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

    7891 Spanish Fort Blvd Spanish Fort, AL 36527

    • Commercial real estate
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0142604
    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

    • Commercial real estate

    Property Details for 7891 Spanish Fort Blvd

    Lot size
    1.15 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.15-acre commercial land parcel presents a prime investment opportunity in the thriving Spanish Fort, Alabama market. Located at 7891 Spanish Fort Blvd, this property boasts an impressive 238 feet of frontage along Highway 31 (Spanish Fort Blvd), ensuring maximum visibility and accessibility for any commercial venture. The B2 zoning allows for a wide range of development possibilities, catering to diverse business needs. Potential exists for convenient side access via Joseph Dr. Its strategic location offers unparalleled convenience, situated near the intersection of I-10, the Eastern Shore Centre, and a cluster of established local businesses and restaurants, guaranteeing high traffic flow and customer reach. The property's high visibility and prime location make it ideal for a variety of commercial uses. Note that an adjacent property is also available for purchase. This presents a unique chance to acquire a significant footprint in a rapidly growing area. The asking price for this exceptional commercial land is $299,000. Don't miss this opportunity to secure a prominent location in Spanish Fort, Alabama. The property is located in Baldwin County, Alabama, with a zip code of 36527. The coordinates are 30.6722421 latitude and -87.8870955 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8870955
    Latitude
    30.6722421

    Comparable in this City

    • $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
    • 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

    Similar Nearby for Sale

    • $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
    • 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

    Similar Nearby for Lease

    • $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
    • $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
    • Contact for pricing
      5,000 SF

      Spanish Fort Retail Build-to-Suit

      5,000 SF retail space, prime location.
      32000 Bass Pro Dr, Spanish Fort, AL 36527
      View Details
    • $2,800 /Mo
      1,600 SF

      Spanish Fort Office/Retail Space

      1600 SF, High-Visibility Location, Modified Gross Lease
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $24 SF/Yr
      4,399 SF

      Spanish Fort Office Space For Lease

      Prime Office, 4399 SF, Highway 181
      29891 Woodrow Ln, Daphne, 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
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    Spanish Fort, AL 36527
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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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