Flex Building with Warehouse
780 Commerce Dr, Gulf Shores, AL 36542
For Sale
$1,796,000
An HVAC service company occupies the property under a lease through November 30, 2027.
Property Size13,380 SF
Lot Size1.30 Acres
Price / SF$134.23
Days on Market11
Property Features for 780 Commerce Dr
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Drive-In Doors
Power
Additional Details
Outdoor Storage
Tenant in Place
Property Use
Amenities
conference room
employee break room
fenced outdoor equipment-storage cages
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Engel and Volkers Gulf Shores
Listed By:
Emily Burke · License #105383
(251) 304-9520
Source:
Findhomesingulfshores
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:41AM
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 Engel and Volkers Gulf Shores
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Investment Insights
Based on property information with market context.
This 13,380-square-foot flex property sits on approximately 1.3 acres and includes warehouse, service, and office areas. The building was constructed in 2001 and is zoned Industrial. Six roll-up doors serve the warehouse: five measure approximately 14' x 12', and one is approximately 14' x 10'. Other features include fenced outdoor equipment-storage cages, built-in shelving, an automobile lift, 200-amp electrical service, upstairs storage, and a 12' x 20' rear office.
The front office area includes four workstations, three private offices, a conference room, an employee break room, and a half bath. A second half bath is also located in the building. The property is in Gulf Shores near the airport. An HVAC service company currently occupies the building, with its lease running through November 30, 2027.
The front office area includes four workstations, three private offices, a conference room, an employee break room, and a half bath. A second half bath is also located in the building. The property is in Gulf Shores near the airport. An HVAC service company currently occupies the building, with its lease running through November 30, 2027.
Key Highlights
- 13,380‑square‑foot building on approximately 1.3 acres
- Industrial zoning
- Six roll‑up doors: five approximately 14' x 12' and one approximately 14' x 10'
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?
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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 - An HVAC service company occupies the property under a lease through November 30, 2027.
Where is this flex space located?
The property is located at 780 Commerce Dr 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 building on approximately 1.3 acres; Industrial zoning; Six roll‑up doors: five approximately 14' x 12' and one approximately 14' x 10'
