Mixed-Use Property with Mobile
For Sale
Under Contract
$289,000
14119 County Road 49, Foley, AL 36535
Residential Income, Foley, AL
Property Size750 SF
Lot Size1.64 Acres
Price / SF$89.31
Days on Market234
Property Features for 14119 County Road 49
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Unzoned,OutsideCorpLimits
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Pets allowed
Yes
Subdivision
Crystal Estates
Elementary school
Magnolia School
Middle school
Foley Middle
High school
Foley High
Directions
From hwy 98 go north on County Rd 49 approx 1.5 mi. turn left onto a dirt road then property is on the left. Use Waze or other navigation so you don't miss the turn onto the dirt road. Shown by appointment only. Do not wander out and walk without an agent present please.
Standard status
Active Under Contract
APN
55-05-16-0-000-011.002
Size
3,236 SF
Lot size
1.64 Acres
Taxes and HOA fees
Tax Description
Lot 8A Crystal Estates
Tax Annual Amount
554
Legal Description
Lot 8A Crystal Estates
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1991
Floors in Building
1
Flooring type
Other floors/see remarks
Architectural style
Other
Listing Agency:
Terri T Realty
(251) 284-6671
Listed By:
Randall Allen · License #68588
(251) 202-7057
Added: Jan 29
Changed: Sep 13
Last Checked: Sep 20 at 10:06AM
MLS# 394473
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 30-by-25-foot metal building formerly configured for commercial linen service, along with three mobile homes. The building includes three industrial washers, three dryers, a scale, and related equipment. Two of the homes are rented on a month-to-month basis, providing current rental income. The property also includes window-unit cooling and was built in 1991.
Located at 14119 County Road 49 in Foley, Alabama, the property contains 1.642 acres and is unzoned and outside corporate limits. Utilities are not connected to the metal building; establishing service would require installation of a new transformer. The structures and included equipment are offered in their existing condition. County zoning and planning approval should be confirmed before adding additional mobile homes.
Located at 14119 County Road 49 in Foley, Alabama, the property contains 1.642 acres and is unzoned and outside corporate limits. Utilities are not connected to the metal building; establishing service would require installation of a new transformer. The structures and included equipment are offered in their existing condition. County zoning and planning approval should be confirmed before adding additional mobile homes.
Key Highlights
- 1.642‑acre mixed‑use property in Foley, Alabama
- 30‑by‑25‑foot metal building configured for commercial linen service
- Includes 3 industrial washers, 3 dryers, a scale, and related equipment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,377
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,540
$527.5K
Cap Rate 7%
$376,814
$376.8K
Cap Rate 9%
$293,078
$293.1K
Market Conditions
NOI Build-Up for 3,236 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.5K $15.60/SF
− Vacancy
−$2.5K −$0.78/SF
EGI
$48.0K $14.82/SF
− OpEx
−$21.6K −$6.67/SF
NOI
$26.4K $8.15/SF
Area
Baldwin County, AL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,540
Cap Rate 7%
$376,814
Cap Rate 9%
$293,078
Alternative Uses
Best Use
Mixed Use
$428.3K
$374.8K – $499.7K
NOI $29,980 @ 7.0% cap · market cap 10.37%
Second Best
Apartment 5plus
$376.8K
$329.7K – $439.6K
NOI $26,377 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$778.2K
$680.9K – $907.9K
NOI $54,474 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unzoned property combines a metal service building with three mobile homes, two currently rented month to month.
Where is this mixed-use property located?
The property is located at 14119 County Road 49 Foley, AL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1.642‑acre mixed‑use property in Foley, Alabama; 30‑by‑25‑foot metal building configured for commercial linen service; Includes 3 industrial washers, 3 dryers, a scale, and related equipment
