Rouge Place Retail
100 Fairhope Ecor Rouge Place Shopping Center Fairhope, AL
100 Fairhope Ecor Rouge Place Shopping Center, Fairhope, AL, 00000
Contact for pricing
For Sale
Contact for pricing
Anchor space available in Rouge Place Shopping Center.
Property Size45,342 SF
Lot Size5.76 Acres
Price / SF$123.51
Days on Market235
Property Features for 100 Fairhope Ecor Rouge Place Shopping Center
General Information
- Standard status
- Active
- Size
- 45,342 SF
- Lot size
- 5.76 Acres
- Property subtype
- RETAIL
Listing Agency
Herrington Realty, Inc
(251) 490-6995
Listed by
Colby Herrington, CCIM · License #71902
(251) 490-6995
Source
Moodyscre
Added: Nov 24, 2025 Checked: Jul 16 at 6:54 am
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, Inc
Investment Insights
Based on property information with market context.
An exceptional leasing opportunity is available in the Rouge Place Shopping Center, situated just north of the intersection of Fairhope Avenue and Highway 98 in Fairhope, Alabama. The property features a +-45,000 sq ft interior anchor space available at $13.50 per square foot NNN. This space, formerly a climate-controlled storage facility, will be presented as an open floor warm shell. The property is located down the street from Thomas Hospital, a prominent medical facility in the area, and approximately 2 miles north of Fairhope High School. The owner is willing to subdivide the space according to tenants' needs.
Key Highlights
- Large +-45,000 sq ft interior anchor space available.
- Located in Rouge Place Shopping Center near Fairhope Ave and Highway 98.
- Space will be delivered as an open floor warm shell.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $761.7k | $16.80 |
| − Vacancy | −$64.7k | −$1.43 |
| EGI | $697.0k | $15.37 |
| − OpEx | −$209.1k | −$4.61 |
| NOI | $487.9k | $10.76 |
45,342 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.97M
$6.10M – $8.13M
NOI $487,898 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.90M
$9.54M – $12.72M
NOI $763,269 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Anchor space available in Rouge Place Shopping Center.
Where is this shopping center located?
The property is located at 100 Fairhope Ecor Rouge Place Shopping Center Fairhope, AL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Large +-45,000 sq ft interior anchor space available.; Located in Rouge Place Shopping Center near Fairhope Ave and Highway 98.; Space will be delivered as an open floor warm shell.
