Commercial Report
Mitchell College of Business
Center for Real Estate Studies
Mobile and Baldwin Counties
Land Report
Part I
Summer 2009
“Data you can use.”
“Education you can use”
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
Land Report
Page 1 of 9
Mobile and Baldwin County
Land Report
Part I
Summer 2009
Mobile and Baldwin Counties
Advertised For Sale
Introduction
This report includes advertisements for Land in Baldwin and Mobile County
for Summer, 2009.
An advertised price-per-acre was calculated, and sorted by zipcode.
The results show trends and activity by location.
Special thanks goes to the Commercial Property Directory, Birmingham,
for their cooperation in providing data.
The report is in two separate parts and both are available electronically
on the Center website: http://cres.southalabama.edu.
www.commercialpropertydirectory.com
For additional information, please contact:
Don Epley, Director, Center for Real Estate Studies
Phone: 251.460.6735
Email: depley@usouthal.edu
Report analysis completed by:
Land Report
Alex Ryder, MBA Student
Mitchell College of Business, USA
Page 2 of 9
Mobile and Baldwin County
Land Property Advertised For Sale
Asking Price Per Acre by Zipcode
Zipcode
36507
36567
36567
36507
36507
36507
36507
36507
36507
36507
36507
36507
36507
36507
36578
35626
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36532
36530
36530
36528
36532
Land Report
Adv. Price
Dollars
Acreage
Number
$527,250
$315,000
$770,000
285.0
41.0
154.0
1,282.0
10.0
274.0
$399,000
$999,499
$224,100
$199,000
$450,000
$495,000
$149,900
$699,000
$4,477,175
$8,500,000
$235,000
$653,000
$228,690
Price/
acre*
Dollars*
$1,850
$7,683
$5,000
$39,900
$3,648
1.2
4.1
1.3
$161,789
$109,756
$372,181
50.0
164.3
214.0
651.8
$13,980
$27,250
$13,041
36.0
$499,000
$600,000
$850,000
$395,000
$349,500
$326,800
$199,000
$2,160,000
$235,000
$210,000
$639,900
$1,200,000
$495,000
$225,000
$2,500,000
$2,052,000
$675,000
$2,950,000
$232,395
Page 3 of 9
8.9
$96,045
3.0
1.5
$217,867
1.7
$385,482
5.4
$41,360
1.1
80.0
20.0
8.1
9.7
$25,650
$33,750
$364,198
$23,958
Mobile and Baldwin County
Zipcode
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36532
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36535
36536
36536
36536
36536
36542
36542
36542
36542
36542
36542
36542
36528
36551
36551
36551
Land Report
Adv. Price
Dollars
Acreage
Number
Price/
acre*
Dollars*
1.7
8.9
$340,588
$123,457
48.3
$35,093
3.6
$348,459
2.7
300.0
17.0
$481,482
$133,500
$579,000
$1,100,000
$749,500
$1,695,000
$869,500
$98,500
$1,244,000
$1,150,000
$1,750,000
$79,900
$730,000
$1,300,000
$2,500,000
$989,500
$585,000
$699,000
$594,000
$990,000
$1,710,000
$2,155,000
$599,000
$8
$2,079,000
$1,325,115
$2,400,000
$3,490,000
$549,000
$1,400,000
$1,950,000
$1,633,500
$790,000
$650,000
$6,500,000
$395,000
$8,320,000
$749,000
$250,000
$1,400,000
Page 4 of 9
224.0
120.0
1.7
1.7
3.9
7.2
19.0
55.0
30.0
2.8
$147,059
$338,150
$418,563
$151,145
$137,500
$57,000
$783,636
3.0
27.7
26.8
$3
$75,000
$49,500
15.3
10.0
2.5
1.5
0.1
46.0
0.7
93.7
10.0
20.0
2.0
5.1
$91,384
$195,000
$653,400
$526,667
$4,642,857
$141,304
$572,464
$88,841
$37,450
$125,000
$274,510
Mobile and Baldwin County
Zipcode
36551
36551
36551
36551
36555
36561
36561
36562
36562
36867
36551
36567
36567
36567
36567
36526
36526
36527
36527
36527
36527
36527
36577
36580
36580
36580
36580
36526
36521
36521
36525
36525
36525
36525
36528
36541
36541
36541
36541
36527
36582
36602
36604
36605
36605
36605
Land Report
Adv. Price
Dollars
Acreage
Number
$5,000,000
$280,000
$419,250
$250,000
$265,000
$1,800,000
$2,850,000
$455,000
$650,000
219.6
5.0
Price/
acre*
Dollars*
$22,770
$56,000
1.5
2.0
10.0
$166,667
$132,500
$180,000
65.0
$7,000
1.0
$99,500
$670,000
$693,922
$190,000
$24,550,000
$566,280
$325,000
$389,000
$595,000
$600,000
$199,000
$3,450,000
$130,000
$395,000
$790,000
$489,300
$32,250
$799,000
$300,000
$515,000
$295,000
$459,000
$20,000
$2,200,000
$605,000
$110,000
48.0
$14,457
9.4
2.6
$2,611,702
$217,800
1.1
7.4
$353,636
$80,405
1.1
0.4
1.7
51.0
0.6
3.2
$545,455
$0
$115,029
