Building Details

Buildings 2

Listing Agency: Wise Living Real Estate, LLC Show Phone

Listed By: Kiel Rubio · License #109408 Show Phone

Source: Moodyscre

Added: Sep 1 Changed: Oct 14 Last Checked: Oct 19 at 6:13AM

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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 Wise Living Real Estate, LLC

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Investment Insights

Based on property information with market context.

This flex-space property includes two separate buildings configured for office, automotive service, and workshop operations. The front building measures 40' x 75' and includes conditioned office and customer areas, three offices, a reception area, lobby, two bathrooms, a shower, and a breakroom. An attached 24' x 40' open bay provides 14' eave height, 16' center height, and a 12' x 12' roll-up door.

The 40' x 80' north building is a clear-span structure divided into four 20' x 40' bays. Each bay has a 10' x 10' roll-up door, compressed air service, and wiring for welding receptacles. The building also includes 400-amp single-phase service and an employee restroom; three-phase power is available on the road. Fiber internet is available on Couch Plant Road, while the property currently uses Brightspeed internet.

Key Highlights

• Two‑building flex‑space property with office, automotive service, and workshop functionality
• Front building measures 40' x 75' and is fully conditioned
• Attached 24' x 40' open bay with 14' eave height and 16' center height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,317

Cap Rate

9.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,446,340 $1.4M

Cap Rate 7%

$1,033,100 $1.0M

Cap Rate 9%

$803,522 $803.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,200 SF

Gross rent

$119.0K $19.20/SF

− Vacancy

−$22.6K −$3.65/SF

EGI

$96.4K $15.55/SF

− OpEx

−$24.1K −$3.89/SF

NOI

$72.3K $11.66/SF

Area

Baldwin County, AL

Vacancy

19.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,446,340

Cap Rate 7%

$1,033,100

Cap Rate 9%

$803,522

Alternative Uses

Best Use

Office B

$1.03M

$904.0K – $1.21M (±1% cap)

NOI $72,317 @ 7.0% cap · market cap 9.10%

Second Best

Retail

$953.1K

$833.9K – $1.11M (±1% cap)

NOI $66,714 @ 7.0% cap · market cap 8.39%

Theoretical Best

Office A

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,368 @ 7.0% cap · market cap 13.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Performance Auto Care Auto Repair Shop Harper and son towing ... Auto Repair Shop Kirkman Construction LLC Electrical Service

Suggested Use

Top Pick Electrical Service Building Supply Hair Salon Real Estate Agency Garden Center Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

53

Businesses Nearby

Well-served

Demand for This Use

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two-building commercial property combines conditioned office space with automotive service bays and workshop infrastructure.

Where is this flex space located?

The property is located at 18341 Couch Plant Rd Summerdale, AL.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Two‑building flex‑space property with office, automotive service, and workshop functionality; Front building measures 40' x 75' and is fully conditioned; Attached 24' x 40' open bay with 14' eave height and 16' center height