Retail Property with
For Sale
$515,000
16320 Silverhill Avenue, Silverhill, AL 36576
Commercial Sale, Silverhill, AL
Property Size2,574 SF
Lot Size1.40 Acres
Price / SF$200.08
Days on Market121
Property Features for 16320 Silverhill Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Lot features
Level
Directions
once you get into Silverhill stay on Silverhill Ave and the property is on your right heading east.
Subdivision
Baldwin
Standard status
Active
APN
47-01-11-2-000-002.000
Lot size
1.40 Acres
Taxes and HOA fees
Tax Description
180'(S) X 341' BEG AT A POINT 320' E AND 40' S OF THE NW COR OF NE1/4 OF NW1/4 SEC 11 FOR POB, TH RUN E 180', TH S 341', TH W 180', TH N 141' TO POB SEC 11-T6S-R3E (WD)
Tax Annual Amount
1451
Legal Description
180'(S) X 341' BEG AT A POINT 320' E AND 40' S OF THE NW COR OF NE1/4 OF NW1/4 SEC 11 FOR POB, TH RUN E 180', TH S 341', TH W 180', TH N 141' TO POB SEC 11-T6S-R3E (WD)
Utilities
Utilities
Cable Available
Building Details
Year built
1950
Floors in Building
1
Flooring type
Wood, Laminate
Roof type
Composition
Buildings
5
Listing Agency:
Courtney and Morris Springhill
(251) 263-5150
Listed By:
Joseph M Courtney · License #143954-2
(251) 626-8882
Added: Jul 6
Changed: Oct 27
Last Checked: Nov 3 at 8:06AM
MLS# 399028
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property comprises a 2,574-square-foot building on 1.4 acres, with three separate storage buildings and a pole barn. The former residence has been adapted for commercial occupancy, and the property carries commercial zoning. Laminate and wood flooring are present in the main building, which was built in 1950.
Key Highlights
- 2,574 SF building on 1.4 acres
- Three detached storage buildings plus a pole barn
- Former residence converted to commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,697
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,940
$553.9K
Cap Rate 7%
$395,671
$395.7K
Cap Rate 9%
$307,744
$307.7K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$43.2K $16.80/SF
− Vacancy
−$3.7K −$1.43/SF
EGI
$39.6K $15.37/SF
− OpEx
−$11.9K −$4.61/SF
NOI
$27.7K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,940
Cap Rate 7%
$395,671
Cap Rate 9%
$307,744
Alternative Uses
Best Use
Retail
$395.7K
$346.2K – $461.6K
NOI $27,697 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.0K
$541.6K – $722.2K
NOI $43,330 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,789 visits/mo
0.1 miles
Demographics for 36576, AL
5,228
Population
2,183
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
19.5 sq mi
ZIP Area
268
Density / Sq Mi
$78,227
Median Household Income
$43,992
Median Earnings
$985
Median Rent
$235,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The 1.4-acre commercial parcel includes a main building and several detached storage structures.
Where is this retail space located?
The property is located at 16320 Silverhill Avenue Silverhill, AL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2,574 SF building on 1.4 acres; Three detached storage buildings plus a pole barn; Former residence converted to commercial use
