Technical
Financial
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Property profile

7525 Assunta Ct 2 Fairhope, AL 36532

OFF-MARKET
Office buildings
Property ID
US03-3040728
3,002 SF 0.54 ac lot Built 1996
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Fairhope, Alabama office building, located at 7525 Assunta Ct, 36532, presents a unique owner-user or investment opportunity. The single-story, 2,800 square foot building sits on a spacious 18,900 square foot lot and boasts four individual units, each featuring a separate entrance, foyer, two offices, a bathroom, and both front and back doors. Abundant natural light fills each unit, enhancing the workspace. One unit includes a convenient kitchenette. The property benefits from ample parking with 13 newly surfaced spaces. Constructed in 1997 and extensively renovated in 2021, the building is in excellent condition, highlighted by a three-year-old roof and a brand-new septic system. Situated on a four-lane highway (Highway 98) just north of Flying Creek Nature Preserve, this property enjoys high visibility and easy access. The building has maintained 100% occupancy for the past four years, demonstrating strong rental potential. The property is zoned B1 and offers a one-year lease term. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable location. The asking price is $649,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Total area 3,002 SF
Lot 0.54 ac (23,522 SF)
APN 46-03-08-0-000-005.011
UPID US03-3040728

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Family Counselor
  • Family Counselor
  • Association / Organization
  • Accounting Firm Tax Preparation

Location

7525 Assunta Ct, Unit 2 Fairhope, AL 36532-3083
Fairhope metro Census 10800 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2008
5 recorded transactions
2020
Price N/A
2018
Price N/A
2008
$245,500
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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