Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    23676 Canal Rd Orange Beach, AL 36561

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,200,000

    Corner lot in Orange Beach's bustling Canal Road corridor.

    Lot size:
    1.13 Acres

    Property Features for 23676 Canal Rd

    General Information

    Lot size
    1.13 Acres

    We can help!

    Listing Contact
    Heather Harp
    Source: Moodyscre

    Listing Agent: Heather Harp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Corner Lot on Canal

    This corner lot is located on Canal Road in Orange Beach. The property measures approximately 164.9 feet by 235 feet. It is zoned for commercial use and suitable for retail, restaurant, office, or mixed-use development. The location offers visibility and access. The property is positioned in a commercial zone with high traffic and strong demographics. It is surrounded by established businesses, residential communities, and beach traffic corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Realty agency Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Beach
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6200674
    Latitude
    30.2897778

    Nearby Similar for Sale

    • $724,000

      Luxury RV Lot with Pool

      Upscale RV lot with private pool near Orange Beach.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • New
      $250,000

      Improved RV Lot in Orange Beach

      Two connected lots with guest cottage and RV near The Wharf.
      4211 Azalea St, Orange Beach, AL 36561
      View Details
    • $530,000

      RV Lot with Gulf Views

      Premier RV lot with observation deck and outdoor kitchen.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $529,000

      Luxury RV Lot with Pool

      South-facing RV lot with private pool and resort amenities.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $399,000

      RV Lot with Tiki Hut

      Generously sized RV lot with tiki hut near resort amenities.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $395,000

      Upgraded RV Lot in Resort

      Luxurious RV lot with outdoor kitchen near resort amenities.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $349,000

      RV Lot in Buena Vista Resort

      Corner lot with resort amenities near Orange Beach.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • New
      $465,000

      Oversized Corner RV Lot in Orange Beach

      Corner RV lot with potential for custom build and resort amenities.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $365,000

      Improved RV Lot in Orange Beach

      Large corner lot with tiki hut near resort amenities.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $395,000

      Upgraded RV Lot in Resort

      RV lot with outdoor kitchen in luxury motorcoach resort.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $495,000

      Luxury RV Lot with Pool

      Deluxe RV lot with private pool and outdoor kitchen.
      23601 Perdido Beach Blvd, Orange Beach, AL 36561
      View Details
    • $145,000
      0.02 Acres

      Orinoco Cove Boat Slip

      20' x 50' boat slip in Orange Beach, AL.
      4688 Walker Ave, Orange Beach, AL 36561
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot in Orange Beach's bustling Canal Road corridor.
    Where is this commercial land located?
    The property is located at 23676 Canal Rd Orange Beach, AL.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - Premier corner lot location on Canal Road in a high-growth commercial zone.; - High traffic counts and strong surrounding demographics.; - Excellent dimensions (164.9’ x 235’ +/-) suitable for parking and building footprint.
    (251) 533-6677
    Request Owner's contact information
    23676 Canal Rd Orange Beach, AL 36561
    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.
    23676 Canal Rd
    Orange Beach, AL 36561
    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
    23676 Canal Rd Orange Beach, AL 36561
    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
    Heather Harp
    Real Estate License ID: new
    (251) 533-6677
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.