Renovated Retail Building, Prime
21770 US-98 Foley, AL 36535
21770 US-98, Foley, AL, 36535
$795,000
For Sale
$795,000
4,716 SF Retail For Sale 21770 US-98
Property Size4,716 SF
Lot Size0.69 Acres
Price / SF$168.58
Days on Market526
Property Features for 21770 US-98
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Other investment properties, Retail properties & Spaces, Investment properties
- Size
- 4,716 SF
- Elevators
- N/A
- Lot size
- 0.69 Acres
Building Details
- Year Renovated
- 2021
- Buildings
- 1
- Stories
- 1
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 6, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This is a 4,716 square foot retail building located in Foley, Alabama. The property is situated less than half a mile from the Foley Beach Express, providing high visibility and accessibility. The building was completely renovated between 2020 and 2021 and is move-in ready. The property is zoned B2 & B3, allowing for diverse uses including retail, office, warehouse, and restaurant options. The property sits on a 0.69-acre lot. The zoning allows for a wide array of potential uses, including retail spaces, offices, warehouse facilities, and restaurants.
Local Financial Insights For Retail
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 | $79.2k | $16.80 |
| − Vacancy | −$6.7k | −$1.43 |
| EGI | $72.5k | $15.37 |
| − OpEx | −$21.7k | −$4.61 |
| NOI | $50.7k | $10.76 |
4,716 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$724.9K
$634.3K – $845.8K
NOI $50,746 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$992.3K – $1.32M
NOI $79,387 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Other retail property - 4,716 SF Retail For Sale 21770 US-98
Where is this other retail property located?
The property is located at 21770 US-98 Foley, AL.
What is the asking price?
The asking price for this property is $795,000.
