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

    3401 Gulf Shores Pkwy Gulf Shores, AL 36542

    View on Map
    Picture of Other land at 3401 Gulf Shores Pkwy, Gulf Shores, AL
    For Sale
    $1,200,000

    1.18 Acres Land For Sale - 3401 Gulf Shores Parkway

    Property size:
    51,401 SF
    Lot size:
    1.18 Acres
    Added:
    Feb 20, 2025
    Days on Market:
    421
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 3401 Gulf Shores Pkwy

    General Information

    Standard status
    Active
    Property type
    Other land, Residential land & home lots, Commercial land, Land
    Size
    51,401 SF
    Elevators
    N/A
    Lot size
    1.18 Acres

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 20, 2025

    Overview

    Gulf Shores Parkway Commercial Land

    This 1.18-acre commercial land parcel is located on Gulf Shores Parkway in Gulf Shores, Alabama. The property has a recently completed survey confirming its size. Situated on Gulf Shores Parkway, the location offers high traffic volume and exposure. The seller is open to subdividing the land to accommodate two separate users, presenting an opportunity for joint ventures or individual development projects. Zoned for commercial use, the property is suitable for a range of commercial developments, including retail spaces and office buildings. The property's address is 3401 Gulf Shores Parkway, Gulf Shores, AL 36542.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8145
    Latitude
    30.249

    Nearby Similar for Sale

    • $399,000

      Fort Morgan Road Commercial Lot

      Commercial lot in Fort Morgan, zoned for mixed use.
      2322 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $399,000

      Commercial Lot on Fort Morgan

      Commercial lot available in Gulf Shores, Alabama.
      0 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $584,000
      2,480 SF

      Updated Duplex Near Gulf Shores Beach

      Updated duplex near the beach with canal access.
      417 Windmill Ridge Road, Gulf Shores, AL 36542
      View Details
    • $4,575,000

      Gulf Shores Commercial Development Site

      Prime 3.79-acre commercial development site in a rapidly growing area.
      1600 E Second Street, Gulf Shores, AL 36542
      View Details
    • $799,000

      Spacious Residential Lot Near Beach

      Large lot in Fort Morgan, near beaches, ideal for residence.
      0 Ponce De Leon Court, Gulf Shores, AL 36542
      View Details
    • $109,500

      RV Lot in Whispering Pines

      Shaded RV lot in Gulf Shores resort community.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $97,500

      RV Lot in Whispering Pines Resort

      Shaded RV lot with storage shed near Gulf Shores.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $375,000

      Lagoon Front Residential Lots

      Waterfront lots for dream home with guest house, pool.
      0 Water Oaks Circle, Gulf Shores, AL 36542
      View Details
    • $679,900
      1,280 SF

      Waterfront Duplex in Gulf Shores

      Waterfront duplex with income potential, near Gulf Shores beach.
      120 W 3rd Avenue, Gulf Shores, AL 36542
      View Details
    • $2,500,000

      Gulf Shores Development Opportunity

      Prime development land near beach and new Embassy Suites.
      204 W 1st Avenue, Gulf Shores, AL 36542
      View Details
    • $848,800

      Bon Secour Bay Frontage Land

      3+ acre bayfront property near Gulf Shores dining and beaches.
      000 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $319,000

      Development Land Near Amenities

      4.52 acre development property near amenities in Gulf Shores, AL.
      18892 OLD PLASH ISLAND Road, Gulf Shores, AL 36542
      View Details

    FAQs

    What type of property is this?
    Land - 1.18 Acres Land For Sale - 3401 Gulf Shores Parkway
    Where is this land located?
    The property is located at 3401 Gulf Shores Pkwy Gulf Shores, AL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (251) 968-4300
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!