Flex Warehouse with
New
For Sale
Contact for pricing
22442 Doc Mcduffie Rd, Foley, AL 36535
Combined warehouse, office, and customer-facing showroom areas support varied business operations.
Property Size10,000 SF
Price / SF$98.90
Days on Market4
Property Features for 22442 Doc Mcduffie Rd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
kitchenette
Listing Agency:
Re/Max On the Coast
(251) 213-8504
Listed By:
Dusty Cole · License #1038801
(251) 213-8504
Source:
Moodyscre
Added: Aug 7
Changed: Aug 10
Last Checked: Aug 10 at 4:46AM
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 Re/Max On the Coast
Investment Insights
Based on property information with market context.
This 10,000± square-foot flex property combines a substantial warehouse with dedicated office and retail components. The warehouse provides room for storage, manufacturing, distribution, or light industrial activities. A separate office suite includes a kitchenette, while the showroom area accommodates product displays, customer visits, and walk-in sales.
The property is located near the Foley Beach Express, with access to Foley, Gulf Shores, Orange Beach, and the broader Baldwin County market. Its mix of industrial, administrative, and customer-facing areas creates a practical setting for businesses that need multiple functions within one commercial facility.
The property is located near the Foley Beach Express, with access to Foley, Gulf Shores, Orange Beach, and the broader Baldwin County market. Its mix of industrial, administrative, and customer-facing areas creates a practical setting for businesses that need multiple functions within one commercial facility.
Key Highlights
- 10,000± square feet of combined warehouse, office, and retail space
- Warehouse area supports storage, manufacturing, distribution, and light industrial activities
- Dedicated office suite includes a kitchenette
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
$63,118
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
6.38%
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%
$1,262,360
$1.3M
Cap Rate 7%
$901,686
$901.7K
Cap Rate 9%
$701,311
$701.3K
Market Conditions
NOI Build-Up for 10,000 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
$78.0K $7.80/SF
− Vacancy
−$3.7K −$0.37/SF
EGI
$74.3K $7.43/SF
− OpEx
−$11.1K −$1.11/SF
NOI
$63.1K $6.31/SF
Area
Baldwin County, AL
Vacancy
4.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$1,262,360
Cap Rate 7%
$901,686
Cap Rate 9%
$701,311
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 11.79%
Second Best
Retail
$1.54M
$1.35M – $1.79M
NOI $107,604 @ 7.0% cap · market cap 10.88%
Theoretical Best
Office A
$2.40M
$2.10M – $2.81M
NOI $168,336 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
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 - Combined warehouse, office, and customer-facing showroom areas support varied business operations.
Where is this flex space located?
The property is located at 22442 Doc Mcduffie Rd Foley, AL.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 10,000± square feet of combined warehouse, office, and retail space; Warehouse area supports storage, manufacturing, distribution, and light industrial activities; Dedicated office suite includes a kitchenette
