Flex Space with Drive-In
For Sale
Contact for pricing
22886 US-98, Fairhope, AL 36532
Office, showroom, and warehouse areas support flexible commercial use.
Property Size6,116 SF
Price / SF$138.98
Days on Market50
Property Features for 22886 US-98
General Information
Standard status
Active
Size
6,116 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
3,888 SF
Office Build-Out
2,229 SF
Mezzanine
170 SF
Drive-In Doors
3
Building Details
Buildings
1
Building Size
6,116 SF
Listing Agency:
Stoic Realty Partners
(251) 929-4757
Listed By:
Jeremy Friedman · License #000103840
(251) 747-9111
Source:
Moodyscre
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 2:46PM
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 Stoic Realty Partners
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Investment Insights
Based on property information with market context.
This ±6,116-square-foot flex property combines office, showroom, and warehouse areas within a configurable commercial building. Three drive-in doors and 16-foot clear heights support a range of operational layouts, including office, service, distribution, and light-industrial uses.
The property fronts U.S. Highway 98 in Fairhope, with exposure to approximately 35,000 vehicles per day. It is approximately 0.9 miles from County Road 104 and 6.9 miles from Interstate 10, providing access to Fairhope, Daphne, Spanish Fort, Mobile, and the broader Baldwin County market. The property address is 22886 US-98, Fairhope, AL 36532.
The property fronts U.S. Highway 98 in Fairhope, with exposure to approximately 35,000 vehicles per day. It is approximately 0.9 miles from County Road 104 and 6.9 miles from Interstate 10, providing access to Fairhope, Daphne, Spanish Fort, Mobile, and the broader Baldwin County market. The property address is 22886 US-98, Fairhope, AL 36532.
Key Highlights
- ±6,116‑square‑foot flex property
- Three drive‑in doors
- 16‑foot clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,603
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,060
$772.1K
Cap Rate 7%
$551,471
$551.5K
Cap Rate 9%
$428,922
$428.9K
Market Conditions
NOI Build-Up for 6,116 SF
Gross rent
$47.7K $7.80/SF
− Vacancy
−$2.3K −$0.37/SF
EGI
$45.4K $7.43/SF
− OpEx
−$6.8K −$1.11/SF
NOI
$38.6K $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 Rate 5%
$772,060
Cap Rate 7%
$551,471
Cap Rate 9%
$428,922
Alternative Uses
Best Use
Warehouse
$551.5K
$482.5K – $643.4K
NOI $38,603 @ 7.0% cap · market cap 4.54%
Second Best
Flex RnD
$517.6K
$452.9K – $603.8K
NOI $36,229 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,954 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36532, AL
36,918
Population
17,502
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
504
Density / Sq Mi
$86,026
Median Household Income
$46,129
Median Earnings
$1,374
Median Rent
$395,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, and warehouse areas support flexible commercial use.
Where is this flex space located?
The property is located at 22886 US-98 Fairhope, AL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: ±6,116‑square‑foot flex property; Three drive‑in doors; 16‑foot clear heights
