Mixed-Use Property with Warehouse
766 Middle Street, Fairhope, AL 36532
For Sale
$1,850,000
Commercial Sale, Fairhope, AL
Property Size13,877 SF
Lot Size0.65 Acres
Price / SF$133.31
Days on Market142
Property Features for 766 Middle Street
General Information
Property type
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Lot features
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Subdivision
Standard status
APN
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Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Buildings
Listing Agency:
Wise Living Real Estate, LLC
(251) 928-9473
Listed By:
Kiel G. Rubio · License AL #109408
(251) 583-8968
Added: Jun 24
Changed: Nov 3
Last Checked: Nov 12 at 6:06AM
MLS# 398524
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.
The property includes two buildings with warehouse and office space, plus mezzanine storage. The rear building totals 6,286 square feet, with 4,300 square feet of open warehouse, 1,100 square feet of office space, and 886 square feet of mezzanine storage. Its offices include five private offices, three bathrooms, and a conference room. An existing tenant occupies this building and has exercised an option to extend its lease.
The 7,591-square-foot front building has a 2,409-square-foot central warehouse with two roll-up doors. Two floors of office space, totaling 2,591 square feet at each end, flank the warehouse. The site also includes four furnished short-term rental spaces, each with a full bathroom, and additional tenants in individual office suites. The 0.6469-acre property was built in 1992 and is located at 766 Middle Street in Fairhope, Alabama.
The 7,591-square-foot front building has a 2,409-square-foot central warehouse with two roll-up doors. Two floors of office space, totaling 2,591 square feet at each end, flank the warehouse. The site also includes four furnished short-term rental spaces, each with a full bathroom, and additional tenants in individual office suites. The 0.6469-acre property was built in 1992 and is located at 766 Middle Street in Fairhope, Alabama.
Key Highlights
- Two buildings totaling 13,877 square feet
- Rear building: 4,300 SF warehouse, 1,100 SF office, and 886 SF mezzanine storage
- Front building: 2,409 SF warehouse with two roll‑up doors and 2,591 SF of office space on each end
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,562
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,240
$2.6M
Cap Rate 7%
$1,836,600
$1.8M
Cap Rate 9%
$1,428,467
$1.4M
Market Conditions
NOI Build-Up for 13,877 SF
Gross rent
$224.8K $16.20/SF
− Vacancy
−$19.1K −$1.38/SF
EGI
$205.7K $14.82/SF
− OpEx
−$77.1K −$5.56/SF
NOI
$128.6K $9.26/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,240
Cap Rate 7%
$1,836,600
Cap Rate 9%
$1,428,467
Alternative Uses
Best Use
Mixed Use
$1.84M
$1.61M – $2.14M
NOI $128,562 @ 7.0% cap · market cap 6.95%
Second Best
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,588 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$3.34M
$2.92M – $3.89M
NOI $233,600 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
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Location Intelligence
Trade Area within ½ mile
812
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Demographics for 36532, AL
36,918
Population
17,502
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
504
Density / Sq Mi
$86,026
Median Household Income
$46,129
Median Earnings
$1,374
Median Rent
$395,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Baldwin County, AL
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Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine warehouse and office areas with furnished short-term rentals and multiple office-suite tenants.
Where is this mixed-use property located?
The property is located at 766 Middle Street Fairhope, AL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two buildings totaling 13,877 square feet; Rear building: 4,300 SF warehouse, 1,100 SF office, and 886 SF mezzanine storage; Front building: 2,409 SF warehouse with two roll‑up doors and 2,591 SF of office space on each end
