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    Property profile & analytics

    8345 Morphy Ave, Unit 2 Fairhope, AL 36532-3653

    • Specialty properties
    • 2,595 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Feb 28, 2025
    $385,000
    Location Intelligence
    Property ID
    US03-2850232
    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

    • Specialty properties

    Property Details for 8345 Morphy Ave

    Year built
    1975
    Construction
    WOOD
    Lot size
    0.63 lot acres
    Property size
    2,595 SF
    Property type
    Specialty properties
    APN
    46-05-16-0-000-028.520
    APU
    4605160000028520

    Description

    This exceptional 2,554 square foot commercial property located at 8345 Morphy Avenue, Fairhope, Alabama 36532, is currently vacant and presents a compelling investment opportunity. Situated in Baldwin County, zip code 36532, this property offers a versatile space suitable for various uses, including creative office space, medical office, or even a mixed-use development. Its prime location in Fairhope provides convenient access to shopping, hospitals, and schools, enhancing its appeal and potential for strong rental income. The asking price is $475,000. The property is zoned B-4, allowing for a range of possibilities for prospective owners. Consider this property for its potential as a veterinarian office or pet grooming salon, among other suitable businesses. This is a rare chance to acquire a well-located commercial building in a thriving Alabama community. Don't miss this chance to own prime commercial real estate in Fairhope.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $305,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $280,000
      Mixed-Use
      $325,000
      Hospitality
      $325,000
      Educational
      $260,000
      Residential Income
      $265,000
      Energy
      $330,000
      Income-Based Land
      $305,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8804
    Latitude
    30.5204
    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
    $3,550
    $30,860
    $46,320
    $77,180
    -
    $154,300
    $231,600
    $385,900

    Comparable in this City

    • Value Estimation by Request
      7,243 SF

      950 Nichols Ave

      CHARITABLE ORGANIZATION • 7,243 SF
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      View Details
    • Value Estimation
      $505,000
      2,279 SF

      910 Plantation Blvd, Unit 2

      VETERINARY, ANIMAL HOSPITAL • 2,279 SF
      910 Plantation Blvd, Fairhope, AL 36532-2952
      View Details
    • Value Estimation
      $445,000
      3,352 SF

      8437 Us Hwy 98

      VETERINARY, ANIMAL HOSPITAL • 3,352 SF
      8437 Us Hwy 98, Fairhope, AL 36532-5817
      View Details
    • Value Estimation by Request
      19,180 SF

      6823 County Rd 32

      PROFESSIONAL CLUBS/ASSOCIATIONS • 19,180 SF
      6823 County Rd 32, Fairhope, AL 36532
      View Details
    • Value Estimation
      $415,000
      3,017 SF

      358 Greeno S Rd

      VETERINARY, ANIMAL HOSPITAL • 3,017 SF
      358 Greeno S Rd, Fairhope, AL 36532-1916
      View Details
    • Value Estimation by Request
      14.00 Acres

      Section St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 14.00 Acres
      Section St, Fairhope, AL 36532
      View Details

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    Similar Nearby for Lease

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    8345 Morphy Ave, Unit 2
    Fairhope, AL 36532-3653
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    Realmo Value Estimation

    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.

    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.

    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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