Renovated Mixed-Use
New
For Sale
$1,300,000
22545 State Highway 59, Robertsdale, AL 36567
Three spaces combine retail, warehouse, and office or residential configuration beneath one roof.
Property Size8,257 SF
Price / SF$157.44
Days on Market6
Property Features for 22545 State Highway 59
General Information
Standard status
Active
Size
8,257 SF
Property subtype
Commercial
Building Details
Year Built
1925
Year Renovated
2018
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Inshore Realty LLC
Listed By:
Angela Sherrer · License #81895
(251) 747-8001
Source:
Gulfcoasthomelistings
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 12 at 7:56PM
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 Inshore Realty LLC
Investment Insights
Based on property information with market context.
Built in 1925, this 8,257-square-foot mixed-use property contains three spaces. The ground floor includes an occupied retail unit and a vacant warehouse area; upstairs, an occupied law office is arranged in a former three-bedroom, two-bath apartment configuration. Existing leases are to remain in place. The downstairs received new electrical, plumbing, HVAC, drywall, windows, and restrooms in 2017. Upstairs renovations in 2018 included HVAC, insulation, plumbing, electrical and gas work, bathrooms, and a redesigned kitchen. Original hardwood floors were refinished, and exposed brick was resealed.
Additional work includes new tubs and light fixtures in 2020, hurricane shutters in 2021, an upstairs ceiling, attic insulation, and a roof in 2022, and separate upstairs and downstairs electrical in 2024. In 2025, warehouse windows were enclosed, insulated, and painted, and the office received a new AC unit. The property is located on State Highway 59 in Robertsdale, Alabama.
Additional work includes new tubs and light fixtures in 2020, hurricane shutters in 2021, an upstairs ceiling, attic insulation, and a roof in 2022, and separate upstairs and downstairs electrical in 2024. In 2025, warehouse windows were enclosed, insulated, and painted, and the office received a new AC unit. The property is located on State Highway 59 in Robertsdale, Alabama.
Key Highlights
- 8,257‑square‑foot mixed‑use property with three spaces under one roof
- Ground floor includes an occupied retail unit and vacant warehouse space
- Upstairs law office is configured as a former three‑bedroom, two‑bath apartment; occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,849
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,980
$1.8M
Cap Rate 7%
$1,269,271
$1.3M
Cap Rate 9%
$987,211
$987.2K
Market Conditions
NOI Build-Up for 8,257 SF
Gross rent
$138.7K $16.80/SF
− Vacancy
−$11.8K −$1.43/SF
EGI
$126.9K $15.37/SF
− OpEx
−$38.1K −$4.61/SF
NOI
$88.8K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,980
Cap Rate 7%
$1,269,271
Cap Rate 9%
$987,211
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,849 @ 7.0% cap · market cap 6.83%
Second Best
Mixed Use
$1.09M
$956.2K – $1.27M
NOI $76,496 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $138,995 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 36567, AL
14,620
Population
6,054
Households
2.4
Avg Household Size
39
Median Age
17%
College-Educated
86%
High-School Grad
228.7 sq mi
ZIP Area
64
Density / Sq Mi
$59,763
Median Household Income
$40,276
Median Earnings
$943
Median Rent
$220,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three spaces combine retail, warehouse, and office or residential configuration beneath one roof.
Where is this mixed-use property located?
The property is located at 22545 State Highway 59 Robertsdale, AL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8,257‑square‑foot mixed‑use property with three spaces under one roof; Ground floor includes an occupied retail unit and vacant warehouse space; Upstairs law office is configured as a former three‑bedroom, two‑bath apartment; occupied
