29891 Woodrow LnSpanish Fort, AL 36527

  • Office properties
  • 24,893 SF
For Lease
$24/SF/YR View listing

Property Details for 29891 Woodrow Ln

Year built
2005
Lot size
1.90 AC
Property size (Sq ft)
24,893 SF
Property type
Office properties
Property subtype
Office buildings
APN
32-08-27-0-000-012.067
APU
3208270000012067

Description

This exceptional 4,399 square foot office space is located at 29891 Woodrow Ln, Spanish Fort, AL 36527, near Highway 181. The property is part of a larger Class B building totaling 24,621 square feet, offering a single-tenant occupancy. The space is currently vacant and delivered in a "vanilla shell" condition, allowing for complete customization to suit your specific business needs. The landlord is offering tenant improvements (TI) contingent upon the lease term. The building features 76 total parking spaces for ample client and employee parking. While the building does not have elevators, the single-story layout ensures easy accessibility. The property is zoned B-2, making it ideal for a variety of office uses, including medical, traditional, and executive offices. This location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Spanish Fort. The property's address is conveniently situated near Highway 181, ensuring easy access for employees and clients. This is a rare opportunity to secure a well-located, adaptable office space in a thriving Alabama community. Don't miss this chance to establish your business in this prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,371,374
    6.5%
    $3,112,038
    7%
    $2,889,750
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,684,807
    Geo Method
    $1,769,643
  • Alternative Use

    Use
    Valuation
    Residential
    $3,858,927
    Hospitality
    $3,534,756
    Educational
    $2,940,876
    Medical
    $3,042,017
    Retail
    $4,574,696
29891 Woodrow Ln, Spanish Fort, Alabama

Location Insight

City
Spanish Fort
County
Baldwin
State
Alabama
Latitude
30.6656
Longitude
-87.8533
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
$33,897
$239,300
$497,600
$736,900
-
$1,196,500
$2,488,000
$3,684,500

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