Mitchell College of Business
Center for Real Estate Studies
“Data you can use.”
“Education you can use”
Mitchell College of Business
Center for Real Estate Studies
Fall, 2008
This report and others are found on the Center website: http://cres.southalabama.edu
USA takes reasonable measures to ensure the quality of the data and other information produced.
However, USA makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement recommendation or favoring by USA .
Commercial   Land   Report   I Page  ‐  1   of   9 Fall   2008

Introduction
This report includes 242 advertisements for Land in Baldwin and
Mobile Counties in the Fall 2008 .
Readers should remember that all types of uses are grouped together.
An advertised price-per-acre was calculated, and sorted by zipcode.
The results show trends and activity by location.
The report is in two separate parts and both are available on the Center for Real Estate Studies (CRES) website: http://cres.southalabama.edu
Special thanks to the Commercial Property Directory, Birmingham for their cooperation in providing the data in this report.
Land reports created by: Robert Heaton
USA - Mitchell College of Business
Center for Real Estate Studies
For additional information, please contact:
Don Epley, Director, Center for Real Estate Studies
Phone: 251.460.6735
Email: depley@usouthal.edu
Commercial   Land   Report   I Page  ‐  2   of   9 Fall   2008

Land Property Advertised For Sale
Asking Price Per Acre by Zipcode
Note: All potential uses are grouped together.
Zipcode
36505
36507
36507
36507
36521
36521
36521
36525
36526
36526
36526
36526
36526
36526
36526
36526
36526
Adv. Price
Dollars
469,000
699,000
4,477,175
250,000
3,900,000
6,660,000
495,000
653,000
2,500,000
228,690
850,000
600,000
1,650,000
495,000
Acres
2
50
164.3
7
156
333
260
250
48
8.85
8.65
Price/ acre*
Dollars*
234,500
13,980
27,250
35,714
25,000
20,000
96,045
190,751
36527
36528
36528
36530
36530
36530
36532
36532
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36527
36527
36527
36527
36527
36527
239,900
285,000
490,000
690,000
77,500
325,000
690,000
7,200,000
299,000
250,530
370,040
881,000
605,000
190,000
600,000
3,525,000
485,000
2,950,000
575,000
60,000
875,000
75,000
232,395
0.42
2.88
0.666
1.25
0.666
160
2
2.42
0.5
1.1
47
1.56
1.71
8.1
10
4.24
9
9.7
571,190
98,958
735,736
552,000
1,036,036
45,000
149,500
250,000
380,000
545,455
75,000
283,626
364,198
135,613
97,222
23,958
Commercial   Land   Report   I Page  ‐  3   of   9 Fall   2008

Land Property Advertised For Sale
Asking Price Per Acre by Zipcode
Zipcode
36535
36536
36536
36536
36541
36541
36541
36542
36542
36542
36542
36542
36532
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
Adv. Price
Dollars
126,000
1,300,000
2,200,000
328,000
749,500
1,750,000
174,900
869,500
114,500
1,244,000
964,000
1,652,000
7,995,000
359,000
289,000
199,000
989,500
2,250,000
2,155,000
1,800,000
449,000
989,500
16,500,000
495,000
281,350
588,200
3,780,000
695,000
2,800,000
1,400,000
169,500
459,000
540,000
899,000
1,895,000
525,000
Acres
2.7
2.09
22.22
33
113
1.11
4.86
4
3.31
6.92
55
19
30
2.75
19
4
108.5
1.12
3.57
8
4.3
123
1
0.75
1
300
17
15.32
0.05
2.1
1.56
1.4
1.11
30
Price/ acre*
Dollars*
481,481
1,052,632
78,758
348,459
120,500
384,186
65,000
359,000
385,333
199,000
75,000
783,636
94,737
112,250
29,984
146,018
445,946
85,000
85,000
34,839
91,384
3,390,000
218,571
346,154
472,973
Commercial   Land   Report   I Page  ‐  4   of   9 Fall   2008

Land Property Advertised For Sale
Asking Price Per Acre by Zipcode
Zipcode
36561
36567
36567
36567
36567
36567
36567
36567
36571
36571
36571
36571
36571
36571
36571
36571
36571
36571
36571
36571
36571
36571
36572
36575
36575
36575
36575
36575
36575
36575
36549
36551
36551
36551
36551
36551
36551
36551
36551
36551
36551
36551
36559
36561
36561
Adv. Price
Dollars
539,000
145,000
871,200
250,000
5,000,000
1,400,000
280,000
200,000
785,000
1,950,000
3,750,000
198,500
1,800,000
12,000,000
5,500,000
24,850,000
999,900
693,922
160,000
125,000
870,000
1,250,000
381,150
2,200,000
272,840
250,000
1,479,300
3,500,000
750,000
4,500,000
555,000
1,140,000
495,000
700,000
595,000
159,900
285,000
285,000
575,000
620,737
686,062
Acres
5
20
0.9
1.67
1.97
1.3
26
1.14
1.26
183
2.83
23.81
8.5
8.04
660
1.6
2.19
21.56
1.6
20
2
219.59
5.1
5
1
2.2
3900
78
29
3
22.5
18.6
9.4
48
0
0.39
15
7.71
38
346,875
520,548
99,000
35,000
661,111
957,489
144,670
219,231
22,115
544,506
544,494
Price/ acre*
Dollars*
25,000
90,625
43,560
125,000
22,770
274,510
56,000
200,000
356,818
25,000
129,310
600,000
533,333
295,699
2,643,617
14,457
320,513
58,000
162,127
57,895
522,721
146,997
88,235
559,701
Commercial   Land   Report   I Page  ‐  5   of   9 Fall   2008

