Leased Marina Retail Condominium
For Sale
$1,675,000
27267 Perdido Beach Boulevard, Orange Beach, AL 36561
SINGLE_FAMILY - Orange Beach, AL
Property Size5,900 SF
Lot Size3.00 Acres
Price / SF$283.90
Days on Market150
Property Features for 27267 Perdido Beach Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
OtherSeeRemarks
Lot features
Inside Lot, Commercial Park
Directions
From Gulf Shores, travel east on Perdido Beach Boulevard for approximately 8 miles, and from the Florida state line, travel west on AL-182 for about 2.7 miles. SanRoc Cay is located on the north side of the boulevard and is easily recognizable by the iconic Silver Sailfish statue.
Subdivision
Baldwin
Standard status
Active
APN
65-02-10-0-000-069.000.905
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
UNIT B2 SANROC CAY CONDO IN THE CITY OF ORANGE BEACH SEC 10- T9S-R5E (WD)
Tax Annual Amount
5435
Legal Description
UNIT B2 SANROC CAY CONDO IN THE CITY OF ORANGE BEACH SEC 10- T9S-R5E (WD)
Utilities
Heating system
Central, Electric (Heating)
Water front
1
Amenities
courtyard
direct access to marina
Building Details
Year built
1998
Floors in Building
1
Number of units
5
Flooring type
Wood, Concrete, Laminate
Listing Agency:
Dolphin Cove Realty LLC
(251) 228-0633
Listed By:
Mitch Holliman · License #75009-1
(251) 979-8155
Added: Mar 7
Changed: Aug 4
Last Checked: Aug 4 at 2:06PM
MLS# 393029
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail condominium package comprises two units containing five suites and approximately 5,900 square feet of space. The property is fully leased and features wood, concrete, and laminate flooring, with central and electric heating. Built in 1998, the offering supports a multi-tenant retail configuration within SanRoc Cay Marina.
The development is a designated Waterfront Entertainment District on Perdido Beach Boulevard in Orange Beach. Shops and restaurants occupy the ground level, with office and residential condominiums above. The setting includes surface and underground parking, direct marina access, and nearby dining, salon, bar, boutique, and specialty retail businesses. Marina activity includes charter fishing, dolphin cruises, and boating-related services.
The property sits on approximately 3 acres and may be acquired as either Unit 1 or Unit 2 separately. The central courtyard hosts live music events and includes the Silver Sailfish statue, identified as a local landmark and photo spot.
The development is a designated Waterfront Entertainment District on Perdido Beach Boulevard in Orange Beach. Shops and restaurants occupy the ground level, with office and residential condominiums above. The setting includes surface and underground parking, direct marina access, and nearby dining, salon, bar, boutique, and specialty retail businesses. Marina activity includes charter fishing, dolphin cruises, and boating-related services.
The property sits on approximately 3 acres and may be acquired as either Unit 1 or Unit 2 separately. The central courtyard hosts live music events and includes the Silver Sailfish statue, identified as a local landmark and photo spot.
Key Highlights
- Fully leased retail condominium package with two units and five suites
- Approximately 5,900 square feet of retail space
- Located within SanRoc Cay Marina’s designated Waterfront Entertainment District
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 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,318 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
344
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Five-suite retail condominium offering with established occupancy in a marina-centered waterfront entertainment district.
Where is this retail space located?
The property is located at 27267 Perdido Beach Boulevard Orange Beach, AL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Fully leased retail condominium package with two units and five suites; Approximately 5,900 square feet of retail space; Located within SanRoc Cay Marina’s designated Waterfront Entertainment District
