361 Commercial Park DrFairhope, AL 36532
- Retail properties
- 5,375 SF
Property Details for 361 Commercial Park Dr
- Year built
- 1995
- Lot size
- 0.36 AC
- Property size (Sq ft)
- 5,375 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 46-04-20-1-000-002.005
- APU
- 4604201000002005
Description
This exceptional 5,200-square-foot industrial/flex space at 361 Commercial Park Drive in Fairhope, Alabama, presents a unique opportunity. The property, built in 1995 and extensively renovated in 2024, offers a single-tenant occupancy in a one-story building. Currently, 2,600 square feet are available for lease. The space features a combination of office and warehouse areas, including a 1,680-square-foot showroom and a 1,025-square-foot warehouse, both climate-controlled. The building boasts convenient front and rear entry points. The property sits on a sizable lot measuring approximately 110 feet by 171 feet, with the building itself estimated at 80 feet wide by 66 feet deep. Ample parking is provided with eight spaces. The property is zoned M-1 LIGHT INDUSTRIAL, making it ideal for a variety of uses. Annual property taxes are $1,515.24, and annual insurance premiums are $1,080.07. The monthly base rent is $2,762, with additional monthly charges of $225 for CAM, $156 for taxes, and $107 for insurance, totaling $3,250 per month. The property's PPIN number is 63673. This is a prime location in Fairhope, Alabama, with the zip code 36532.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,070,103
- 6.5%
- $987,787
- 7%
- $917,231
-
Comparable approach
- Method
- Valuation
- Relative Method
- $916,752
- Geo Method
- $962,914
-
Alternative Use
- Use
- Valuation
- Residential
- $833,236
- Hospitality
- $763,239
- Educational
- $635,006
- Medical
- $656,845
- Retail
- $987,787
Location Insight
- City
- Fairhope
- County
- Baldwin
- State
- Alabama
- Latitude
- 30.5152
- Longitude
- -87.8886
- CBSA code
- 19300
- CBSA name
- DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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