Self-Storage Facility Anchor
For Sale
Contact for pricing
100 Ecor Rouge Place Shop Center, Fairhope, AL 36532
B-3-zoned commercial suite in a 2019 retail center with prior grocery, office, and climate-storage uses.
Property Size45,432 SF
Price / SF$107.85
Days on Market163
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Property Features for 100 Ecor Rouge Place Shop Center
General Information
Standard status
Active
Size
45,432 SF
Class
B
Property subtype
Retail, Office
Zoning
B-3
Investment Type
Redevelopment
Additional Details
Highway Access
Yes
Building Details
Year Built
2019
Units
1
Listing Agency:
Herrington Realty
Listed By:
Colby Herrington, CCIM · License #AL 000100848-0
(251) 490-6995
Source:
Crexi
Added: May 6
Changed: Oct 7
Last Checked: Oct 15 at 12:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Herrington Realty
Investment Insights
Based on property information with market context.
Suite 2 is a 45,432-square-foot interior anchor condominium within Rouge Place Shopping Center. Constructed in 2019, the space has accommodated several commercial uses, including grocery, office, and most recently climate storage. The property is zoned B-3 and is offered as a self-storage facility opportunity.
The shopping center sits at 100 Ecor Rouge Place in Fairhope, just north of the intersection of Fairhope Avenue and Highway 98. Its placement within Fairhope’s main retail node provides a commercial setting for evaluating the suite’s existing configuration and potential continued use as climate storage.
The shopping center sits at 100 Ecor Rouge Place in Fairhope, just north of the intersection of Fairhope Avenue and Highway 98. Its placement within Fairhope’s main retail node provides a commercial setting for evaluating the suite’s existing configuration and potential continued use as climate storage.
Key Highlights
- 45,432‑square‑foot interior anchor condominium suite
- Most recently used for climate storage
- Prior grocery and office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$390,406
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,808,120
$7.8M
Cap Rate 7%
$5,577,229
$5.6M
Cap Rate 9%
$4,337,844
$4.3M
Market Conditions
NOI Build-Up for 45,432 SF
Gross rent
$599.7K $13.20/SF
− Vacancy
−$42.0K −$0.92/SF
EGI
$557.7K $12.28/SF
− OpEx
−$167.3K −$3.68/SF
NOI
$390.4K $8.59/SF
Area
Baldwin County, AL
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,808,120
Cap Rate 7%
$5,577,229
Cap Rate 9%
$4,337,844
Alternative Uses
Best Use
Retail
$6.98M
$6.11M – $8.15M
NOI $488,866 @ 7.0% cap · market cap 9.98%
Second Best
Self Storage
$5.58M
$4.88M – $6.51M
NOI $390,406 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$10.93M
$9.56M – $12.75M
NOI $764,784 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Explore this area
Business Placement
Demographics for 36532, AL
36,918
Population
17,502
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
504
Density / Sq Mi
$86,026
Median Household Income
$46,129
Median Earnings
$1,374
Median Rent
$395,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - B-3-zoned commercial suite in a 2019 retail center with prior grocery, office, and climate-storage uses.
Where is this self storage facility located?
The property is located at 100 Ecor Rouge Place Shop Center Fairhope, AL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 45,432‑square‑foot interior anchor condominium suite; Most recently used for climate storage; Prior grocery and office uses
