106 W Myrtle Ave Foley, AL 36535
Prime commercial property in downtown Foley, offering diverse possibilities.
Property Features for 106 W Myrtle Ave
General Information
- Standard status
- Active
- Size
- 4,351 SF
- Property subtype
- OFFICE
Listing office Re/Max On the Coast (251) 213-8504
Listing date May 20, 2026
Source Moodyscre
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Foley location at the corner of W Myrtle Ave and S Alston St with excellent visibility and easy access.
- Zoned B‑1 (Central Business District) allowing for retail, dining, office, service, hospitality, entertainment, and mixed residential/commercial uses.
- 4,351‑square‑foot building suitable for renovation and redevelopment.
Local Financial Insights For Healthcare Medical
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 | $96.6k | $22.20 |
| − Vacancy | −$9.9k | −$2.26 |
| EGI | $86.7k | $19.94 |
| − OpEx | −$34.7k | −$7.97 |
| NOI | $52.0k | $11.96 |
Alternative Uses
Property Analytics
Current Use by Public Records
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