Lakefront Duplex with Furnished
For Sale
$318,500
4374 Lindsey Lane, Orange Beach, AL 36561
Duplex unit includes tile flooring, stainless appliances, and a covered lakefront patio.
Property Size1,126 SF
Price / SF$282.86
Days on Market128
Property Features for 4374 Lindsey Lane
General Information
Standard status
Active
Size
1,126 SF
Property subtype
Single Family
Amenities
Electric
3
Tile
Dryer, Washer, Microwave, Dishwasher, Electric Range/Cooktop
Internet Connection
Metal
Partial
Patio, Covered
Fenced Yard.
Lake
Lake.
Building Details
Year Built
2002
Listing Agency:
REMAX OF ORANGE BEACH-CANAL BR
(251) 424-1405
Listed By:
Doug Grantham · License #80426
(251) 747-5710
Source:
Xome
Added: Apr 6
Changed: Aug 8
Last Checked: Aug 11 at 5:17AM
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 REMAX OF ORANGE BEACH-CANAL BR
Investment Insights
Based on property information with market context.
This duplex offers a furnished, light-and-bright 3-bedroom, 2-bath layout. Tile flooring runs throughout the interior, and the kitchen includes stainless steel appliances and a subway tile backsplash. The unit also provides a spacious kitchen with counter space and direct access to a covered lakefront patio.
Orange Beach Villas features community amenities including a clubhouse, outdoor pool, gazebo, BBQ grills, walking paths, and ample parking. The property is a lakefront setting within the community.
The seller notes the unit is currently positioned for use as a primary residence, second home, or short-term rental; buyers should verify all details during due diligence.
Orange Beach Villas features community amenities including a clubhouse, outdoor pool, gazebo, BBQ grills, walking paths, and ample parking. The property is a lakefront setting within the community.
The seller notes the unit is currently positioned for use as a primary residence, second home, or short-term rental; buyers should verify all details during due diligence.
Key Highlights
- 2002‑built 3‑bedroom, 2‑bath duplex unit with lake view
- Tile flooring throughout; central air cooling
- Appliances include dishwasher, washer, dryer, microwave, and electric range/cooktop, plus an ice maker
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,240
$206.2K
Cap Rate 7%
$147,314
$147.3K
Cap Rate 9%
$114,578
$114.6K
Market Conditions
NOI Build-Up for 1,126 SF
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.
Gross rent
$15.5K $13.80/SF
− Vacancy
−$808 −$0.72/SF
EGI
$14.7K $13.08/SF
− OpEx
−$4.4K −$3.92/SF
NOI
$10.3K $9.16/SF
Area
Baldwin County, AL
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,240
Cap Rate 7%
$147,314
Cap Rate 9%
$114,578
Alternative Uses
Best Use
Multifamily LT 5
$147.3K
$128.9K – $171.9K
NOI $10,312 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$131.1K
$114.7K – $153.0K
NOI $9,178 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$270.8K
$236.9K – $315.9K
NOI $18,955 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex unit includes tile flooring, stainless appliances, and a covered lakefront patio.
Where is this duplex located?
The property is located at 4374 Lindsey Lane Orange Beach, AL.
What is the asking price?
The asking price for this property is $318,500.
What are key features of this property?
This property features: 2002‑built 3‑bedroom, 2‑bath duplex unit with lake view; Tile flooring throughout; central air cooling; Appliances include dishwasher, washer, dryer, microwave, and electric range/cooktop, plus an ice maker
