Flex Building With Roll-Up
New
For Sale
$550,000
171 Northshore Circle, Gulf Shores, AL 36542
SINGLE_FAMILY - Gulf Shores, AL
Property Size2,800 SF
Lot Size0.24 Acres
Price / SF$196.43
Days on Market6
Property Features for 171 Northshore Circle
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Lot features
Level
Directions
Right off of 59 on to 36th. Right onto Northshore St. Right onto Northshore Circle.
Subdivision
Baldwin
Standard status
Active
APN
61-09-32-4-001-018.012
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
75.5 X 140.7 IRR LOT 10 NORTHSHORE CENTRE UNIT 3 SLIDE 174 6-A MS94 PG435 IN CITY OF GULF SHORES SEC 32-T8S-R4E (WD-SUR VIVORSHIP)
Tax Annual Amount
1443
Legal Description
75.5 X 140.7 IRR LOT 10 NORTHSHORE CENTRE UNIT 3 SLIDE 174 6-A MS94 PG435 IN CITY OF GULF SHORES SEC 32-T8S-R4E (WD-SUR VIVORSHIP)
Utilities
Heating system
Central, Electric (Heating)
Building Details
Year built
2006
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Signature Properties
(251) 609-9292
Listed By:
Clint Miller · License #169806-1
(251) 363-9397
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 4 at 4:06PM
MLS# 400079
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.
Investment Insights
Based on property information with market context.
This 2006 flex property at 171 Northshore Circle in Gulf Shores combines approximately 2,800 SF of building area with multiple functional zones. The interior includes approximately 775 SF of finished office space, a warehouse area, and an approximately 775 SF mezzanine that can accommodate storage, inventory, or additional workspace. Three 12' x 12' roll-up doors provide loading and equipment access. Concrete flooring and a metal roof are part of the existing improvements.
The property occupies 0.237 acres and carries Commercial zoning. Its office-and-warehouse configuration is suited to operations requiring administrative space alongside storage, equipment handling, or distribution functions. The address is in Gulf Shores, Alabama, within Baldwin County.
The property occupies 0.237 acres and carries Commercial zoning. Its office-and-warehouse configuration is suited to operations requiring administrative space alongside storage, equipment handling, or distribution functions. The address is in Gulf Shores, Alabama, within Baldwin County.
Key Highlights
- Approximately +/-2,800 SF flex office/warehouse property
- Approximately 775 SF of finished office space
- Approximately 775 SF mezzanine for storage or additional workspace
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
Property Profile
Current Use
Lease Details
3
Drive-in doors
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - The layout combines finished office space, warehouse area, and an elevated mezzanine.
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 flex office/warehouse property; Approximately 775 SF of finished office space; Approximately 775 SF mezzanine for storage or additional workspace
