Add Listing
    For Lease
    • 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

    18987 Old Plash Island Road Gulf Shores, AL 36542

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $5,225 /Mo

    Prime Baldwin County location, flexible zoning. Sale or lease.

    Lot size:
    348,480 SF

    Property Features for 18987 Old Plash Island Road

    General Information

    Property type
    Other land
    Lease Type
    Modified Gross
    RSF (Rentable sq. ft)
    348,480 SF
    USF (Usable sq. ft)
    348,480 SF
    Elevators
    N/A
    Total Rate
    5225

    Amenities

    Overview

    Unzoned Land Parcel in Gulf Shores

    This 8-acre parcel is located in Gulf Shores, Alabama. The unzoned property offers flexibility for a range of commercial or personal uses, including laydown yards, construction material or equipment storage, building supply staging, industrial outdoor storage, excess parking, boat dealerships, RV storage, or agricultural pursuits. Its location near concrete and crushing facilities makes it suitable for businesses such as rock and gravel yards, landscape supply companies, or granite yards. The property is located across from Aventura, a new 400-homesite development. Gulf Shores International Airport is under 4 miles away, and Interstate I-10 is 25 miles away. County Road 6 provides access to Highway 59 and the Beach Express. The property is located outside the FEMA floodplain. Water, sewer, and electric utilities are available, though not currently connected. The lessor covers property taxes, and the lessee is responsible for utilities and insurance.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • 8± acre parcel in rapidly growing Gulf Shores, AL.
    • Unzoned, offering flexible commercial or personal use options.
    • Convenient location near I‑10, Gulf Shores Airport, and major roadways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    State
    Alabama
    Longitude
    -87.701172
    Latitude
    30.310339

    Nearby Similar for Lease

    • $2,650 /Mo
      1,198 SF

      Gulf Shores Office Space Available

      Corner office suite in established Gulf Shores business park for lease.
      1544 W 2Nd St, Gulf Shores, AL 36542
      View Details
    • $20 SF/Yr
      650 SF

      Office Space Near Gulf Shores

      Office space for rent near the airport in Gulf Shores.
      750 Commerce Dr, Gulf Shores, AL 36542
      View Details
    • $35 SF/Yr
      1,750 SF

      New Retail Suites Available

      New retail development in Gulf Shores, completion Fall 2025.
      241 E 20Th Ave, Gulf Shores, AL 36542
      View Details
    • $1,100 /Mo
      2,543 SF

      Retail Spaces in Boutique Mall

      Retail spaces available in a dynamic Gulf Shores boutique mall.
      1544 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $20 SF/Yr
      4,944 SF

      Class A Office Space Rental

      Class A office space available in Gulf Shores, Alabama.
      1585 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $20 SF/Yr
      1,333 SF

      Gulf Shores Professional Office Space

      Professional office space in the heart of Gulf Shores.
      214 D Professional Ct, Gulf Shores, AL
      View Details
    • $19 SF/Yr
      7,742 SF

      Retail Showroom in Prime Location

      High-end retail showroom space available for lease in Gulf Shores.
      3769 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $6,600 /Mo
      5,000 SF

      Climate-Controlled Hangar at Gulf Shores Airport

      New, insulated, air-conditioned hangar space for lease at Gulf Shores.
      3190 Airport Dr, Gulf Shores, AL
      View Details
    • $600 /Mo
      87 SF

      Gulf Shores Office Suite - Lease Now

      Prime Gulf Shores Office, 87 sq ft, all-inclusive.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • $600 /Mo
      87 SF

      Gulf Shores Office Suite - Lease Now

      Prime Gulf Shores office, 87 sq ft, all utilities included.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • $400 /Mo
      54 SF

      Gulf Shores Office Suite - Lease Now

      Prime Gulf Shores Office, 54 sq ft, all utilities included.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • $32 SF/Yr
      2,050 SF

      Gulf Shores Office Space For Lease

      Beachfront Office, High Visibility, Immediate Occupancy
      613 GULF SHORES PKWY, Gulf Shores, AL 36542
      View Details

    FAQs

    What type of property is this?
    Land - Prime Baldwin County location, flexible zoning. Sale or lease.
    Where is this land located?
    The property is located at 18987 Old Plash Island Road Gulf Shores, AL.
    What is the lease rate?
    The lease rate is $0.18 SF/Yr.
    What are key features of this property?
    This property features:
    (888) 923-8847
    Request Owner's contact information
    18987 Old Plash Island Road Gulf Shores, AL 36542
    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.
    18987 Old Plash Island Road
    Gulf Shores, AL 36542
    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
    18987 Old Plash Island Road Gulf Shores, AL 36542
    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

    We can help!
    Listing Contact
    Paul Salter
    (888) 923-8847
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!