Commercial Land with Site
For Sale
$299,000
21076 Country Road 36, Summerdale, AL 36580
LAND - Summerdale, AL
Property Size2,094 SF
Lot Size5.34 Acres
Price / SF$142.79
Days on Market161
Property Features for 21076 Country Road 36
General Information
Property type
Land
Property subtype
Other
Zoning
Unzoned
Lot features
Corner Lot, Land, Some Trees
Elementary school
Summerdale School
Middle school
Summerdale School
High school
Elberta High School
Directions
From the intersection of Baldwin Beach Express and Foley Beach Express, head north past County Road 32 and County Road 34. Theproperty will be located on your right.
Subdivision
Baldwin
Standard status
Active
APN
48-08-27-0-000-004.004
Lot size
5.34 Acres
Taxes and HOA fees
Tax Description
200 X 653.4 Com At The Nw Cor Sec 27 Run S 40 To S R W Co Rd 83, Th E 342.68 For The Pob, Th E 200, Th S 653.4, Th W 200, Th N 653.4 To The Pob Containing 3 Acres Sec 27-T6 S-R4e (Clk D)
Tax Annual Amount
399
Legal Description
200 X 653.4 Com At The Nw Cor Sec 27 Run S 40 To S R W Co Rd 83, Th E 342.68 For The Pob, Th E 200, Th S 653.4, Th W 200, Th N 653.4 To The Pob Containing 3 Acres Sec 27-T6 S-R4e (Clk D)
Utilities
Water front features
Waterfront
Listing Agency:
SimpliHOM Alabama -Huntsville LLC
(251) 424-5395
Listed By:
Tim Lower · License #112710-1
(251) 424-5395
Added: Feb 28
Changed: Aug 4
Last Checked: Aug 8 at 2:06PM
MLS# 392611
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.
The property is a 5.34-acre commercial land parcel with a 1998 manufactured home on site (approximately 2,094 sq ft) and utilities already connected. The home can be used for immediate occupancy or as on-site housing while developing a future build. It may also be removed to support a new build on an established homesite with water, electric, and septic already in place. Wetland delineation has been completed, identifying approximately 2.16 acres of buildable upland along the road-facing portion and 3.17 acres of wetland in the southern portion. FEMA Zone X is noted for minimal flood risk.
Located on the southeast corner of Baldwin Beach Express and County Road 36 in Summerdale, the site benefits from traffic counts of 19,800 vehicles per day passing the corner, with traffic reported up 44% since tolls were removed in 2024. Turn lanes are already built on County Road 36. The property is not currently zoned, and the City of Summerdale has confirmed that commercial development is allowed with standard permit applications. Pre-approved conceptual site plans are available for a gas station and convenience store.
Because the conceptual development is documented and permitted through standard applications, the site is well suited for an operator looking to pursue retail fuel and convenience uses. For buyers who want flexibility, the manufactured home provides potential income or occupancy from day one while holding the land for redevelopment. Due diligence is required, and supporting documents including wetland reporting, site plans, survey, and engineering materials are available upon request.
Located on the southeast corner of Baldwin Beach Express and County Road 36 in Summerdale, the site benefits from traffic counts of 19,800 vehicles per day passing the corner, with traffic reported up 44% since tolls were removed in 2024. Turn lanes are already built on County Road 36. The property is not currently zoned, and the City of Summerdale has confirmed that commercial development is allowed with standard permit applications. Pre-approved conceptual site plans are available for a gas station and convenience store.
Because the conceptual development is documented and permitted through standard applications, the site is well suited for an operator looking to pursue retail fuel and convenience uses. For buyers who want flexibility, the manufactured home provides potential income or occupancy from day one while holding the land for redevelopment. Due diligence is required, and supporting documents including wetland reporting, site plans, survey, and engineering materials are available upon request.
Key Highlights
- 5.34‑acre tract on the SE corner of Baldwin Beach Express and County Road 36 in Summerdale
- 1998 manufactured home on site with approximately 2,094 SF; utilities connected
- City of Summerdale pre‑approved conceptual site plans available for a gas station and convenience store
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
$25,209
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
8.43%
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%
$504,180
$504.2K
Cap Rate 7%
$360,129
$360.1K
Cap Rate 9%
$280,100
$280.1K
Market Conditions
NOI Build-Up for 2,094 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
$35.7K $17.04/SF
− Vacancy
−$2.1K −$0.99/SF
EGI
$33.6K $16.05/SF
− OpEx
−$8.4K −$4.01/SF
NOI
$25.2K $12.04/SF
Area
Baldwin County, AL
Vacancy
5.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$504,180
Cap Rate 7%
$360,129
Cap Rate 9%
$280,100
Alternative Uses
Best Use
Specialty Retail
$360.1K
$315.1K – $420.2K
NOI $25,209 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$321.9K
$281.7K – $375.5K
NOI $22,532 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$503.6K
$440.6K – $587.5K
NOI $35,250 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,800 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
3,839 visits/mo
0.5 miles
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 Retail 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?
Commercial land - Corner commercial tract includes an income-producing manufactured home and preapproved concepts for a gas station and convenience store.
Where is this commercial land located?
The property is located at 21076 Country Road 36 Summerdale, AL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 5.34‑acre tract on the SE corner of Baldwin Beach Express and County Road 36 in Summerdale; 1998 manufactured home on site with approximately 2,094 SF; utilities connected; City of Summerdale pre‑approved conceptual site plans available for a gas station and convenience store
