6530 Spanish Ft Blvd, Spanish Fort, AL 36527-5031
      View Details
    • Value Estimation
      $2,490,000
      92,144 SF

      10200 Eastern Shr Blvd

      REGIONAL SHOPPING CENTER, MALL • 92,144 SF
      10200 Eastern Shr Blvd, Spanish Fort, AL 36527-5815
      View Details
    • Value Estimation
      $1,305,000
      86,717 SF

      21000 Town Ctr Ave

      MINI-MALL • 86,717 SF
      21000 Town Ctr Ave, Spanish Fort, AL 36527-9416
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Highway Frontage Metal Building

      3.04 acre property with highway frontage in Spanish Fort.
      9727 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $1,733,688
      3.98 Acres

      Hwy 31 Commercial Land - Alabama

      3.98 Acres, High-Growth Area, Investment Opportunity
      9731 Us Highway 31, Spanish Fort, AL 36527
      View Details
    • $795,000
      1.51 Acres

      Prime Eastern Shore Commercial Lot

      1.5-Acre Commercial Lot in Spanish Fort
      10527 eastern shore boulevard, Spanish Fort, AL 36527
      View Details
    • Contact for pricing

      187 Acres of Raw Land

      Raw land available in Spanish Fort, Alabama.
      10758 Old Highway 31, Spanish Fort, AL 36527
      View Details
    • $65,000
      0.35 Acres

      Waterfront Lot in Stillwater Subdivision

      Cleared lot with waterfront views in Spanish Fort community.
      Farrington Ln, Spanish Fort, AL 36527
      View Details
    • $85,000
      1.10 Acres

      Residential Lot in Blakeley Forest

      Wooded lot in established community, ideal for custom home.
      S Tara Blvd, Spanish Fort, AL 36527
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      15,350 SF

      Spanish Fort Town Center Retail

      Retail, restaurant, and office spaces for lease.
      23000 Town Center Ave, Spanish Fort, AL 36527
      View Details
    • $23 SF/Yr
      2,223 SF

      Eastern Shore Retail Space Available

      Prime 2,223 sq ft retail space in high-traffic shopping center.
      30500 AL-181, Spanish Fort, AL 36527
      View Details
    • $22 SF/Yr
      1,500 SF

      Eastern Shore Centre Retail Space

      Prime 1,500 sq ft retail space available. High-traffic location.
      30500 AL-181, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr
      2,154 SF

      Eastern Shore Centre Retail Space

      Prime 2,154 sq ft retail space available. High-traffic location.
      30500 AL-181, Spanish Fort, AL 36527
      View Details
    • Contact for pricing
      265,000 SF

      Eastern Shore Plaza Retail Center

      High-traffic Power Center, 5 spaces available
      10200 Eastern Shore Blvd, Spanish Fort, AL 36527
      View Details
    • Contact for pricing
      15,350 SF

      Retail Space Near Bass Pro

      Retail space available near high-traffic Bass Pro Shop.
      27000 Bass Pro Dr, Spanish Fort, AL 36527
      View Details
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    Spanish Fort, AL 36527-5029
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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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