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    Property profile & analytics

    85 Bancroft St Fairhope, AL 36532-2223

    • Turn key restaurants
    • 6,822 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $1,715,000
    Last Sale
    Jun 03, 2024
    $1,900,000
    Location Intelligence
    Property ID
    US03-1053006
    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

    • The Mill / Beer Hall / Event Venue
    • ellenJAY Bakery / Bakery
    • Mary Ann's Deli / Deli / Caterer
    • Fairhope Burger Company / Hamburger Restaurant
    • Sea Wolf / Restaurant

    Property Details for 85 Bancroft St

    Year built
    2009
    Lot size
    0.31 lot acres
    Property size
    6,822 SF
    Property type
    Turn key restaurants
    APN
    46-03-37-0-701-002.505
    APU
    4603370701002505

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,735,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,800,000
      6.5%
      $1,505,000
      7%
      $1,515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,835,000
      Geo Method
      $1,530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,410,000
      Retail
      $1,795,000
      Mixed-Use
      $1,860,000
      Hospitality
      $1,460,000
      Educational
      $1,620,000
      Residential Income
      $1,620,000
      Energy
      $1,610,000
      Income-Based Land
      $1,785,000
      Food Service
      $1,560,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9022
    Latitude
    30.5251
    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
    $11,855
    $118,120
    $139,600
    $257,720
    -
    $590,600
    $698,000
    $1,288,600

    Comparable in this City

    • Value Estimation
      $865,000
      3,345 SF

      411 Fairhope Ave

      RESTAURANT • 3,345 SF
      411 Fairhope Ave, Fairhope, AL 36532-2109
      View Details
    • Value Estimation
      $4,005,000
      2,922 SF

      108 Section St

      RESTAURANT • 2,922 SF
      108 Section St, Fairhope, AL 36532-2431
      View Details
    • Value Estimation
      $1,080,000
      2,376 SF

      365 Greeno S Rd

      RESTAURANT • 2,376 SF
      365 Greeno S Rd, Fairhope, AL 36532-1904
      View Details
    • Value Estimation
      $415,000
      4,996 SF

      759 Nichols Ave

      RESTAURANT • 4,996 SF
      759 Nichols Ave, Fairhope, AL 36532-1768
      View Details
    • Value Estimation
      $600,000
      5,832 SF

      915 Professional Park Dr

      RESTAURANT • 5,832 SF
      915 Professional Park Dr, Fairhope, AL 36532
      View Details
    • Value Estimation by Request
      913 SF

      17032 Greeno Rd

      RESTAURANT • 913 SF
      17032 Greeno Rd, Fairhope, AL 36532
      View Details

    Similar Nearby for Sale

    • $1,014,999
      6,720 SF

      Horse Shoe Saloon: Fairhope, AL

      Thriving Restaurant/Bar, Prime Location
      9115 Us-98, Fairhope, AL 36532
      View Details
    • $199,000
      4,916 SF

      Fairhope Restaurant & Bar For Sale

      Thriving restaurant, prime Fairhope location. High traffic, strong sales.
      311 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $1,900,000
      2,664 SF

      Downtown Fairhope Corner Lot

      Prime downtown location with restaurant and rental cottage.
      51 S Church St, Fairhope, AL 36532
      View Details
    • $1,500,000
      1,188 SF

      Bay Break: Fairhope Retail Gem

      Mixed-use property, high visibility, investment opportunity.
      369 Mobile St, Fairhope, AL 36532
      View Details
    • $1,200,000
      1,500 SF

      Established Laundromat Business Opportunity

      Turnkey laundromat business with property and recent upgrades for sale.
      9965 Twin Beech Rd, Fairhope, AL 36532
      View Details
    • $3,450,000

      Fairhope Retail Center For Sale

      Multi-tenant retail center in Fairhope, Alabama, fully occupied.
      19690 Greeno Rd, Fairhope, AL 36532
      View Details

    Similar Nearby for Lease

    • $8,900 /Mo
      3,080 SF

      Downtown Fairhope Restaurant Space

      Prime restaurant space in the heart of downtown Fairhope.
      61 N Section St, Fairhope, AL 36532
      View Details
    • $36 SF/Yr
      6,000 SF

      Downtown Fairhope Office Space

      Prime Fairhope location, flexible suites available
      150 Section St, Fairhope, AL 36532
      View Details
    • $39 SF/Yr
      24,759 SF

      Fairhope Retail Center: Prime Location

      New Mixed-Use Retail Space Available
      557-559 Fairhope Ave, Fairhope, AL 36532
      View Details
    • $28 SF/Yr
      85,529 SF

      Fairhope Retail Center Opportunity

      Prime Fairhope location, flexible space available
      320 Eastern Shore Shopping Ctr, Fairhope, AL 36532
      View Details
    • $1.60 SF/Yr
      22,500 SF

      US 98 Prime Retail Ground Lease

      High-traffic location, build-to-suit opportunity.
      0 Greeno Rd, Fairhope, AL 36532
      View Details
    • $3,500 /Mo
      22,500 SF

      High Traffic Area Ground Lease

      Ground lease opportunity in high-traffic area suitable for various businesses.
      355 S Greeno Rd, Fairhope, AL 36532
      View Details
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    85 Bancroft St
    Fairhope, AL 36532-2223
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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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