Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    415 D'Olive Street Bay Minette, AL 36507

    View on Map
    Picture of Other retail properties at 415 D'Olive Street, Bay Minette, AL
    For Lease
    $6,500 /Mo

    1,530 SF Texaco For Sale/Lease

    Added:
    Mar 4, 2025
    Days on Market:
    421
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 415 D'Olive Street

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Retail properties & Spaces
    Elevators
    N/A
    Lease Type
    NNN
    Rate Type
    Monthly

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul License #FL BK3105171

    Listing office Salter Company

    Listing date Mar 4, 2025

    Overview

    Renovated Texaco Station in Bay Minette

    A newly renovated Texaco station, encompassing 1,530 square feet, is available for lease in Bay Minette, Alabama. Situated on 0.47 acres, the property is located in a growing area. The station has undergone a complete renovation, featuring new pumps, flooring, paint, a full build-out, and a new roof. A new 20-year Texaco brand agreement is in place, with signage and wrapping to be installed. The lease type is NNN, with a monthly rate of $6,500. The property is scheduled to open in November 2024. This turn-key gas station offers a location and prominent branding.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7146
    Latitude
    30.8772

    Nearby Similar for Lease

    • $2,500/Mo

      1,773 SF Retail For Lease - Bay Minette Drive Through

      1,773 SF retail space on high-traffic corner in Bay Minette.
      910 Bay Minette Bypass, Bay Minette, AL 36507
      View Details
    • Contact for pricing

      Prime Commercial Property on Highway

      High-visibility commercial property with highway frontage and multiple access points.
      251 US Highway 31 S, Bay Minette, AL
      View Details
    • $10,000/Mo

      3,375 SF Flex/R&D For Lease - 5.9 AC Trucking Facility or Lay-Down Yard

      5.9-acre property with truck facility and refueling tank.
      717 Daphne Rd, Bay Minette, AL 36507
      View Details
    • $15 SF/Yr

      2,500 SF Office in Downtown Bay Minette - Office For Lease

      Move-in ready 2,500 SF office space in historic building.
      230 Courthouse Square, Bay Minette, AL 36507
      View Details
    • Contact for pricing

      Bay Minette Gas Station Opportunity

      Gas station with tenant, pumps, and steel tanks for sale.
      1130 US-31, Bay Minette, AL
      View Details
    • Contact for pricing

      Commercial Building on 1.5 Acres

      3,725 SF building with highway frontage and redevelopment potential.
      2410 HIGHWAY 31, Bay Minette, AL
      View Details
    • $5 SF/Yr

      115,000± SF Industrial Warehouse For Lease - Immediate Availability!

      115,424 SF warehouse with 14 dock-high doors available now.
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • $5 SF/Yr

      90,000± SF Industrial Warehouse For Lease

      90,000 SF warehouse with 14 dock-high doors for lease.
      801 US Highway 31, Bay Minette, AL 36507
      View Details
    • $3,000/Mo

      90,000 SF Warehouse For Lease

      90,000 SF warehouse space with public warehousing services available.
      801 US Highway 31, Bay Minette, AL
      View Details
    • $10 SF/Yr

      Bay Minette Warehouse with Office

      Warehouse with office space for lease in Bay Minette.
      Hwy 59, Bay Minette, AL
      View Details
    • $2,500/Mo

      Former QSR on Signalized Corner

      Former QSR with high traffic and ample parking available.
      910 Bay Minette Bypass, Bay Minette, AL
      View Details

    FAQs

    What type of property is this?
    Other retail property - 1,530 SF Texaco For Sale/Lease
    Where is this other retail property located?
    The property is located at 415 D'Olive Street Bay Minette, AL.
    What is the lease rate?
    The lease rate is $6,500 /Mo.
    (850) 393-9455
    We can help!
    Listing Contact
    Paul Salter
    Real Estate License ID: FL BK3105171
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!