Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Target Anchored Retail Center Title is generated by Realmo AI

    3800 Gulf Shores Pkwy, Gulf Shores, AL 36542

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces for lease near Gulf Shores beach and tourism.

    Type:Retail
    Added:
    Jul 31, 2025
    Days on Market:
    285
    Last Refresh:
    Mar 16 at 10:45 am

    Property Features for 3800 Gulf Shores Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    Spaces For Lease

    at 3800 Gulf Shores Pkwy Contact us

    Suite 209 $20 /Mo

    Size
    3,002 SF
    Type
    Retail
    Contact us

    Suite 114 $27 /Mo

    Size
    1,530 SF
    Type
    Retail
    Contact us

    Suite 402 $20 /Mo

    Size
    4,187 SF
    Type
    Retail
    Contact us

    Suite 153 $25 /Mo

    Size
    600 SF
    Type
    Retail
    Contact us

    Suite 215 $20 /Mo

    Size
    6,043 SF
    Type
    Retail
    Contact us

    Suite 236 $20 /Mo

    Size
    1,819 SF
    Type
    Retail
    Contact us

    Suite 226 $20 /Mo

    Size
    4,010 SF
    Type
    Retail
    Contact us

    Suite 160 $20 /Mo

    Size
    8,807 SF
    Type
    Retail
    Contact us

    Suite 147 $20 /Mo

    Size
    858 SF
    Type
    Retail
    Contact us

    Suite 240-1 $20 /Mo

    Size
    2,949 SF
    Type
    Retail
    Contact us

    Suite 228 $20 /Mo

    Size
    3,940 SF
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    Kyle Knight

    Listing agent Kyle Knight License #Fl

    Listing office Stirling Daphne

    Listing date Jul 31, 2025

    Source Crexi

    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 Stirling Daphne

    HighLights

    • Target‑anchored lifestyle center in Gulf Shores, AL.
    • Located near the Gulf Shores beach/tourism district (8 million annual visitors).
    • Adjacent to Craft Farms, the largest residential community in South Baldwin County.
    • Dominant national retail trade area of Gulf Shores and Orange Beach.
    • Fronts US Hwy 59 with over 50,000 VPD traffic.
    • Close proximity to Gulf Shores/Orange Beach International Airport and Gulf Shores High School Campus.

    Overview

    Pelican Place at Craft Farms is a Target-anchored lifestyle center located in Gulf Shores, AL. The property is positioned adjacent to Craft Farms, the largest residential community in South Baldwin County, which features two Arnold Palmer designed golf courses. The center serves as the dominant national retail trade area of Gulf Shores and nearby Orange Beach. In addition to Target and the nearby Publix, the center is co-anchored by Books-A-Million and Beall’s Home Centric and features both inline space and outparcel/pad opportunities. The center fronts US Hwy 59, the main North/South corridor in Baldwin County, AL, and receives over 50,000 VPD traffic. The location is in close proximity to the newly expanded Gulf Shores/Orange Beach International Airport and the new Gulf Shores High School Campus. The Gulf Shores beach/tourism district attracts over 8 million annual visitors and provides more than $7 Billion to the local economy.
    Location Intelligence

    Current Use by Public Records

    Kitty's Kafe Restaurant Tuscany Pizza and Grill Restaurant Bleus Burger Restaurant ... Restaurant Coastal Video Electronics & Wireless Store LUXE Brows and Lashes Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Pelican Place at Craft Farms — 3800 gulf shores pkwy, gulf shores, al 36542
    • Del Mar Properties LLC — 3757 Gulf Shores Pkwy, Gulf Shores, AL 36542
    • Pelican Place at Craft Farms — 3800 Gulf Shores Pkwy Suite 402, Gulf Shores, AL 36542

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6810867
    Latitude
    30.3003154

    Nearby Similar for Lease

    • $19 SF/Yr

      Retail Showroom in Prime Location

      High-end retail showroom space available for lease in Gulf Shores.
      3769 Gulf Shores Pkwy, Gulf Shores, AL
      View Details
    • $20 SF/Yr

      Class A Office Space Rental

      Class A office space available in Gulf Shores, Alabama.
      1585 Gulf Shores Pkwy, Gulf Shores, AL
      View Details
    • $2,000/Mo

      200 - 1,000 SF Affordable Office Space Available FOR LEASE in Gulf Shores (Suite 3)

      Exceptional office space in Gulf Shores, Alabama, with flexible lease options.
      2033 West 1st Street, Gulf Shores, AL 36542
      View Details
    • $1,250/Mo

      500 SF Office For Lease - Plaza 59 Office Complex (Floor 2, Suite 205)

      500 sq ft office space in prime Gulf Shores location.
      1229 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $3,500/Mo

      1,250 SF Office For Lease - 2001 W 1st St. Suite A

      Renovated 1,250 SF office space near city complex.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
    • $3,500/Mo

      1,250 SF Office For Lease - 2001 W 1st St. Suite C

      Renovated 1,250 SF office space near municipal complex.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
    • $3,300/Mo

      3,000 SF Gulf Shores Office Space For Lease! (Suite C)

      3,000 sq ft office space in Gulf Shores, AL.
      901 Commerce Dr, Gulf Shores, AL 36542
      View Details
    • $400/Mo

      54 SF Office Space for Lease Gulf Shores (Suite E)

      54 sq ft office space with shared amenities.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • $600/Mo

      87 SF Office Space for Lease Gulf Shores (Suite C)

      87 sq ft office space with shared amenities in Gulf Shores.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • $600/Mo

      87 SF Office Space for Lease Gulf Shores (Suite F)

      87 sq ft office with shared amenities in Gulf Shores.
      1544 W 2nd St, Gulf Shores, AL 36542
      View Details
    • $2,500/Mo

      Climate-Controlled Hangar at Gulf Shores Airport

      New, insulated, air-conditioned hangar space for lease at Gulf Shores.
      3190 Airport Dr, Gulf Shores, AL
      View Details
    • $32 SF/Yr

      2,050 SF Office For Lease - Prime Location .25 mile from Beach

      Prime Gulf Shores office space for lease near the beach.
      613 GULF SHORES PKWY, Gulf Shores, AL 36542
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease near Gulf Shores beach and tourism.
    Where is this shopping center located?
    The property is located at 3800 Gulf Shores Pkwy Gulf Shores, AL.
    What are key features of this property?
    This property features: Target‑anchored lifestyle center in Gulf Shores, AL.; Located near the Gulf Shores beach/tourism district (8 million annual visitors).; Adjacent to Craft Farms, the largest residential community in South Baldwin County.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Knight
    Real Estate License ID: Fl
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3800 Gulf Shores Pkwy, Gulf Shores, AL 36542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!