Fully Leased Retail Condo
27267 Perdido Beach Blvd Orange Beach, AL 36561
27267 Perdido Beach Blvd, Orange Beach, AL, 36561
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For Sale
Contact for pricing
Fully leased retail condominium package with five-suite units available individually within a marina entertainment setting.
Property Size5,900 SF
Price / SF$320.17
Days on Market136
Property Features for 27267 Perdido Beach Blvd
General Information
- Standard status
- Active
- Size
- 5,900 SF
- Property subtype
- RETAIL
Listing agency
Dolphin Cove Realty LLC
(251) 979-8155
Listed by
Mitch Holliman · License #75009
(251) 979-8155
Source
Moodyscre
Added: Mar 8 Updated: Jul 22 at 11:33AM Checked: Jul 22 at 11:33AM
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 Dolphin Cove Realty LLC
Investment Insights
Based on property information with market context.
This offering is a fully leased retail condominium package within SanRoc Cay Marina, designed as a multi-tenant retail configuration. The package includes two units of five suites, totaling approximately 5,900 square feet, and buyers may also purchase Unit 1 or Unit 2 separately. For marketing and due diligence, property virtual tour links are provided in the attached PDF.
SanRoc Cay Marina is a mixed-use destination along Perdido Beach Boulevard, with ground-level shops and restaurants and office and residential condominiums above. The marina provides direct access to the waterfront and supports ongoing activity tied to charter fishing and dolphin cruises, along with a dock store offering boating necessities.
The retail setting includes ample surface and underground parking and features a central courtyard used as a gathering area. The surrounding tenant mix noted in the remarks includes dining and service businesses such as Louisiana Lagniappe, Pelican Grill, Pizza at the Pass, Serenity at the Beach Salon & Spa, and the Tipsy Pelican outdoor bar, with nearby waterfront attractions also referenced in the development description.
SanRoc Cay Marina is a mixed-use destination along Perdido Beach Boulevard, with ground-level shops and restaurants and office and residential condominiums above. The marina provides direct access to the waterfront and supports ongoing activity tied to charter fishing and dolphin cruises, along with a dock store offering boating necessities.
The retail setting includes ample surface and underground parking and features a central courtyard used as a gathering area. The surrounding tenant mix noted in the remarks includes dining and service businesses such as Louisiana Lagniappe, Pelican Grill, Pizza at the Pass, Serenity at the Beach Salon & Spa, and the Tipsy Pelican outdoor bar, with nearby waterfront attractions also referenced in the development description.
Key Highlights
- Fully leased retail condominium package within SanRoc Cay Marina in Orange Beach, AL
- Two retail condominium units totaling approximately 5,900 SF, with five suites across the two units
- Buyers may purchase Unit 1 or Unit 2 separately
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.1k | $16.80 |
| − Vacancy | −$8.4k | −$1.43 |
| EGI | $90.7k | $15.37 |
| − OpEx | −$27.2k | −$4.61 |
| NOI | $63.5k | $10.76 |
5,900 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$906.9K
$793.6K – $1.06M
NOI $63,486 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,318 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Beauty And The Beach Boutique
Clothing & Fashion Store
Blue Lagoon LLC
Swimwear Store
Summer Hunter Fishing ...
Tour Operator
Fishin Magician Charters
Tour Operator
Wonder 251
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Fully leased retail condominium package with five-suite units available individually within a marina entertainment setting.
Where is this retail space located?
The property is located at 27267 Perdido Beach Blvd Orange Beach, AL.
What is the asking price?
The asking price for this property is $1,889,000.
What are key features of this property?
This property features: Fully leased retail condominium package within SanRoc Cay Marina in Orange Beach, AL; Two retail condominium units totaling approximately 5,900 SF, with five suites across the two units; Buyers may purchase Unit 1 or Unit 2 separately
