Flex Space with
New
For Sale
$550,000
171 Northshore Circle, Gulf Shores, AL 36542
Office, warehouse, and mezzanine areas provide an adaptable setting for integrated business operations.
Property Size2,800 SF
Price / SF$196.43
Days on Market3
Property Features for 171 Northshore Circle
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial/Industrial
Warehouse & Industrial
Office Build-Out
775 SF
Mezzanine
775 SF
Taxes and HOA fees
Annual Taxes
$1,443
Building Details
Year Built
2006
Buildings
1
Building Size
2,800 SF
Listing Agency:
Signature Properties
(251) 363-9397
Listed By:
Clint Miller · License #169806-1
(251) 363-9397
Source:
Exitrealty
Added: Aug 1
Changed: Aug 3
Last Checked: Aug 3 at 2:39AM
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 Signature Properties
Investment Insights
Based on property information with market context.
Built in 2006, this approximately 2,800-square-foot flex property combines finished office, warehouse, and mezzanine areas in one facility. The layout includes approximately 775 square feet of office space, a warehouse area with three 12' x 12' roll-up doors, and an approximately 775-square-foot mezzanine for storage, inventory, or additional workspace.
The property is located at 171 Northshore Circle in Gulf Shores, Alabama, within close proximity to major commercial corridors. Its configuration accommodates office functions alongside loading, equipment access, storage, and other operational requirements. The offering is designated for General Business uses in the property remarks; zoning, permitted uses, dimensions, and other details are subject to buyer verification during due diligence.
The property is located at 171 Northshore Circle in Gulf Shores, Alabama, within close proximity to major commercial corridors. Its configuration accommodates office functions alongside loading, equipment access, storage, and other operational requirements. The offering is designated for General Business uses in the property remarks; zoning, permitted uses, dimensions, and other details are subject to buyer verification during due diligence.
Key Highlights
- Approximately 2,800 SF office/warehouse property
- Approximately 775 SF of finished office space
- Three 12' x 12' roll‑up doors for loading and equipment access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $19.20 |
| − Vacancy | −$10.2k | −$3.65 |
| EGI | $43.5k | $15.55 |
| − OpEx | −$10.9k | −$3.89 |
| NOI | $32.7k | $11.66 |
2,800 SF · lease $19.20/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$466.6K
$408.2K – $544.3K
NOI $32,659 @ 7.0% cap · market cap 5.94%
Second Best
Warehouse
$252.5K
$220.9K – $294.6K
NOI $17,673 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$673.3K
$589.2K – $785.6K
NOI $47,134 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and mezzanine areas provide an adaptable setting for integrated business operations.
Where is this flex space located?
The property is located at 171 Northshore Circle Gulf Shores, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 2,800 SF office/warehouse property; Approximately 775 SF of finished office space; Three 12' x 12' roll‑up doors for loading and equipment access
