Furnished Waterfront Short-Term
For Sale
$100,000
Pending
17595 River Road, Summerdale, AL 36580
Turnkey furnished home with river access, private dock, covered boat lift, and outdoor gathering areas.
Property Size1,082 SF
Days on Market163
Property Features for 17595 River Road
General Information
Standard status
Pending
Size
1,082 SF
Property subtype
Ranch
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
private dock
covered boat lift
upper deck
expansive patio
camera system
mini-split in living area
inverter window units
Ceiling Fan(s)
3
Cook Top Range, Dishwasher, Washer, Dryer, Microwave, Electric Range/Cooktop, Ice Maker
Composition Shingle
Rear Porch, Front Porch, Covered
Waterfront.
River
Building Details
Year Built
1971
Buildings
1
Stories
1
Listing Agency:
(256) 757-8898
Listed By:
Shane Albright Auctions
Source:
Xome
Added: Mar 22
Changed: Aug 31
Last Checked: Aug 31 at 5:31AM
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 Shane Albright Auctions
Investment Insights
Based on property information with market context.
This furnished short-term rental property includes 1,082 square feet of living space and was built in 1971. The home has ceiling fans, a cooktop range, dishwasher, washer, dryer, microwave, electric range, and ice maker. Bedroom inverter window units and a living-area mini-split have been added, along with deck and railing improvements. The property conveys with two kayaks and an installed camera system.
Located on Fish River in Summerdale, the property offers direct waterfront access through a private dock equipped with power and water, a covered boat lift, and an upper deck. The river is described as a no-wake zone with approximately 3–4 feet of water depth, with navigation toward Weeks Bay and Mobile Bay. Front and rear covered porches, an expansive patio, and a large lawn support outdoor use. The tree-lined setting is minutes from Fairhope, Foley, and area beaches.
Located on Fish River in Summerdale, the property offers direct waterfront access through a private dock equipped with power and water, a covered boat lift, and an upper deck. The river is described as a no-wake zone with approximately 3–4 feet of water depth, with navigation toward Weeks Bay and Mobile Bay. Front and rear covered porches, an expansive patio, and a large lawn support outdoor use. The tree-lined setting is minutes from Fairhope, Foley, and area beaches.
Key Highlights
- 1,082‑square‑foot furnished short‑term rental property built in 1971
- Direct Fish River waterfront with private dock, power, water, covered boat lift, and upper deck
- Approximately 3–4 feet of water depth in a no‑wake zone
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
$8,819
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
8.82%
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%
$176,380
$176.4K
Cap Rate 7%
$125,986
$126.0K
Cap Rate 9%
$97,989
$98.0K
Market Conditions
NOI Build-Up for 1,082 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
$16.9K $15.60/SF
− Vacancy
−$844 −$0.78/SF
EGI
$16.0K $14.82/SF
− OpEx
−$7.2K −$6.67/SF
NOI
$8.8K $8.15/SF
Area
Baldwin County, AL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$176,380
Cap Rate 7%
$125,986
Cap Rate 9%
$97,989
Alternative Uses
Best Use
Apartment 5plus
$126.0K
$110.2K – $147.0K
NOI $8,819 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.2K
$227.7K – $303.6K
NOI $18,214 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 36580, AL
6,663
Population
2,932
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
79%
High-School Grad
52.6 sq mi
ZIP Area
127
Density / Sq Mi
$59,138
Median Household Income
$32,456
Median Earnings
$1,043
Median Rent
$238,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Turnkey furnished home with river access, private dock, covered boat lift, and outdoor gathering areas.
Where is this short term rental property located?
The property is located at 17595 River Road Summerdale, AL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 1,082‑square‑foot furnished short‑term rental property built in 1971; Direct Fish River waterfront with private dock, power, water, covered boat lift, and upper deck; Approximately 3–4 feet of water depth in a no‑wake zone
