Short-Term Rental with Screened
For Sale
$325,000
4375-B Lindsey Lane, Orange Beach, AL 36561
Residential, Orange Beach, AL
Property Size1,126 SF
Lot Size0.04 Acres
Price / SF$288.63
Days on Market200
Property Features for 4375-B Lindsey Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Assigned
Patio and Porch features
Porch, Patio
Interior features
En Suite, Internet, Ceiling Fan(s)
Exterior features
Storage
Fireplace
1
Appliances
Dryer, Washer, Disposal, Microwave, Dishwasher, Electric Range, Plumbed For Ice Maker, Smoke Detector
Subdivision
Orange Beach Villas
Lot features
Some Trees, Water View, Less Than 1 Acre
View
Lake
Elementary school
Orange Beach Elementary
Middle school
Orange Beach Middle
High school
Orange Beach High
Directions
Head East on Canal Rd. Turn right onto Lindsey Ln east of Da Car Wash. Orange Beach Villas will be straight ahead.
Standard status
Active
APN
65-03-06-0-000-005.015
Size
1,126 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
LOT 1 ORANGE BEACH VILLAS REPLAT OF TWIN LAKES SUB SLIDE 2504-B
Tax Annual Amount
1752
HOA Fee
$1,428 Quarterly
Legal Description
LOT 1 ORANGE BEACH VILLAS REPLAT OF TWIN LAKES SUB SLIDE 2504-B
Utilities
Heating system
Electric (Heating)
Cooling system
Heat Pump
Amenities
pool
clubhouse
screened-in patio
outdoor storage room
Building Details
Year built
2002
Floors in Building
1
Number of units
32
Flooring type
Tile
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams AGC Realty - Orange Beach · Keller Williams Realty
(251) 494-6696
Listed By:
Heather G Loper · License #98336
(251) 504-1171
Added: Feb 26
Changed: Sep 12
Last Checked: Sep 14 at 2:06AM
MLS# 392423
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 1,126-square-foot short-term rental property is a duplex-style home with three bedrooms, two bathrooms, and an open interior layout. Built in 2002, the residence includes an en suite, tile flooring, ceiling fans, electric heating, heat-pump cooling, and a fireplace. The kitchen is equipped with an electric range, dishwasher, disposal, microwave, washer, dryer, and ice-maker connection.
Outdoor features include a screened patio, additional patio and porch areas, and an exterior storage room. Residents also have access to a community pool and clubhouse, while assigned parking is provided. The property is located at 4375-B Lindsey Lane in Orange Beach, near the Orange Beach Sportsplex, Gulf State Park trails, and The Wharf. It is currently operated as a short-term rental and may also serve as a full-time residence or second home.
Outdoor features include a screened patio, additional patio and porch areas, and an exterior storage room. Residents also have access to a community pool and clubhouse, while assigned parking is provided. The property is located at 4375-B Lindsey Lane in Orange Beach, near the Orange Beach Sportsplex, Gulf State Park trails, and The Wharf. It is currently operated as a short-term rental and may also serve as a full-time residence or second home.
Key Highlights
- 1,126‑square‑foot duplex‑style home with 3 bedrooms and 2 bathrooms
- Currently operated as a short‑term rental property
- Screened patio plus exterior storage room
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
$9,178
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
2.82%
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%
$183,560
$183.6K
Cap Rate 7%
$131,114
$131.1K
Cap Rate 9%
$101,978
$102.0K
Market Conditions
NOI Build-Up for 1,126 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
$17.6K $15.60/SF
− Vacancy
−$878 −$0.78/SF
EGI
$16.7K $14.82/SF
− OpEx
−$7.5K −$6.67/SF
NOI
$9.2K $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%
$183,560
Cap Rate 7%
$131,114
Cap Rate 9%
$101,978
Alternative Uses
Best Use
Apartment 5plus
$131.1K
$114.7K – $153.0K
NOI $9,178 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.8K
$236.9K – $315.9K
NOI $18,955 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 36561, AL
9,146
Population
16,184
Households
0.6
Avg Household Size
52
Median Age
41%
College-Educated
98%
High-School Grad
16.7 sq mi
ZIP Area
548
Density / Sq Mi
$89,432
Median Household Income
$48,771
Median Earnings
$1,346
Median Rent
$529,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three-bedroom, two-bath home includes assigned parking and access to a community pool and clubhouse.
Where is this short term rental property located?
The property is located at 4375-B Lindsey Lane Orange Beach, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,126‑square‑foot duplex‑style home with 3 bedrooms and 2 bathrooms; Currently operated as a short‑term rental property; Screened patio plus exterior storage room
