Corner Retail and Patio
22492 Milwaukee St Robertsdale, AL 36567
For Sale
Contact for pricing
Corner property with inside retail/showroom space, covered area, and an open patio, zoned for multi-use.
Property Size4,000 SF
Lot Size0.32 Acres
Price / SF$137.50
Days on Market38
Property Features for 22492 Milwaukee St
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.32 Acres
Property subtype
RETAIL
Listing Agency:
Omega Properties
(251) 432-1287
Listed By:
Sharon Wright · License #000048138
Source:
Moodyscre
Added: Jun 22
Changed: Jul 25
Last Checked: Jul 29 at 2:34PM
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 Omega Properties
Investment Insights
Based on property information with market context.
This corner commercial property includes approximately 4,000 SF of inside retail, showroom, or multi-use space, plus approximately 5,000 SF of covered space. An additional approximately 3,000 SF open patio provides outdoor area for a variety of on-site operations.
The property is located on busy Hwy. 59 near the city park, with zoning in the Multi-Use District that allows partial residential use. It includes PPIN 50035 & 1791 for approximately 0.32 acres total.
The configuration supports multiple business layouts and uses, whether operating primarily as indoor retail/showroom space or incorporating the covered and patio areas into day-to-day activity.
The property is located on busy Hwy. 59 near the city park, with zoning in the Multi-Use District that allows partial residential use. It includes PPIN 50035 & 1791 for approximately 0.32 acres total.
The configuration supports multiple business layouts and uses, whether operating primarily as indoor retail/showroom space or incorporating the covered and patio areas into day-to-day activity.
Key Highlights
- Corner property on busy Hwy. 59 near the City park
- +/- 4,000 SF inside retail/showroom/multi‑use space
- +/- 5,000 SF covered space
Financial Insights For Retail
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 | $67.2k | $16.80 |
| − Vacancy | −$5.7k | −$1.43 |
| EGI | $61.5k | $15.37 |
| − OpEx | −$18.4k | −$4.61 |
| NOI | $43.0k | $10.76 |
4,000 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$614.9K
$538.0K – $717.4K
NOI $43,042 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$961.9K
$841.7K – $1.12M
NOI $67,334 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Corner property with inside retail/showroom space, covered area, and an open patio, zoned for multi-use.
Where is this retail space located?
The property is located at 22492 Milwaukee St Robertsdale, 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: Corner property on busy Hwy. 59 near the City park; +/- 4,000 SF inside retail/showroom/multi‑use space; +/- 5,000 SF covered space