$67,647
$224,138
$124,214
1.0
140.0
12.9
$782,178
$3,495
$2,500
227.0
$0
22.0
$23,409
10.5
2.1
1.0
230.0
2.4
0.8
$218,571
$19,802
$9,565
$250,000
$132,530
120.0
$110,000
$304,290
$80,000
Page 5 of 9
Mobile and Baldwin County
Zipcode
36605
36605
36605
36605
36605
36605
36605
36606
36606
36606
36606
36606
36606
36607
36607
36607
36607
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36616
36617
36617
36618
36618
36618
36618
36618
36618
Land Report
Adv. Price
Dollars
Acreage
Number
Price/
acre*
Dollars*
$82,000
$67,500
$60,000
$52,500
$70,000
$65,000
$195,000
0.7
$274,648
$80,000
$210,000
$455,568
$847,310
1.0
$80,000
5.8
$146,593
$300,000
$55,000
$75,000
$50,000
2.8
$107,143
0.2
$340,909
$2,250,000
$887,600
$55,000
$7,450,000
$110,000
$100,000
$175,000
$185,000
$500,000
$225,000
$3,000,000
$2,563,941
32.7
$68,807
28.0
$266,071
1.9
4.2
0.9
40.0
1.1
3.8
4.4
$53,192
$41,469
$205,556
$12,500
$204,546
$798,509
$588,060
$410,000
$227,500
$965,000
$1,200,000
$295,000
1.6
1.0
8.0
8.0
3.5
$262,821
$239,474
$120,625
$150,000
$83,807
12.0
2.5
$90,000
35.0
1.5
2.2
$60,000
$93,000
$58,140
$225,000
$99,000
$95,000
$2,868,000
$219,000
$2,100,000
$139,500
$125,000
Page 6 of 9
Mobile and Baldwin County
Zipcode
36618
36618
36618
36619
36619
36619
36619
36619
36619
36619
36619
36619
36619
36619
36619
36619
36619
36693
36693
36693
36693
36693
36693
36693
36693
36693
36693
36695
36695
36695
36695
36695
36695
36695
36695
36612
36571
36571
36571
36571
36571
36571
36572
36572
36575
36575
36575
Land Report
Adv. Price
Dollars
Acreage
Number
Price/ acre*
Dollars*
$289,500
$189,900
$2,500,000
$797,000
$895,000
$99,900
3.2
1.3
16.7
1.2
1.4
1.0
20.0
1.2
1.2
1.2
1.2
1.1
1.9
1.8
1.9
29.3
1.4
0.8
3.2
0.9
4.5
2.2
50.5
1.1
1.6
1.2
$91,325
$149,528
$149,701
$653,279
$658,088
$104,063
1.4
$428,571
6.0
1.1
9.8
1.1
1.1
8.0
$166,667
$196,296
$240,041
38.0
$57,895
3.0
20.0
1.7
26.0
13.6
$330,033
$35,000
$95,749
$22,115
$27,399
$797,000
$751,000
$751,000
$745,000
$420,000
$401,000
$2,553,000
$882,000
$345,000
$120,000
$75,000
$150,000
$120,000
$1,767,500
$1,090,000
$600,000
$325,000
$2,201,196
$1,000,000
$212,000
$2,350,000
$381,150
$2,200,000
$274,200
$287,330
$250,000
$272,840
$1,000,000
$700,000
$159,900
$575,000
$371,250
Page 7 of 9
$653,279
$653,044
$653,044
$653,509
$217,617
$217,935
$87,133
$653,333
$410,714
$37,267
$83,333
$33,333
$53,739
$35,000
Mobile and Baldwin County
Zipcode
36575
36575
36575
36675
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36619
36619
Median
Frequency
Adv. Price
Dollars
Acreage
Number
$1,637,000
$1,100,000
$174,500
$1,048,000
$110,000
$549,000
$5,563,915
$750,000
$200,000
$105,000
$115,000
$110,000
$708,000
$557,000
$399,000
$135,000
$590,000
$2,000,000
$540,000
$515,000
209
59.6
44.0
12.0
60.0
0.7
Price/
acre*
Dollars*
$27,490
$25,000
$14,542
$17,467
$157,143
34.2
1.8
1.1
1.2
0.8
0.9
23.6
$162,640
$428,571
$181,818
$84,677
$138,554
$119,565
$30,000
0.9
2.6
5.0
12.4
3.93
165
$145,161
$226,923
$400,000
$43,689
$124,214
141
* Figures represent price-per-acre. For example, $125,000 price divided by .39 acre is entered as $320,512.00
Mobile Zip Codes
City
Zip Code
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
36613
36601 - 36612
36615
36616
36617
36618
36619
36621
36622
36625
36628
36630
36633
36640
36641
36644
36652
36660
Zip Code
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
Land Report
Zip Code
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Page 8 of 9
City
Zip Code
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile and Baldwin County
Baldwin County Zip Codes
Zip Code
.
36502
36507
36511
36526
36527
36530
36532
36533
36535
36536
36542
36547
36549
36550
36551
36555
36559
36561
36562
36564
36567
36574
36576
36577
36578
36579
36580
Land Report
City
Atmore
Bay Minette
Bon Secour
Daphne
Spanish Fort
Elberta
Fairhope
Fairhope
Foley
Foley
Gulf Shores
Gulf Shores
Lillian
Little River
Loxley
Magnolia Springs
Montrose
Orange Beach
Perdido
Point Clear
Robertsdale
Seminole
Silverhill
Spanish Fort
Stapleton
Stockton
Summerdale
Page 9 of 9
Mobile and Baldwin County