Industrial Flex Building with
780 Commerce Drive, Gulf Shores, AL 36542
For Sale
$1,796,000
Gulf Shores, AL
Property Size13,380 SF
Lot Size1.30 Acres
Price / SF$134.23
Days on Market9
Property Features for 780 Commerce Drive
General Information
Property type
Property subtype
Standard status
Lot size
Additional Details
Tenant in Place
Property Use
Amenities
conference room
employee break room
Building Details
Year built
Buildings
Listing Agency:
Engel & Volkers Gulf Shores · Engel & Völkers
(251) 304-9520
Listed By:
Emily Burke · License AL #105383
Added: Nov 4
Changed: Nov 11
Last Checked: Nov 12 at 8:06AM
MLS# 413005
Copyright © 2026 Engel & Völkers. 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 13,380-square-foot metal flex building on approximately 1.3 acres combines warehouse and service space with a substantial office component. The warehouse has six roll-up doors: five measuring approximately 14' x 12' and one approximately 14' x 10'. Built-in shelving, an automobile lift, 200-amp electrical service, labeled breakers, upstairs storage, and fenced outdoor equipment-storage cages are also in place. Office and employee areas include four workstations in a central office, three private offices, a conference room, a break room, and two half baths; a rear office measures 12' x 20'. The building was constructed in 2001 and is zoned Industrial.
An HVAC service company occupies the property under a lease that runs through November 30, 2027. The address is 780 Commerce Drive in Gulf Shores, near the airport and within an established commercial and industrial corridor.
An HVAC service company occupies the property under a lease that runs through November 30, 2027. The address is 780 Commerce Drive in Gulf Shores, near the airport and within an established commercial and industrial corridor.
Key Highlights
- 13,380‑square‑foot metal building on approximately 1.3 acres
- Six roll‑up doors: five approximately 14' x 12' and one approximately 14' x 10'
- Office area includes four workstations, three private offices, conference room, break room, and two half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,451
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,020
$1.7M
Cap Rate 7%
$1,206,443
$1.2M
Cap Rate 9%
$938,344
$938.3K
Market Conditions
NOI Build-Up for 13,380 SF
Gross rent
$104.4K $7.80/SF
− Vacancy
−$5.0K −$0.37/SF
EGI
$99.4K $7.43/SF
− OpEx
−$14.9K −$1.11/SF
NOI
$84.5K $6.31/SF
Area
Baldwin County, AL
Vacancy
4.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,020
Cap Rate 7%
$1,206,443
Cap Rate 9%
$938,344
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,451 @ 7.0% cap · market cap 4.70%
Second Best
Flex RnD
$1.13M
$990.7K – $1.32M
NOI $79,259 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$3.22M
$2.82M – $3.75M
NOI $225,234 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Drive-in doors
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Well-served
Demand for This Use
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
$366,600
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Baldwin County, AL
Properties on Market for Flex space in Baldwin County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Beachin’ Eats Food Truck & Catering — 2104 E 2nd St STE D, Gulf Shores, AL 36542
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and service functions are paired with dedicated offices, private work areas, and employee amenities.
Where is this flex space located?
The property is located at 780 Commerce Drive Gulf Shores, AL.
What is the asking price?
The asking price for this property is $1,796,000.
What are key features of this property?
This property features: 13,380‑square‑foot metal building on approximately 1.3 acres; Six roll‑up doors: five approximately 14' x 12' and one approximately 14' x 10'; Office area includes four workstations, three private offices, conference room, break room, and two half baths
