Leased Marina Retail
27267 Perdido Beach Boulevard, Orange Beach, AL 36561
For Sale
$519,000
Commercial Sale, Orange Beach, AL
Property Size1,900 SF
Lot Size3.00 Acres
Price / SF$273.16
Days on Market438
Property Features for 27267 Perdido Beach Boulevard
General Information
Property type
Property subtype
Zoning
Parking features
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water front
Amenities
surface and underground parking
direct access to the marina
courtyard
live music events
Tipsy Pelican bar
Silver Sailfish statue
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
Dolphin Cove Realty LLC
(251) 979-8155
Listed By:
Mitch Holliman · License #75009-1
(251) 228-0633
Added: Aug 29, 2025
Changed: Nov 5
Last Checked: Nov 9 at 6:06AM
MLS# 384480
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.
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Investment Insights
Based on property information with market context.
This retail condominium offering comprises two suites at SanRoc Cay Marina, with approximately 1,900 square feet combined. Suite C4 contains 1,600 square feet and is occupied by fashion retailer Wonder 251; Suite 108 has 300 square feet and is leased to Daxx Gift Boutique. Both spaces are leased to retail businesses, and the property is offered as Parcel 2, PPIN 362745.
SanRoc Cay is a mixed-use marina destination on Perdido Beach Boulevard in Orange Beach, within a designated Waterfront Entertainment District. Its ground-level retail and dining spaces sit below office and residential condominiums. Restaurants and other businesses in the development include Louisiana Lagniappe, Pelican Grill, Pizza at the Pass, Serenity at the Beach Salon & Spa, and the Tipsy Pelican. The marina provides access to charter fishing and dolphin cruise boats, and the Reel Surprise Dock Store offers fuel, bait, ice, and boating supplies. Parking includes surface and underground areas.
SanRoc Cay is a mixed-use marina destination on Perdido Beach Boulevard in Orange Beach, within a designated Waterfront Entertainment District. Its ground-level retail and dining spaces sit below office and residential condominiums. Restaurants and other businesses in the development include Louisiana Lagniappe, Pelican Grill, Pizza at the Pass, Serenity at the Beach Salon & Spa, and the Tipsy Pelican. The marina provides access to charter fishing and dolphin cruise boats, and the Reel Surprise Dock Store offers fuel, bait, ice, and boating supplies. Parking includes surface and underground areas.
Key Highlights
- Two retail condominium suites with approximately 1,900 square feet combined
- Suite C4: 1,600 sqft; leased to fashion retailer Wonder 251
- Suite 108: 300 sqft; leased to Daxx Gift Boutique
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,445
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,900
$408.9K
Cap Rate 7%
$292,071
$292.1K
Cap Rate 9%
$227,167
$227.2K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$31.9K $16.80/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$29.2K $15.37/SF
− OpEx
−$8.8K −$4.61/SF
NOI
$20.4K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,900
Cap Rate 7%
$292,071
Cap Rate 9%
$227,167
Alternative Uses
Best Use
Retail
$292.1K
$255.6K – $340.8K
NOI $20,445 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.9K
$399.8K – $533.1K
NOI $31,984 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
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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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Market
Properties on Market for Retail space in Baldwin County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two occupied units house boutique retailers within SanRoc Cay Marina’s waterfront commercial 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 $519,000.
What are key features of this property?
This property features: Two retail condominium suites with approximately 1,900 square feet combined; Suite C4: 1,600 sqft; leased to fashion retailer Wonder 251; Suite 108: 300 sqft; leased to Daxx Gift Boutique
