Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3800 S Mckenzie St Foley, AL 36535

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $1,250,000

    High-traffic Hwy 59 location; 5 units, 12,000 SF.

    Property size:
    12,000 SF

    Property Features for 3800 S Mckenzie St

    General Information

    Property type
    Restaurants
    Square Feet
    12,000 SF
    Price / Square Foot
    $104
    Elevators
    N/A
    Net Rentable
    12,000 SF
    Lot Size
    37,549 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1
    Units
    5

    Overview

    Foley Strip Center Investment Opportunity

    This commercial property in Foley, Alabama, offers an investment opportunity. Located on State Highway 59, the 12,000 square foot strip center contains five individual units and provides exposure to daily traffic. The property is situated on approximately 0.86 acres of land and features over 200 feet of highway frontage. Its location provides access to Foley's downtown area, Gulf Coast beaches, OWA Amusement Park, and other tourist attractions. The flexible layout of the five units can accommodate retail spaces, offices, or service-oriented businesses. The property's location and access make it suitable for entrepreneurs and business owners seeking commercial space in a dynamic market.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • 12,000 sq ft building with five units on a 0.86‑acre lot.
    • High‑traffic location on Hwy 59 in Foley, Alabama, offering excellent visibility.
    • Minutes from Foley's downtown, beaches, OWA, and other tourist attractions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T T Nail ... Hair Salon love nails & spa Nail Salon Alabama Goldsmith Jewelers (Bike/Boat/Book/etc) Store The Empire Tattoo Company Tattoo & Piercing Shop New Creation Consignment Discount Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    State
    Alabama
    Longitude
    -87.683781
    Latitude
    30.358444

    Nearby Similar for Sale

    • $850,000
      12,107 SF

      Foley Commercial Space For Sale

      Prime commercial space in Foley near Highway 59 and Industrial Park.
      339 Berry Ave E, Foley, AL 36535
      View Details
    • $129,000
      6,000 SF

      Luxury RV Lot in Foley

      Improved RV lot in a top-rated luxury resort.
      604 Sereno St, Foley, AL 36535
      View Details
    • New
      $299,000
      392 SF

      Improved RV Lot with Casita

      Luxury RV lot with casita and extended outdoor space.
      500 Portofino Loop, Foley, AL 36535
      View Details
    • New
      $89,900

      Luxury RV Lot in Foley

      Premium RV lot with screened pavilion and resort amenities.
      309 Portofino Loop, Foley, AL 36535
      View Details
    • $142,000

      Lakeside RV Lot in Foley, AL

      Luxury RV resort lot with stunning lake and fountain views.
      252 Portofino Loop, Foley, AL 36535
      View Details
    • $127,500

      Luxury RV Lot in Foley

      Turn-key RV lot with premium improvements in Bella Terra Resort.
      325 Portofino Loop, Foley, AL 36535
      View Details
    • $152,900
      0.07 Acres

      Improved RV Lot in Foley, AL

      RV lot with gazebo in Grand Riviera RV Resort.
      733 Vacation Cir, Foley, AL 36535
      View Details
    • $89,500

      Luxury RV Lot in Foley

      Well-maintained RV lot in Bella Terra RV Resort.
      577 Portofino Loop, Foley, AL 36535
      View Details
    • $299,000
      340 SF

      Luxury RV Lot with Casita

      Premium RV lot with casita and resort amenities.
      432 Portofino Loop, Foley, AL 36535
      View Details
    • $85,000

      Luxury RV Lot in Foley

      Improved RV lot in Bella Terra RV Resort, Foley, AL.
      321 Portofino Loop, Foley, AL 36535
      View Details
    • $134,900

      Luxury RV Lot with Gazebo

      Spacious RV lot with gazebo and resort amenities.
      512 Portofino Loop, Foley, AL 36535
      View Details
    • $265,000
      224 SF

      Improved RV Lot in Foley

      Luxury RV lot with casita and outdoor living space.
      837 Carrozza Ln, Foley, AL 36535
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic Hwy 59 location; 5 units, 12,000 SF.
    Where is this restaurant located?
    The property is located at 3800 S Mckenzie St Foley, AL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 12,000 sq ft building with five units on a 0.86-acre lot.; High-traffic location on Hwy 59 in Foley, Alabama, offering excellent visibility.; Minutes from Foley's downtown, beaches, OWA, and other tourist attractions.
    (850) 564-0120
    Request Owner's contact information
    3800 S Mckenzie St Foley, AL 36535
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3800 S Mckenzie St
    Foley, AL 36535
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3800 S Mckenzie St Foley, AL 36535
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Salter
    (850) 564-0120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!