Add Listing
    For Lease
    • 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

    241 E 20 Ave Gulf Shores, AL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail development in Gulf Shores, completion Fall 2025.

    Type:RETAIL
    Property size:
    1,750 SF
    Lot size:
    0.98 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 29 at 10:15 pm

    Property Features for 241 E 20 Ave

    General Information

    Standard status
    Active
    Size
    1,750 SF
    Lot size
    0.98 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Alla Nikitina
    Alla Nikitina

    Listing agent Alla Nikitina License #108869

    Listing office Ryals Realty

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Ryals Realty

    Overview

    New Retail Suites Available

    Uptown Corner offers two commercial suites, Suite A and Suite C, available for pre-lease in a new retail development currently under construction in Gulf Shores, Alabama. Suite B lease is pending. The project is targeted for completion in Fall 2025 and features three 1,750 square feet units (30' x 59'), totaling 5,250 square feet. Each available suite will be delivered in shell condition, providing tenants with a customizable space. Suite A includes a drive-through configuration, making it suitable for quick-service or specialty retail concepts. The plaza is located next to Gulf Shores City Schools, benefiting from consistent foot and vehicle traffic from both tourism and the local community, including students, parents, and school staff, making it attractive for service-oriented businesses. Positioned on East 20th Avenue, the site sees approximately 14,645 vehicles daily (per 2022 traffic study). The City of Gulf Shores is actively working on infrastructure upgrades in the surrounding Waterway District, including road widening, side parking, new roundabouts, and the Waterway Village Pedestrian Bridge, which will provide walkable access to the site, further enhancing visibility and convenience for tenants and their customers.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6843
    Latitude
    30.273

    Nearby Similar for Lease

    • Contact for pricing

      Gulf Shores Office Space Available

      Corner office suite in established Gulf Shores business park for lease.
      1544 W 2nd Street, Gulf Shores, AL 36542
      View Details
    • $19/mo

      Retail Showroom in Prime Location

      High-end retail showroom space available for lease in Gulf Shores.
      3769 Gulf Shores Pkwy, Gulf Shores, AL
      View Details
    • $20/mo

      Class A Office Space Rental

      Class A office space available in Gulf Shores, Alabama.
      1585 Gulf Shores Pkwy, Gulf Shores, AL
      View Details
    • Contact for pricing

      200 - 1,000 SF Affordable Office Space Available FOR LEASE in Gulf Shores (Suite 3)

      Exceptional office space in Gulf Shores, Alabama, with flexible lease options.
      2033 West 1st Street, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      500 SF Office For Lease - Plaza 59 Office Complex (Floor 2, Suite 205)

      500 sq ft office space in prime Gulf Shores location.
      1229 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      1,250 SF Office For Lease - 2001 W 1st St. Suite A

      Renovated 1,250 SF office space near city complex.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      1,250 SF Office For Lease - 2001 W 1st St. Suite C

      Renovated 1,250 SF office space near municipal complex.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      3,000 SF Gulf Shores Office Space For Lease! (Suite C)

      3,000 sq ft office space in Gulf Shores, AL.
      901 Commerce Dr, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      54 SF Office Space for Lease Gulf Shores (Suite E)

      54 sq ft office space with shared amenities.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      87 SF Office Space for Lease Gulf Shores (Suite C)

      87 sq ft office space with shared amenities in Gulf Shores.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • Contact for pricing

      87 SF Office Space for Lease Gulf Shores (Suite F)

      87 sq ft office with shared amenities in Gulf Shores.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • $32/mo

      2,050 SF Office For Lease - Prime Location .25 mile from Beach

      Prime Gulf Shores office space for lease near the beach.
      613 GULF SHORES PKWY, Gulf Shores, AL 36542
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail development in Gulf Shores, completion Fall 2025.
    Where is this retail space located?
    The property is located at 241 E 20 Ave Gulf Shores, AL.
    What are key features of this property?
    This property features: High traffic location with 14,645 vehicles daily, next to Gulf Shores City Schools.; New retail development targeted for Fall 2025, featuring modern construction.; Suite A features a drive‑through configuration.
    (251) 978-5263
    We can help!
    Listing Contact
    Alla Nikitina
    Alla Nikitina
    Real Estate License ID: 108869
    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!