Land Property Advertised For Sale
Asking Price Per Acre by Zipcode
Zipcode
36575
36575
36575
36577
36579
36580
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
Adv. Price
Dollars
490,050
399,000
750,000
299,000
1,298,375
300,000
845,000
189,000
557,000
115,000
115,000
110,000
110,000
164,900
200,000
708,000
225,000
Acres
0.9
3.78
38.5
1.73
325
0.91
0.7
0.95
1.1
23.6
3
2.12
65
62.94
2.5
3.17
0.84
0.84
Price/
Acre*
Dollars*
544,500
105,556
19,481
172,832
3,995
141,509
13,000
75,600
175,710
136,905
136,905
120,879
157,143
173,579
181,818
30,000
75,000
36604
36605
36605
36606
36606
36606
36606
36606
36607
36607
36608
36608
36608
36608
36608
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36609
36609
70,000
110,000
249,900
80,000
210,000
847,310
300,000
75,000
110,000
3,000,000
7,450,000
139,000
649,900
315,000
1,485,000
1,050,000
900,662
350,000
1,200,000
410,000
,
295,000
0.65
1.83
7
1
2.8
0.22
3.757
28
0.69
5.8
9
27
12
2.33
1.2
0.5
8
1.56
0.75
3.52
38,251
80,000
107,143
340,909
798,509
266,071
201,449
112,052
35,000
55,000
700,000
150,000
262,821
83,807
Commercial   Land   Report   I Page  ‐  6   of   9 Fall   2008

Land Property Advertised For Sale
Asking Price Per Acre by Zipcode
Zipcode
36610
36612
36612
36612
36613
36613
36613
36613
36613
36616
36617
36618
36618
36618
36618
36618
36618
Adv. Price
Dollars
299,000
225,000
750,000
212,500
1,575,000
40,000
948,000
1,575,000
225,000
95,000
2,100,000
219,000
395,000
550,000
175,000
Acres
5
8
43
17
7
85.5
105
12
35
3.5
6
Price/ acre*
Dollars*
59,800
17,442
12,500
5,717
11,088
15,000
60,000
157,143
29,167
36693
36693
36693
36693
36693
36693
36693
36693
36693
36619
36619
36619
36619
36619
36619
36619
36619
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
540,000
840,000
450,000
135,000
626,450
2,000,000
99,900
120,000
345,000
75,000
150,000
120,000
1,767,500
35,000
325,000
196,000
212,000
1,000,000
145,000
300,000
325,000
225,000
7
27
3.9
5
0.96
3.22
0.84
0.9
4.5
0.33
2.233
33
50.5
1.05
1
1.08
6
0.94
0.94
1.2
1.05
16,667
34,615
400,000
104,063
37,267
410,714
83,333
33,333
53,739
35,000
196,000
196,296
166,667
154,255
250,000
Commercial   Land   Report   I Page  ‐  7   of   9 Fall   2008

Land Property Advertised For Sale
Asking Price Per Acre by Zipcode
Zipcode
36695
36695
36695 median number
Adv. Price
Dollars
395,000
922,600
2,350,000
539,000
201
Acres
0.5
3.53
9.79
4.12
178
Price/ acre*
Dollars*
790,000
261,360
240,041
141,509
147
* Figures represent price-per-acre.
For example, $125,000 price divided by .39 acre is entered as $320,513.00
Properties Lacking Zipcodes Not Included Above
Zipcode
NO ZIP
NO ZIP
NO ZIP
NO ZIP
Adv. Price
Dollars
135000
Acreage
Number
8.5
1.69
214
100
Price/ acre*
Dollars*
79882
Commercial   Land   Report   I Page  ‐  8   of   9 Fall   2008

36612
36613
36615
36616
36617
36618
36619
36621
36622
36625
36628
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36630
36633
36640
36641
36644
36652
Zip Code, City and Area Code
Zip City Area Code
36505 Axis 251
36509 Bayou La Batre
36512
36521
Bucks
251
251
Chunchula 251
36522
36523
Citronelle 251
Coden 251
36525 Creola
36528 Dauphin Island
36541 Grand Bay
36544 Irvington
251
251
251
251
36560 Mount Vernon
36568
36571
Saint Elmo
Saraland
251
251
251
Zip
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Mobile County
City Area Code
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
36572 Satsuma
Semmes
Theodore
Wilmer
Theodore
Mobile
Mobile
Mobile
251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Eight Mile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
Mobile 251
251
251
251
251
251
251
251
Baldwin County
Zip City Area Code
36507
36511
36526
36527
36530
36532
36533
36535
36536
Bay Minette
Bon Secour
Daphne
Spanish Fort
Elberta
Fairhope
Fairhope
Foley
36542 Gulf
36547 Gulf
36549 Lillian 251
36550 Little 251
36551 Loxley
36555 Magnolia Spring
251
251
251
251
251
251
251
251
251
251
251
251
251
36559 Montrose
36561 Orange Beach
36562 Perdido
36564 Point
36567 Robertsdale
36574 Seminole
36576 Silverhill
36577 Spanish
36578 Stapleton
36579 Stockton
36580 Summerdale
251
251
251
251
251
251
251
251
251
251
251
26 Total Baldwin County
58 Total Mobile
36663 Mobile 251
Commercial   Land   Report   I Page  ‐  9   of   9 Fall   2008