Spanish Fort Retail/Warehouse
For Sale
$1,200,000
9745 Spanish Fort Blvd, Spanish Fort, AL 36527
6,000 SF Retail For Sale - 9727 Spanish Fort Blvd
Property Size6,624 SF
Price / SF$181.16
Days on Market548
Property Features for 9745 Spanish Fort Blvd
General Information
Standard status
Active
Property type
Warehouses, Other retail properties, Individual retail properties, Industrial properties, Retail properties & Spaces
Size
6,624 SF
Net Rentable
6,134 SF
Elevators
N/A
Building Details
Buildings
1
Stories
1
Listing Agency:
(251) 928-9890
Listed By:
Paul
(251) 928-9890
Added: Feb 20, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located at 9745 Spanish Fort Blvd in Spanish Fort, Alabama, this 6,624 square foot commercial property offers a unique investment opportunity. Situated on a 1.5-acre lot within Baldwin County, the property benefits from a B-2 zoning designation, making it suitable for various commercial ventures. The building, previously a residence, features 6 large rooms that can be adapted into offices or other commercial spaces. An attached warehouse with a roll-up door provides space for storage or specialized operations. The property's location on heavily trafficked Highway 31, enhanced by a dedicated turn lane, ensures visibility and accessibility for customers. The 1.5-acre lot allows for future expansion within the B-2 zoning regulations. The usable net space is 6,134 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,277
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,425,540
$1.4M
Cap Rate 7%
$1,018,243
$1.0M
Cap Rate 9%
$791,967
$792.0K
Market Conditions
NOI Build-Up for 6,624 SF
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.
Gross rent
$111.3K $16.80/SF
− Vacancy
−$9.5K −$1.43/SF
EGI
$101.8K $15.37/SF
− OpEx
−$30.5K −$4.61/SF
NOI
$71.3K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,425,540
Cap Rate 7%
$1,018,243
Cap Rate 9%
$791,967
Alternative Uses
Best Use
Retail
$1.02M
$891.0K – $1.19M
NOI $71,277 @ 7.0% cap · market cap 5.94%
Second Best
Warehouse
$597.3K
$522.6K – $696.8K
NOI $41,809 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,506 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36527, AL
18,034
Population
7,621
Households
2.4
Avg Household Size
39
Median Age
43%
College-Educated
97%
High-School Grad
42.3 sq mi
ZIP Area
426
Density / Sq Mi
$112,672
Median Household Income
$51,337
Median Earnings
$1,373
Median Rent
$348,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Safe Harbour Mini Storage — 31756 Buzbee Rd, Spanish Fort, AL 36527
Frequently Asked Questions
What type of property is this?
Warehouse - 6,000 SF Retail For Sale - 9727 Spanish Fort Blvd
Where is this warehouse located?
The property is located at 9745 Spanish Fort Blvd Spanish Fort, AL.
What is the asking price?
The asking price for this property is $1,200,000.
