Leased Retail Condo with Salon &
27267 Perdido Beach Boulevard Orange Beach, AL 36561
27267 Perdido Beach Boulevard, Orange Beach, AL, 36561
$1,163,620
For Sale
$1,163,620
Fully leased retail condo features reception, multiple private rooms, service areas, and private restrooms within a marina retail district.
Property Size3,188 SF
Price / SF$365
Days on Market135
Property Features for 27267 Perdido Beach Boulevard
General Information
- Standard status
- Active
- Size
- 3,188 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1998
Listing agency
Dolphin Cove Realty LLC
(251) 979-8155
Listed by
Mitch Holliman · License #75009
(251) 979-8155
Source
Exitrealty
Added: Mar 8 Updated: Jul 21 at 1:37AM Checked: Jul 21 at 5:05AM
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 fully leased retail condominium is located within the SanRoc Cay Marina waterfront retail and entertainment district. The suite is designed for a service-oriented operation and includes reception and retail display space, a waiting lounge, multiple private rooms, service areas, and private restroom facilities.
SanRoc Cay Marina is a mixed-use destination directly on Perdido Beach Boulevard near Perdido Pass, with retail shops, restaurants, offices, and residential condominiums above. The marina environment supports ongoing pedestrian activity connected to charter fishing operations, dolphin cruises, and marina dining options, along with parking for visitors.
The property is currently occupied by Serenity at the Beach Salon & Spa, and the available information indicates the suite totals approximately 3,188 square feet. Buyer to verify all information during due diligence.
SanRoc Cay Marina is a mixed-use destination directly on Perdido Beach Boulevard near Perdido Pass, with retail shops, restaurants, offices, and residential condominiums above. The marina environment supports ongoing pedestrian activity connected to charter fishing operations, dolphin cruises, and marina dining options, along with parking for visitors.
The property is currently occupied by Serenity at the Beach Salon & Spa, and the available information indicates the suite totals approximately 3,188 square feet. Buyer to verify all information during due diligence.
Key Highlights
- Year built 1998
- Fully leased retail condo at SanRoc Cay Marina, occupied by Serenity at the Beach Salon & Spa
- Approx. 3,188 SF suite with reception, retail display space, waiting lounge, and multiple private rooms
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 | $53.6k | $16.80 |
| − Vacancy | −$4.6k | −$1.43 |
| EGI | $49.0k | $15.37 |
| − OpEx | −$14.7k | −$4.61 |
| NOI | $34.3k | $10.76 |
3,188 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$490.1K
$428.8K – $571.7K
NOI $34,304 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.7K
$670.8K – $894.4K
NOI $53,666 @ 7.0% cap · market cap 4.61%
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?
Spa & wellness property - Fully leased retail condo features reception, multiple private rooms, service areas, and private restrooms within a marina retail district.
Where is this spa & wellness property 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 $1,163,620.
What are key features of this property?
This property features: Year built 1998; Fully leased retail condo at SanRoc Cay Marina, occupied by Serenity at the Beach Salon & Spa; Approx. 3,188 SF suite with reception, retail display space, waiting lounge, and multiple private rooms
