Retail Property with Storage
For Sale
$515,000
16320 Silverhill Avenue, Silverhill, AL 36576
Commercial Sale, Silverhill, AL
Property Size2,574 SF
Lot Size1.40 Acres
Price / SF$200.08
Days on Market71
Property Features for 16320 Silverhill Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Lot features
Level
Directions
once you get into Silverhill stay on Silverhill Ave and the property is on your right heading east.
Subdivision
Baldwin
Standard status
Active
APN
47-01-11-2-000-002.000
Lot size
1.40 Acres
Taxes and HOA fees
Tax Description
180'(S) X 341' BEG AT A POINT 320' E AND 40' S OF THE NW COR OF NE1/4 OF NW1/4 SEC 11 FOR POB, TH RUN E 180', TH S 341', TH W 180', TH N 141' TO POB SEC 11-T6S-R3E (WD)
Tax Annual Amount
1451
Legal Description
180'(S) X 341' BEG AT A POINT 320' E AND 40' S OF THE NW COR OF NE1/4 OF NW1/4 SEC 11 FOR POB, TH RUN E 180', TH S 341', TH W 180', TH N 141' TO POB SEC 11-T6S-R3E (WD)
Utilities
Utilities
Cable Available
Water front features
Waterfront
Building Details
Year built
1950
Floors in Building
1
Flooring type
Wood, Laminate
Roof type
Composition
Listing Agency:
Courtney and Morris Springhill
(251) 263-5150
Listed By:
Joseph M Courtney · License #143954-2
(251) 626-8882
Added: Jul 6
Changed: Sep 5
Last Checked: Sep 14 at 1:06AM
MLS# 399028
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 2,574-square-foot retail property occupies 1.4 acres and was originally constructed in 1950. The former residential building has been adapted for commercial use, with laminate and wood flooring and a composition roof. Three separate storage buildings and a pole barn add accessory space to the main structure.
The property is located at 16320 Silverhill Avenue in Silverhill, Alabama, within Baldwin County. Waterfront features are identified, and cable service is available. Commercial zoning is in place, while the existing configuration has been identified for office, retail, and other commercial applications. Buyers should verify permitted uses, property details, and site conditions during due diligence.
The property is located at 16320 Silverhill Avenue in Silverhill, Alabama, within Baldwin County. Waterfront features are identified, and cable service is available. Commercial zoning is in place, while the existing configuration has been identified for office, retail, and other commercial applications. Buyers should verify permitted uses, property details, and site conditions during due diligence.
Key Highlights
- 2,574‑square‑foot commercial building on 1.4 acres
- Three additional storage buildings plus a pole barn
- Former residence converted for commercial use
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
$30,023
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
5.83%
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%
$600,460
$600.5K
Cap Rate 7%
$428,900
$428.9K
Cap Rate 9%
$333,589
$333.6K
Market Conditions
NOI Build-Up for 2,574 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
$49.4K $19.20/SF
− Vacancy
−$9.4K −$3.65/SF
EGI
$40.0K $15.55/SF
− OpEx
−$10.0K −$3.89/SF
NOI
$30.0K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$600,460
Cap Rate 7%
$428,900
Cap Rate 9%
$333,589
Alternative Uses
Best Use
Office B
$428.9K
$375.3K – $500.4K
NOI $30,023 @ 7.0% cap · market cap 5.83%
Second Best
Retail
$395.7K
$346.2K – $461.6K
NOI $27,697 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$619.0K
$541.6K – $722.2K
NOI $43,330 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 36576, AL
5,228
Population
2,183
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
19.5 sq mi
ZIP Area
268
Density / Sq Mi
$78,227
Median Household Income
$43,992
Median Earnings
$985
Median Rent
$235,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned site includes a pole barn and three additional structures.
Where is this retail space located?
The property is located at 16320 Silverhill Avenue Silverhill, AL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2,574‑square‑foot commercial building on 1.4 acres; Three additional storage buildings plus a pole barn; Former residence converted for commercial use
