Fully Occupied Retail Strip
22853 State Highway 59 S, Robertsdale, AL 36567
For Sale
New
$499,000
The stabilized center is positioned along State Highway 59 in Robertsdale.
Property Size3,870 SF
Price / SF$128.94
Days on Market7
Property Features for 22853 State Highway 59 S
General Information
Standard status
Size
Occupancy
Financials
Asking Price
Cap Rate
Additional Details
Highway Access
Tenant in Place
Building Details
Tenancy
Listing Agency:
Crye Leike Gulf Coast Real Est
(251) 405-2608
Listed By:
Rob C Smith · License #135542
(251) 979-1052
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 12:36PM
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 Crye Leike Gulf Coast Real Est
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,870-square-foot retail strip center is fully occupied and described as a stabilized income-producing property. The existing occupancy and stated 7% cap rate provide concrete operating context for the asset.
The property fronts State Highway 59 in Robertsdale, with 150 feet of highway frontage.
The property fronts State Highway 59 in Robertsdale, with 150 feet of highway frontage.
Key Highlights
- Fully occupied retail strip center
- 3,870 square feet
- 150 feet of frontage on State Highway 59 in Robertsdale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,643
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,860
$832.9K
Cap Rate 7%
$594,900
$594.9K
Cap Rate 9%
$462,700
$462.7K
Market Conditions
NOI Build-Up for 3,870 SF
Gross rent
$65.0K $16.80/SF
− Vacancy
−$5.5K −$1.43/SF
EGI
$59.5K $15.37/SF
− OpEx
−$17.8K −$4.61/SF
NOI
$41.6K $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%
$832,860
Cap Rate 7%
$594,900
Cap Rate 9%
$462,700
Alternative Uses
Best Use
Retail
$594.9K
$520.5K – $694.1K
NOI $41,643 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.7K
$814.3K – $1.09M
NOI $65,146 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Shops & Services 12%
Pizza Hut
Dining
2,298 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
306 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The stabilized center is positioned along State Highway 59 in Robertsdale.
Where is this strip mall located?
The property is located at 22853 State Highway 59 S Robertsdale, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully occupied retail strip center; 3,870 square feet; 150 feet of frontage on State Highway 59 in Robertsdale
