Orange Beach Retail/Office
For Sale
$549,000
27250 Perdido Beach Blvd, Orange Beach, AL 36561
1,500 SF Retail / Office Condo in Orange Beach AL For Sale
Property Size1,500 SF
Lot Size0.58 Acres
Price / SF$366
Days on Market619
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Property Features for 27250 Perdido Beach Blvd
General Information
Standard status
Active
Property type
Other retail properties, Residential offices, Other office properties, Retail properties & Spaces, Mixed-use properties, Office Spaces
Size
1,500 SF
Class
C
Elevators
N/A
Lot size
0.58 Acres
Building Details
Year Built
1996
Year Renovated
2021
Buildings
1
Stories
2
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 3, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located in Orange Beach, Alabama, this 1,500 square foot condominium offers investment potential for owner-operators or investors. The ground floor space is situated at 27250 Perdido Beach Blvd, 36561, and benefits from high visibility and significant traffic due to its location across from SanRoc Cay Marina near Perdido Pass. The property features five private offices or work areas, a reception area, two bathrooms, and a kitchen. It is suitable for various uses, including boutiques, professional offices, or medical practices. Situated on a 0.58-acre lot, the property offers ample space. Potential lease rates could exceed $3,500 per month. The space is ready for immediate occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,496
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,920
$349.9K
Cap Rate 7%
$249,943
$249.9K
Cap Rate 9%
$194,400
$194.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$28.8K $19.20/SF
− Vacancy
−$5.5K −$3.65/SF
EGI
$23.3K $15.55/SF
− OpEx
−$5.8K −$3.89/SF
NOI
$17.5K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,920
Cap Rate 7%
$249,943
Cap Rate 9%
$194,400
Alternative Uses
Best Use
Office B
$249.9K
$218.7K – $291.6K
NOI $17,496 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$360.7K
$315.6K – $420.8K
NOI $25,250 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 36561, AL
9,146
Population
16,184
Households
0.6
Avg Household Size
52
Median Age
41%
College-Educated
98%
High-School Grad
16.7 sq mi
ZIP Area
548
Density / Sq Mi
$89,432
Median Household Income
$48,771
Median Earnings
$1,346
Median Rent
$529,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Other retail property - 1,500 SF Retail / Office Condo in Orange Beach AL For Sale
Where is this other retail property located?
The property is located at 27250 Perdido Beach Blvd Orange Beach, AL.
What is the asking price?
The asking price for this property is $549,000.
