Grand Bay Mixed-Use Investment
For Sale
$799,000
10125 Grand Bay Wilmer Rd, Grand Bay, AL 36541
3,096' SF Home, a 1500' SF Metal Storage Building, and a Small Detached Office/Cabin For Sale
Property Size4,596 SF
Lot Size9.37 Acres
Price / SF$173.85
Days on Market574
Property Features for 10125 Grand Bay Wilmer Rd
General Information
Standard status
Active
Property type
Other mixed-use properties, Residential offices, Other office properties, Mixed-use properties, Office Spaces
Size
4,596 SF
Net Rentable
3,096 SF
Elevators
N/A
Lot size
9.37 Acres
Building Details
Buildings
1
Stories
1
Listing Agency:
(850) 564-0120
Listed By:
Paul
(850) 564-0120
Added: Feb 3, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 9.37-acre mixed-use property is located in Grand Bay, Alabama. The site features 271 feet of frontage on Grand Bay Wilmer Road, providing high visibility. Improvements include a 3,096 square foot home, a 1,500 square foot metal storage building, and a detached office. The property is situated across from Greer's Grand Bay Market and near CVS and Advance Auto Parts. The location offers potential for various development options, including retail, medical office, multi-family, or single-family residential projects. The total building size is 4,596 square feet.
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
$61,167
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
7.66%
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%
$1,223,340
$1.2M
Cap Rate 7%
$873,814
$873.8K
Cap Rate 9%
$679,633
$679.6K
Market Conditions
NOI Build-Up for 4,596 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
$107.5K $23.40/SF
− Vacancy
−$9.7K −$2.11/SF
EGI
$97.9K $21.29/SF
− OpEx
−$36.7K −$7.99/SF
NOI
$61.2K $13.31/SF
Area
Mobile County, AL
Vacancy
9.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
37.50%
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%
$1,223,340
Cap Rate 7%
$873,814
Cap Rate 9%
$679,633
Alternative Uses
Best Use
Mixed Use
$873.8K
$764.6K – $1.02M
NOI $61,167 @ 7.0% cap · market cap 7.66%
Second Best
Office B
$851.3K
$744.9K – $993.2K
NOI $59,589 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.13M
$990.8K – $1.32M
NOI $79,266 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 36541, AL
14,999
Population
6,432
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
89%
High-School Grad
93.1 sq mi
ZIP Area
161
Density / Sq Mi
$76,622
Median Household Income
$49,403
Median Earnings
$919
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,096' SF Home, a 1500' SF Metal Storage Building, and a Small Detached Office/Cabin For Sale
Where is this mixed-use property located?
The property is located at 10125 Grand Bay Wilmer Rd Grand Bay, AL.
What is the asking price?
The asking price for this property is $799,000.
