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    Bayou La Batre Retail/Office Space Title is generated by Realmo AI

    14060 S Wintzell Ave, Bayou La Batre, AL 36509

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    Picture of Other retail properties at 14060 S Wintzell Ave, Bayou La Batre, AL
    For Lease
    $5 SF/Yr

    4,798 SF Retail/OfficeFor Lease - Bayou La Batre

    Added:
    Feb 28, 2025
    Days on Market:
    456
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 14060 S Wintzell Ave

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Other office properties, Retail properties & Spaces, Office Spaces
    Class
    F
    Elevators
    N/A
    Lease Type
    NNN
    Rate Type
    Yearly

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 28, 2025

    Overview

    Located at 14060 S Wintzell Ave in Bayou La Batre, Alabama, this 4,798-square-foot retail and office space is available for lease. The property, located in Mobile County, was formerly part of Schambeau's grocery store and has been subdivided into smaller units. The location offers a commercial environment with neighboring businesses such as Catalina Café and New World Electronics. Units in the building range from 800 to 9,798 square feet. The lease is NNN (Net, Net, Net) with an annual rate of $5 per square foot. The lease term is negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    New World Electronics ... Big Box & Wholesale Store Catalina Restaurant Restaurant Catalina Ice Cream ... Grocery & Convenience Store

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bayou La Batre
    County
    Mobile
    State
    Alabama
    Longitude
    -88.247509
    Latitude
    30.398447

    Nearby Similar for Lease

    • $5 SF/Yr

      2,156 SF Retail For Lease - Bayou L Batre Shopping Center

      2,156 SF retail space in grocery-anchored shopping center.
      13286 Wintzell Ave, Bayou La Batre, AL 36509
      View Details
    • $7 SF/Yr
      1,250 SF

      Retail Space in Bayou La Batre

      Grocery-anchored retail property with spaces available for lease.
      13286 Wintzell Ave, Bayou La Batre, AL
      View Details
    • $5 SF/Yr
      4,798 SF

      Retail and Office Units Available

      Retail and office units for lease, ranging from 800-9,798 SF.
      14060 S Wintzell Ave, Bayou La Batre, AL
      View Details

    FAQs

    What type of property is this?
    Other retail property - 4,798 SF Retail/OfficeFor Lease - Bayou La Batre
    Where is this other retail property located?
    The property is located at 14060 S Wintzell Ave Bayou La Batre, AL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    (251) 438-4312
    We can help!
    Listing Contact
    Paul Salter
    Request Owner's contact information
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    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
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