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Property profile & analytics
OFF-MARKET
Specialty properties
8345 Morphy Ave 2 Fairhope, AL 36532-3653
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-2850232
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1975
Construction
WOOD
Total area
2,595 SF
Lot
0.63 ac (27,443 SF)
APN
46-05-16-0-000-028.520
UPID
US03-2850232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
O S Of Fairhope LLC · 1 yrs held
O S Of Fairhope LLC
since 2025
Last sale
$385,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhope submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,550
Tax year 2023
Assessed value
$77,180
Assessed 2023
Previous assessed
$77,180
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$30,860
Assessed improvement
$46,320
Land market value
$154,300
Improvement market value
$231,600
Total market value
$385,900
Applied tax rate
63.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
2,595 SF
Lot
0.63 ac (27,443 SF)
APN
46-05-16-0-000-028.520
UPID
US03-2850232
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
O S Of Fairhope LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8345 MORPHY AVE, FAIRHOPE, AL 36532-3653
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$385,000
O S Of Fairhope LLC
Larry Wayne Wise JR
Warranty Deed
—
Feb 28, 2025
—
Five Os Fairhope LLC
Fairhope Single Tax Corporation
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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