Flex Building with Office
For Sale
$1,796,000
780 Commerce Drive, Gulf Shores, AL 36542
Commercial Sale, Gulf Shores, AL
Property Size13,380 SF
Lot Size1.42 Acres
Price / SF$134.23
Days on Market36
Property Features for 780 Commerce Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
Commercial Park
Directions
From Baldwin Health Freestanding ER on Hwy 59, take E 2nd St south to Waterway East Blvd. Then left on Commerce Dr. Building is on your left just past the airport entrance.
Subdivision
Baldwin
Standard status
Active
APN
66-02-04-4-001-001.010
Lot size
1.42 Acres
Additional Details
Tenant in Place
Yes
Property Use
Warehouse, Service, Office
Taxes and HOA fees
Tax Description
200 X 309.1 Lot 21 Phase II Gulf Shores Business And Indus Trial Park Slides 1653-A & 1653-B In The City Of Gulf Shores Sec 4-T9s-R4e (Vld)
Tax Annual Amount
4613
Legal Description
200 X 309.1 Lot 21 Phase II Gulf Shores Business And Indus Trial Park Slides 1653-A & 1653-B In The City Of Gulf Shores Sec 4-T9s-R4e (Vld)
Utilities
Heating system
Electric (Heating)
Amenities
conference room
employee break room
Building Details
Year built
2001
Floors in Building
1
Flooring type
Vinyl, Concrete
Roof type
Metal
Buildings
1
Listing Agency:
Engel and Volkers Gulf Shores
(251) 304-9520
Listed By:
Emily Burke · License #105383
(251) 948-3018
Added: Sep 30
Changed: Nov 3
Last Checked: Nov 4 at 12:06PM
MLS# 413005
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 13,380-square-foot flex building, constructed in 2001, pairs warehouse and service areas with dedicated office and employee space. The front section includes a central office with four workstations, three private offices, a conference room, a break room, and a half bath. A second half bath is inside the building, along with a 12' x 20' rear office and upstairs storage. Warehouse features include six roll-up doors, built-in shelving, an automobile lift, and 200-amp electrical service. Fenced outdoor equipment-storage cages are also present.
An HVAC service company currently occupies the property under a lease running through November 30, 2027. The site is on Commerce Drive in Gulf Shores, near the airport, within an established commercial and industrial corridor.
An HVAC service company currently occupies the property under a lease running through November 30, 2027. The site is on Commerce Drive in Gulf Shores, near the airport, within an established commercial and industrial corridor.
Key Highlights
- 13,380‑square‑foot flex building constructed in 2001
- Six roll‑up doors: five approximately 14' x 12' and one approximately 14' x 10'
- Front office area includes four workstations, three private offices, conference room, break room, and half bath
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
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Current Use
Lease Details
6
Drive-in doors
Single-tenant
Tenancy
Yes
Fenced yard
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
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 - A current lease supports income while the building’s warehouse, service, and office areas remain under one roof.
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 flex building constructed in 2001; Six roll‑up doors: five approximately 14' x 12' and one approximately 14' x 10'; Front office area includes four workstations, three private offices, conference room, break room, and half bath
