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    8531 Spanish Fort Blvd Spanish Fort, AL 36527

    View on Map
    For Lease
    $2,800 /Mo

    1,600 SF Office/Retail For Lease - Barrack's Park

    Added:
    Mar 11, 2025
    Days on Market:
    407
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 8531 Spanish Fort Blvd

    General Information

    Standard status
    Active
    Property type
    Other office properties, Office buildings, Other retail properties, Office properties & Spaces, Retail properties & Spaces
    Class
    C
    Elevators
    N/A
    Lease Type
    Modified Gross
    Rate Type
    Monthly

    Building Details

    Buildings
    4
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul License #FL BK3105171

    Listing office Salter Commercial, LLC

    Listing date Mar 11, 2025

    Overview

    Spanish Fort Office/Retail Space

    This 1,600 square foot office/retail space is available for lease within the Barrack's Park complex, located at 8531 Spanish Fort Blvd in Spanish Fort, Alabama. The property is part of a four-building complex totaling approximately 6,400 square feet. Each building in the complex features 800 square feet on the ground floor and 800 square feet on the second floor, with the second floor having a private entrance. The property offers visibility and accessibility from the high-traffic, five-lane Highway 31. The lease is a Modified Gross lease with a monthly rate of $2,800. The property is zoned B-2. The location offers advantages for businesses seeking high visibility and convenient access in a thriving area. The property benefits from a well-maintained landscape and mature hardwood trees. It is ideal for a variety of office and retail tenants seeking a prominent location in a vibrant corridor with strong demographics.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Foundation Direct Primary ... Physician The Lex Hair Co Hair Salon Let's Play Therapy ... Physician VIP HEADQUARTERS Barber Shop Eagle Rental And Real ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.876639
    Latitude
    30.673838

    Nearby Similar for Lease

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      Office and Retail Space Available

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      Restaurant Space Available For Lease

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      800 SF Office/Retail For Lease - Barrack's Park (3 Suites Available)

      800 sq ft office/retail space in Barrack's Park complex.
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
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      104 SF Full-service office For Lease, all amenities $1100 monthly

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      7817 Spanish Fort Blvd, Spanish Fort, AL 36527
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      Retail Space in Eastern Shore

      Premier retail location available for short-term rental.
      30500 Hwy 181, Spanish Fort, AL
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      Industrial Building on Highway 31

      14,000 sqft industrial building with office and warehouse space.
      11118 Hwy 31, Spanish Fort, AL
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      1,400 - 9,604 SF Spaces Available at Spanish Fort Town Center For Lease

      Retail, restaurant, or office spaces available in Spanish Fort Town Center.
      22500 Town Center Ave, Spanish Fort, AL 36527
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      2,989 SF Spanish Fort Office Building (Suite C)

      2,989 sq ft office suite on Spanish Fort Blvd.
      7884 Spanish Fort Blvd, Spanish Fort, AL 36527
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    • $16/mo

      Spanish Fort Town Center Retail

      Retail, restaurant, and office spaces available for lease.
      22500 Town Center Ave, Spanish Fort, AL
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    • $24/mo

      2,300 - 4,000 SF Office Space For Lease in Spanish Fort!

      Flexible office space in Spanish Fort with high visibility.
      30179 Eastern Shore Ct, Spanish Fort, AL 36527
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      1,200 SF Blakely Square End Cap - Retail For Lease

      Prime end-cap retail space in Spanish Fort, Alabama.
      6729 Spanish Fort Blvd, Spanish Fort, AL 36527
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    • Contact for pricing

      Commercial Building in Spanish Fort

      4,768 SF commercial building with expansion potential in Spanish Fort.
      30752 Ember Ln, Spanish Fort, AL
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    FAQs

    What type of property is this?
    Office property - 1,600 SF Office/Retail For Lease - Barrack's Park
    Where is this office property located?
    The property is located at 8531 Spanish Fort Blvd Spanish Fort, AL.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    (251) 438-4312
    We can help!
    Listing Contact
    Paul Salter
    Real Estate License ID: FL BK3105171
    Learn More
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    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
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