Highway Retail
For Sale
$1,500,000
616 Gulf Shores Parkway, Gulf Shores, AL 36542
Commercial Sale, Gulf Shores, AL
Property Size4,880 SF
Lot Size0.23 Acres
Price / SF$307.38
Days on Market514
Property Features for 616 Gulf Shores Parkway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
OtherSeeRemarks,WithinCor
Lot features
Irregular/ See Remarks
Directions
Highway 59, South of Windmill Ridge Road located on the east side of Highway 59.
Subdivision
Baldwin
Standard status
Active
APN
66-04-20-1-000-004.000
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Commenced at the Northeast corner of Section 20, Township 9 South, Range 4 East, run thence North for 395 feet; thence run South 77 degrees, 00' West along the South line of Park Road for 1821.0 feet to the East right of way of Alabama Highway No. 59; run thence South 07 degrees 45' West along...
Tax Annual Amount
6474
Legal Description
Commenced at the Northeast corner of Section 20, Township 9 South, Range 4 East, run thence North for 395 feet; thence run South 77 degrees, 00' West along the South line of Park Road for 1821.0 feet to the East right of way of Alabama Highway No. 59; run thence South 07 degrees 45' West along...
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1972
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
RE/MAX Paradise
Listed By:
Bob Shallow · License #13654-1
(251) 948-8000
Added: Jun 9, 2025
Changed: Nov 3
Last Checked: Nov 4 at 2:06PM
MLS# 380778
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 property at 616 Gulf Shores Parkway contains approximately 4,880+/- SF. The building dates to 1972 and has a metal roof, concrete flooring, and electric heating.
The site is about half a mile north of the Gulf beaches, with approximately 76 feet along Highway 59 in Gulf Shores, Alabama.
The site is about half a mile north of the Gulf beaches, with approximately 76 feet along Highway 59 in Gulf Shores, Alabama.
Key Highlights
- Approximately 4,880+/- SF of retail space
- About 76 feet of frontage on Highway 59
- Approximately 0.23 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,511
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,220
$1.1M
Cap Rate 7%
$750,157
$750.2K
Cap Rate 9%
$583,456
$583.5K
Market Conditions
NOI Build-Up for 4,880 SF
Gross rent
$82.0K $16.80/SF
− Vacancy
−$7.0K −$1.43/SF
EGI
$75.0K $15.37/SF
− OpEx
−$22.5K −$4.61/SF
NOI
$52.5K $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%
$1,050,220
Cap Rate 7%
$750,157
Cap Rate 9%
$583,456
Alternative Uses
Best Use
Retail
$750.2K
$656.4K – $875.2K
NOI $52,511 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,148 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 36542, AL
16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
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 - A commercial building with concrete flooring and electric heating, positioned near Gulf Shores’ coastal beaches.
Where is this retail space located?
The property is located at 616 Gulf Shores Parkway Gulf Shores, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 4,880+/- SF of retail space; About 76 feet of frontage on Highway 59; Approximately 0.23 acres
