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    7688 Spanish Ft Blvd Spanish Fort, AL 36527-5334
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    7688 Spanish Ft Blvd Spanish Fort, AL 36527-5334

    View on Map
    • Investment properties
    • 15,645 SF
    • 2.11 lot acres
    Off-Market
    Property ID
    US03-0392682
    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.
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shiver Shopping Center / Shopping Center & Mall
    • Health Markets Insurance - Jerry Island / Insurance Agency
    • HealthMarkets Insurance - Andrea Brennan / Insurance Agency
    • Etowah Chemical Sales & Services Co / Big Box & Wholesale Store
    • Alterations Unlimited / (Bike/Boat/Book/etc) Store

    Property Details for 7688 Spanish Ft Blvd

    Year built
    1970
    Lot size
    2.11 lot acres
    Property size
    15,645 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    32-09-29-1-003-008
    APU
    3209291003008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,143,000
      Market price range: $1.14M - $4.83M
      AI Estimate
      $767,000
      Market price range: $768k - $2.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8907
    Latitude
    30.6705
    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
    $2,977
    $0.00
    $82,700
    $82,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,430,000
      34,343 SF

      6450 Us Hwy 90

      STORE/OFFICE (MIXED USE) • 34,343 SF
      6450 Us Hwy 90, Spanish Fort, AL 36527-9405
      View Details
    • Value Estimation by Request
      1,210 SF

      10198 Us Hwy 31

      STORE/OFFICE (MIXED USE) • 1,210 SF
      10198 Us Hwy 31, Spanish Fort, AL 36527-5696
      View Details
    • Value Estimation
      $625,000
      4,078 SF

      10240 Eastern Shr Blvd

      STORE/OFFICE (MIXED USE) • 4,078 SF
      10240 Eastern Shr Blvd, Spanish Fort, AL 36527-5813
      View Details
    • Value Estimation
      $1,760,000
      11,480 SF

      30941 Ml Ln

      STORE/OFFICE (MIXED USE) • 11,480 SF
      30941 Ml Ln, Daphne, AL 36527-5456
      View Details
    • Value Estimation
      $620,000
      4,678 SF

      6580 Spanish Ft Blvd

      STORE/OFFICE (MIXED USE) • 4,678 SF
      6580 Spanish Ft Blvd, Spanish Fort, AL 36527-5042
      View Details
    • Value Estimation
      $830,000
      4,802 SF

      6475 Spanish Ft Blvd

      STORE/OFFICE (MIXED USE) • 4,802 SF
      6475 Spanish Ft Blvd, Spanish Fort, AL 36527-9406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.36 Acres

      Residential Lots in Spanish Fort

      Residential lots available for custom home construction in Spanish Fort, AL.
      23 Farrington Ln, 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
    • $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
    • $375,000
      7.90 Acres

      7.9 Acres in Spanish Fort

      Land with mature trees, driveway, and cleared homesite.
      33521 Jimmy Faulkner Dr, Spanish Fort, AL 36527
      View Details
    • Contact for pricing

      3.98 Acres in Spanish Fort

      Commercial land available in a rapidly growing area.
      9731 Us Highway 31, 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

    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
    • $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
    • Contact for pricing
      14,000 SF

      Industrial Building on Highway 31

      14,000 sqft industrial building with office and warehouse space.
      11118 Us Highway 31, Spanish Fort, AL 36527
      View Details
    • $16 SF/Yr
      4,800 SF

      Spanish Fort Town Center Retail

      Retail, restaurant, and office spaces for lease.
      23000 Town Center Ave, 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
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    Spanish Fort, AL 36527-5334
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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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