Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Mobile St Fairhope, AL 36532-1113

    • Amusement parks
    • 9,087 SF
    • 2.84 lot acres
    OFF-MARKET
    Value Estimations
    $1,435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1850874
    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

    • VFW Tiki Bar / Bar & Pub
    • American Legion Eastern Shore Post 199 / Advocacy Group / Social Service Agency

    Property Details for 700 Mobile St

    Year built
    1910
    Lot size
    2.84 lot acres
    Property size
    9,087 SF
    Property type
    Amusement parks
    APN
    46-03-37-0-012-002
    APU
    4603370012002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $1,275,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,380,000
      Change: +8% Conversion: Difficult
      RESTAURANT
      $1,315,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $1,180,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9189
    Latitude
    30.5135
    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
    $0.00
    $503,320
    $101,860
    $605,180
    -
    $2,516,600
    $509,300
    $3,025,900

    Comparable in this City

    • Value Estimation
      $3,200,000
      21,357 SF

      6525 Battles Rd

      AMUSEMENT PARK • 21,357 SF
      6525 Battles Rd, Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      4,032 SF

      17107 10th Clb Dr

      AMUSEMENT PARK • 4,032 SF
      17107 10th Clb Dr, Fairhope, AL 36532-5691
      View Details
    • Value Estimation
      $705,000
      5,060 SF

      561 Mobile St

      AMUSEMENT PARK • 5,060 SF
      561 Mobile St, Fairhope, AL 36532-1127
      View Details
    • Value Estimation
      $2,140,000
      13,400 SF

      101 Volanta Ave

      AMUSEMENT PARK • 13,400 SF
      101 Volanta Ave, Fairhope, AL 36532-3224
      View Details
    • Value Estimation by Request
      13.00 Acres

      Fairhope, AL 36532

      GOLF COURSE • 13.00 Acres
      Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      17.00 Acres

      151 Mulberry Ln

      GOLF COURSE • 17.00 Acres
      151 Mulberry Ln, Fairhope, AL 36532-7154
      View Details

    Similar Nearby for Sale

    • $365,000
      1.07 Acres

      Pristine Residential Lot in Fairhope

      1.07-acre corner lot ready for construction in Polo Ridge.
      Saddle Wood Ln, Fairhope, AL 36532
      View Details
    • $299,000
      1.50 Acres

      Fairhope Land on Gayfer Road

      1.5 acre parcel on high-traffic corridor near downtown Fairhope.
      8356 Gayfer Road Ext, Fairhope, AL 36532
      View Details
    • $1,375,000
      6.10 Acres

      Fairhope Ave Commercial Land

      Prime 6.1-acre parcel, ideal for development.
      9163 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $2,900,000
      20.42 Acres

      Prime Baldwin County Warehouse & Land

      20-acre industrial property with 34,250 SF warehouse space.
      7741 Wagoner Rd, Point Clear, AL 36532
      View Details
    • $1,108,166
      2.12 Acres

      Fairhope, AL Commercial Land Opportunity

      Four lots, flexible development potential, prime location.
      8124 US Highway 98, Fairhope, AL 36532
      View Details
    • $213,000

      Residential Lot in Van Antwerp Park

      Residential lot in Fairhope, AL, with arboretum and park access.
      Pensacola Ave, Fairhope, AL 36532
      View Details

    Similar Nearby for Lease

    • $39 SF/Yr
      1,238 SF

      Fairhope Retail Space - 1238 SF

      Prime Fairhope retail space, 1238 sq ft, NNN lease.
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $39 SF/Yr
      1,107 SF

      Fairhope Ave Retail Space Available

      1,107 SF Retail Space, Prime Location
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $39 SF/Yr

      Fairhope Ave Retail Space For Lease

      Prime Fairhope retail space, 1,693 sq ft.
      557 - 559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $29 SF/Yr
      1,665 SF

      Fairhope Retail Space: Prime Location

      High-traffic retail space, NNN lease. Excellent Fairhope visibility.
      19690 Greeno Rd, Bal, AL 36532
      View Details
    • $525 /Mo
      1,250 SF

      Fairhope Co-Working Space Available

      Renovated office suites, 90-1250 SF, Fairhope, AL.
      19605 Greeno Rd, Fairhope, AL 36532
      View Details
    • $36 SF/Yr
      6,000 SF

      Downtown Fairhope Retail Space

      Prime Fairhope location, flexible lease options.
      150 N Section St, Fairhope, AL 36532
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    700 Mobile St
    Fairhope, AL 36532-1113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!