Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23479 Perdido Beach Blvd Orange Beach, AL 36561

    View on Map
    Picture of Restaurants at 23479 Perdido Beach Blvd, Orange Beach, AL
    For Sale
    $1,500,000

    3,625 SF Beach Bar and Restaurant For Sale

    Property size:
    3,625 SF
    Lot size:
    0.70 Acres
    Added:
    Feb 6, 2025
    Days on Market:
    436
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 23479 Perdido Beach Blvd

    General Information

    Standard status
    Active
    Property type
    Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
    Size
    3,625 SF
    Net Rentable
    3,625 SF
    Class
    B
    Elevators
    N/A
    Lot size
    0.70 Acres

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 6, 2025

    Overview

    Beachfront Restaurant with High Income Potential

    Located in Orange Beach, Alabama, this established restaurant and bar offers a prime beachfront location. The property features a 3,625 square foot building with 138 seats and ample parking. The site has 155 feet of frontage. Included in the sale is an additional adjacent lot to the west, bringing the total land area to 0.7 acres. The current lease, expiring December 31st, 2025, is below market value. The existing business has a strong income and loyal clientele. The business is available for purchase separately from the real estate. This turnkey operation is ready for immediate success, combining a desirable location with a proven track record. This property presents a chance to acquire a thriving coastal business and its accompanying real estate in a high-demand tourist destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Flying Harpoon 2 Bar & Pub

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hair Salon Auto Parts Store Grocery & Convenience Store Electrical Service Furniture & Home Goods Electronics & Wireless Store Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orange Beach
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6082
    Latitude
    30.2789

    Nearby Similar for Sale

    • $440,000

      Luxury RV Lot in Orange Beach

      Premium RV site with outdoor kitchen near Gulf beaches.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $1,150,000
      3,333 SF

      Single-Story Triplex in Coastal Community

      Spacious triplex with flexible living spaces and desirable community amenities.
      27523 Park Drive, Orange Beach, AL 36561-9999
      View Details
    • $399,000

      RV Lot with Tiki Hut

      Generously sized RV lot with tiki hut near resort amenities.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $530,000

      RV Lot with Gulf Views

      Premier RV lot with observation deck and outdoor kitchen.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $145,000

      Orinoco Cove Boat Slip

      20' x 50' boat slip with premium amenities.
      4688 Walker Avenue 3, Orange Beach, AL 36561
      View Details
    • $349,000

      RV Lot in Buena Vista Resort

      Corner lot with resort amenities near Orange Beach.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $335,000
      1,100 SF

      Prime Commercial Condo in Orange Beach

      Premium 1,100 SF commercial condo with high visibility.
      27250 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $370,000

      Upgraded RV Lot in Resort

      Luxurious RV lot with outdoor kitchen near amenities.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $1,900,000
      4,080 SF

      Orange Beach Commercial Property For Sale

      Well-maintained 4,080 SF commercial property on 1.37 acres.
      25472 Canal Road, Orange Beach, AL 36561
      View Details
    • $449,000

      Upgraded RV Lot in Orange Beach

      Newly upgraded RV lot with outdoor kitchen near amenities.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $335,000
      1,500 SF

      Retail/Office Condo Near Marina

      Retail or office condo with high visibility and traffic counts.
      27250 Perdido Beach Blvd, Orange Beach, AL
      View Details
    • $319,000

      RV Lot in Orange Beach

      Improved RV lot for sale in Orange Beach, Alabama.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details

    FAQs

    What type of property is this?
    Restaurant - 3,625 SF Beach Bar and Restaurant For Sale
    Where is this restaurant located?
    The property is located at 23479 Perdido Beach Blvd Orange Beach, AL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (850) 564-0120
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!