New Construction
For Sale
$595,000
7365 Alamo Circle CIR, Gulf Shores, AL 36542
New warehouse under construction with two planned units and two roll-up doors, with utilities and permits already secured.
Property Size5,600 SF
Price / SF$106.25
Days on Market213
Property Features for 7365 Alamo Circle CIR
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,470
Building Details
Year Built
2024
Listing Agency:
RE/MAX of Orange Beach
(251) 533-6677
Listed By:
Heather Harp · License #0146979
(251) 533-6677
Source:
Exitrealty
Added: Jan 30
Changed: Aug 25
Last Checked: Aug 30 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Orange Beach
Investment Insights
Based on property information with market context.
A brand-new warehouse is currently under construction and includes two planned units. The structure is reported at 75% completion and will feature two large roll-up doors for straightforward loading and access.
The project is located in Gulf Shores, right off Highway 59, at 7365 Alamo Circle. Permits have been secured, and essential utilities including water and sewer hookups are already in place, along with temporary electrical connections.
Remaining work is described as including HVAC installation, additional electrical and plumbing work, exterior brick finishing, and parking lot paving. The seller states there are no mortgages or liens, and buyers should verify all information during due diligence.
The project is located in Gulf Shores, right off Highway 59, at 7365 Alamo Circle. Permits have been secured, and essential utilities including water and sewer hookups are already in place, along with temporary electrical connections.
Remaining work is described as including HVAC installation, additional electrical and plumbing work, exterior brick finishing, and parking lot paving. The seller states there are no mortgages or liens, and buyers should verify all information during due diligence.
Key Highlights
- Brand new warehouse currently under construction in Gulf Shores right off Hwy 59
- Planned 5,600 sqft warehouse with two units: 3,100 sqft and 2,500 sqft
- Structure at 75% completion with two large roll‑up doors
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
$35,346
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%
$706,920
$706.9K
Cap Rate 7%
$504,943
$504.9K
Cap Rate 9%
$392,733
$392.7K
Market Conditions
NOI Build-Up for 5,600 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
$43.7K $7.80/SF
− Vacancy
−$2.1K −$0.37/SF
EGI
$41.6K $7.43/SF
− OpEx
−$6.2K −$1.11/SF
NOI
$35.3K $6.31/SF
Area
Baldwin County, AL
Vacancy
4.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$706,920
Cap Rate 7%
$504,943
Cap Rate 9%
$392,733
Alternative Uses
Best Use
Warehouse
$504.9K
$441.8K – $589.1K
NOI $35,346 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,268 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36542, AL
16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - New warehouse under construction with two planned units and two roll-up doors, with utilities and permits already secured.
Where is this warehouse located?
The property is located at 7365 Alamo Circle CIR Gulf Shores, AL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Brand new warehouse currently under construction in Gulf Shores right off Hwy 59; Planned 5,600 sqft warehouse with two units: 3,100 sqft and 2,500 sqft; Structure at 75% completion with two large roll‑up doors
