Multi-Tenant Marina Retail
For Sale
$1,675,000
27267 Perdido Beach Boulevard, Orange Beach, AL 36561
Commercial Sale, Orange Beach, AL
Property Size5,900 SF
Lot Size3.00 Acres
Price / SF$283.90
Days on Market242
Property Features for 27267 Perdido Beach Boulevard
General Information
Property type
Commercial Sale
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
Additional Details
Tenant in Place
Yes
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
Electric (Heating), Central
Water front
1
Amenities
surface and underground parking
direct access to the marina
courtyard
Building Details
Year built
1998
Floors in Building
1
Number of units
5
Flooring type
Laminate, Concrete, Wood
Listing Agency:
Dolphin Cove Realty LLC
(251) 228-0633
Listed By:
Mitch Holliman · License #75009-1
(251) 979-8155
Added: Mar 7
Changed: Oct 27
Last Checked: Nov 3 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This retail condominium offering comprises two units containing five suites, with approximately 5,900 square feet in total. The spaces are fully leased, and the property dates to 1998. The units may also be purchased separately.
SanRoc Cay Marina is located on Perdido Beach Boulevard in Orange Beach, within a designated Waterfront Entertainment District. The mixed-use development combines ground-floor retail and dining with office and residential condominiums. Marina operations include charter fishing boats and dolphin cruises; the Reel Surprise Dock Store sells boating necessities. Restaurants and shops in the development include Louisiana Lagniappe, Pelican Grill, Pizza at the Pass, and resort-wear and specialty retailers. A central courtyard hosts live music events.
SanRoc Cay Marina is located on Perdido Beach Boulevard in Orange Beach, within a designated Waterfront Entertainment District. The mixed-use development combines ground-floor retail and dining with office and residential condominiums. Marina operations include charter fishing boats and dolphin cruises; the Reel Surprise Dock Store sells boating necessities. Restaurants and shops in the development include Louisiana Lagniappe, Pelican Grill, Pizza at the Pass, and resort-wear and specialty retailers. A central courtyard hosts live music events.
Key Highlights
- Two condominium units contain five retail suites
- Approximately 5,900 square feet, fully leased
- Units may be acquired separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,486
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,720
$1.3M
Cap Rate 7%
$906,943
$906.9K
Cap Rate 9%
$705,400
$705.4K
Market Conditions
NOI Build-Up for 5,900 SF
Gross rent
$99.1K $16.80/SF
− Vacancy
−$8.4K −$1.43/SF
EGI
$90.7K $15.37/SF
− OpEx
−$27.2K −$4.61/SF
NOI
$63.5K $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%
$1,269,720
Cap Rate 7%
$906,943
Cap Rate 9%
$705,400
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.
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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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Five occupied suites are configured across two condominium units at SanRoc Cay Marina.
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: Two condominium units contain five retail suites; Approximately 5,900 square feet, fully leased; Units may be acquired separately
