Office
For Sale
$548,900
24770 Perdido Beach Boulevard 100, Orange Beach, AL 36561
Central electric service is listed among the unit’s interior features.
Property Size1,923 SF
Days on Market188
Property Features for 24770 Perdido Beach Boulevard 100
General Information
Standard status
Active
Size
1,923 SF
Taxes and HOA fees
Annual Taxes
$2,584
Amenities
Electric, Central Air
Parking Lot
Building Details
Building Size
1,923 SF
Year Built
1994
Buildings
1
Stories
1
Listing Agency:
MarMac Real Estate Coastal
Listed By:
Gary Sparks · License #109232
(251) 979-2250
Source:
Evrealestate
Added: Apr 6
Changed: Oct 6
Last Checked: Oct 9 at 8:50PM
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 MarMac Real Estate Coastal
Investment Insights
Based on property information with market context.
This office unit is located at 24770 Perdido Beach Boulevard, Suite 100, in Orange Beach, Alabama. The property was built in 1994 and includes electric, central interior features.
Access is provided from Hwy 161 via Perdido Beach Boulevard, with Windward Point situated on the right after the Dollar General area and a U-turn at the nearby traffic light. The property is in Baldwin County.
Access is provided from Hwy 161 via Perdido Beach Boulevard, with Windward Point situated on the right after the Dollar General area and a U-turn at the nearby traffic light. The property is in Baldwin County.
Key Highlights
- 24770 Perdido Beach Boulevard, Suite 100, Orange Beach, AL 36561
- Built in 1994
- Electric, central interior features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,430
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,600
$448.6K
Cap Rate 7%
$320,429
$320.4K
Cap Rate 9%
$249,222
$249.2K
Market Conditions
NOI Build-Up for 1,923 SF
Gross rent
$36.9K $19.20/SF
− Vacancy
−$7.0K −$3.65/SF
EGI
$29.9K $15.55/SF
− OpEx
−$7.5K −$3.89/SF
NOI
$22.4K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,600
Cap Rate 7%
$320,429
Cap Rate 9%
$249,222
Alternative Uses
Best Use
Office B
$320.4K
$280.4K – $373.8K
NOI $22,430 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.4K
$404.6K – $539.5K
NOI $32,371 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 36561, AL
9,146
Population
16,184
Households
0.6
Avg Household Size
52
Median Age
41%
College-Educated
98%
High-School Grad
16.7 sq mi
ZIP Area
548
Density / Sq Mi
$89,432
Median Household Income
$48,771
Median Earnings
$1,346
Median Rent
$529,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Central electric service is listed among the unit’s interior features.
Where is this office units located?
The property is located at 24770 Perdido Beach Boulevard 100 Orange Beach, AL.
What is the asking price?
The asking price for this property is $548,900.
What are key features of this property?
This property features: 24770 Perdido Beach Boulevard, Suite 100, Orange Beach, AL 36561; Built in 1994; Electric, central interior features
