Grand Bay Mixed-Use Investment
10125 Grand Bay Wilmer Rd Grand Bay, AL 36541
10125 Grand Bay Wilmer Rd, Grand Bay, AL, 36541
$799,000
For Sale
$799,000
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
AddedFeb 3, 2025
Days on Market528
Last RefreshMar 16 at 9:06 am
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 agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 3, 2025
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.
Local Financial Insights For Mixed Use
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 | $107.5k | $23.40 |
| − Vacancy | −$9.7k | −$2.11 |
| EGI | $97.9k | $21.29 |
| − OpEx | −$36.7k | −$7.99 |
| NOI | $61.2k | $13.31 |
4,596 SF · lease $23.40/SF/yr · vacancy 9.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
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.
