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

    613 GULF SHORES PKWY Gulf Shores, AL 36542

    View on Map
    Picture of Other office properties at 613 GULF SHORES PKWY, Gulf Shores, AL
    For Lease
    $32 SF/Yr

    2,050 SF Office For Lease - Prime Location .25 mile from Beach

    Added:
    Mar 26, 2025
    Days on Market:
    388
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 613 GULF SHORES PKWY

    General Information

    Standard status
    Active
    Property type
    Other office properties, Office Units, Office buildings, Office properties & Spaces
    Class
    C
    Total Parking Spaces
    20
    Elevators
    N/A
    Lease Type
    Gross
    Rate Type
    Yearly

    Building Details

    Year Built
    1984
    Year Renovated
    2024
    Buildings
    1
    Stories
    3

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Mar 26, 2025

    Overview

    Beachfront Office Space Available

    This commercial property offers 2,050 square feet of office space in Gulf Shores, Alabama, situated a quarter-mile from the beach. Located on Gulf Shores Parkway, the property benefits from high traffic and visibility, making it suitable for various businesses. The space is divided into two units: an eastern unit of approximately 1,040 square feet facing Gulf Shores Parkway, and a western unit of approximately 1,000 square feet. Both units are available for lease individually or together, providing flexibility. The property is available for immediate occupancy. The lease is a gross lease with an annual rate of $32 per square foot. This is one of the few commercial office spaces available in this area, providing a unique opportunity to establish a presence in the thriving Gulf Shores market.
    Location Intelligence

    Current Use by Public Records

    Ashley Toland - Mental ... Crisis Center nan elkins Counselor Infinite Focus Productions Film Production Andreia Souto Esthethics Hair Salon Royal Auto Trans, ... Logistics Company

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8145
    Latitude
    30.249

    Nearby Similar for Lease

    • $19/mo

      Retail Showroom in Prime Location

      High-end retail showroom space available for lease in Gulf Shores.
      3769 Gulf Shores Pkwy, Gulf Shores, AL
      View Details
    • $20/mo

      Class A Office Space Rental

      Class A office space available in Gulf Shores, Alabama.
      1585 Gulf Shores Pkwy, Gulf Shores, AL
      View Details
    • Contact for pricing

      200 - 1,000 SF Affordable Office Space Available FOR LEASE in Gulf Shores (Suite 3)

      Exceptional office space in Gulf Shores, Alabama, with flexible lease options.
      2033 West 1st Street, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      500 SF Office For Lease - Plaza 59 Office Complex (Floor 2, Suite 205)

      500 sq ft office space in prime Gulf Shores location.
      1229 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      1,250 SF Office For Lease - 2001 W 1st St. Suite A

      Renovated 1,250 SF office space near city complex.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      1,250 SF Office For Lease - 2001 W 1st St. Suite C

      Renovated 1,250 SF office space near municipal complex.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      3,000 SF Gulf Shores Office Space For Lease! (Suite C)

      3,000 sq ft office space in Gulf Shores, AL.
      901 Commerce Dr, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      54 SF Office Space for Lease Gulf Shores (Suite E)

      54 sq ft office space with shared amenities.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      87 SF Office Space for Lease Gulf Shores (Suite C)

      87 sq ft office space with shared amenities in Gulf Shores.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      87 SF Office Space for Lease Gulf Shores (Suite F)

      87 sq ft office with shared amenities in Gulf Shores.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Retail Spaces in Boutique Mall

      Retail spaces available in a dynamic Gulf Shores boutique mall.
      1544 Gulf Shores Pkwy, Gulf Shores, AL
      View Details

    FAQs

    What type of property is this?
    Office property - 2,050 SF Office For Lease - Prime Location .25 mile from Beach
    Where is this office property located?
    The property is located at 613 GULF SHORES PKWY Gulf Shores, AL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    (251) 981-2400
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!