Foley Cold Storage Warehouse
8355 Roy Waters Rd Foley, AL
8355 Roy Waters Rd, Foley, AL, 00000
Contact for pricing
For Sale
Contact for pricing
57,000 SF cold storage and warehouse on 40 acres.
Property Size57,500 SF
Lot Size39.90 Acres
Price / SF$64.35
Days on Market233
Property Features for 8355 Roy Waters Rd
General Information
- Standard status
- Active
- Size
- 57,500 SF
- Lot size
- 39.90 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
RE/MAX Paradise
(251) 979-0500
Listed by
Robert Shallow · License #77723
(251) 979-0500
Source
Moodyscre
Added: Nov 25, 2025 Checked: Jul 16 at 3:43 am
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 RE/MAX Paradise
Investment Insights
Based on property information with market context.
This unique property features approximately 57,000 SF of cold storage and warehouse space, distributed across three buildings, along with a 6,000 SF equipment shed, a 3,600 SF barn, and an 11,000 SF building previously used as a condo. Situated on approximately 40 acres in Foley, Alabama, the property is zoned M-1 and is located about 25 miles from I-10 and approximately 10 miles from Gulf Shores. Building 1, with sizes ranging from 3,500 SF to 4,000 SF added between 1995 and 2006, includes a truck maintenance area with a parts room, two 14x14 grade-level rollup doors, a small office, a restroom, a one-bedroom apartment in the mezzanine, storage space, a storage garage, and over 11,000 SF of warehouse space with two 12x14 dock-high rollup doors and two grade-level rollup doors (12x14 and 14x20). Building 2, approximately 42,500 SF, contains 30,000 SF of freezer space, 6,000 SF of cooler space, an ante room, a heading room, a loading dock area with seven dock-high doors, a private office with a restroom, a break room, and restrooms. It is wired for a 100 kW generator. Building 3 is a 6,000 SF equipment shed enclosed on three sides. Building 6, approximately 11,000 SF, features 12 rooms, large restrooms with showers, and a cafeteria with an industrial-type kitchen.
Key Highlights
- Substantial cold storage capacity: +/- 30,000 SF of freezer space and +/- 6,000 SF of cooler space.
- Extensive warehouse space: +/- 21,500 SF of warehouse storage across multiple buildings.
- Large land parcel: Situated on +/- 40 acres in Foley, AL, offering potential for expansion or subdivision.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $427.8k | $7.44 |
| − Vacancy | −$22.2k | −$0.39 |
| EGI | $405.6k | $7.05 |
| − OpEx | −$121.7k | −$2.12 |
| NOI | $283.9k | $4.94 |
57,500 SF · lease $7.44/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$5.18M
$4.54M – $6.05M
NOI $362,926 @ 7.0% cap · market cap 9.81%
Second Best
Industrial
$4.06M
$3.55M – $4.73M
NOI $283,888 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$13.83M
$12.10M – $16.13M
NOI $967,932 @ 7.0% cap · market cap 26.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Easley Equipment and Storage LLC — 16070 County Rd 12 S, Foley, AL 36535
- Foley Old Farm District Resort — 16620 County Rd 12 S, Foley, AL 36535
FAQs
What type of property is this?
Warehouse - 57,000 SF cold storage and warehouse on 40 acres.
Where is this warehouse located?
The property is located at 8355 Roy Waters Rd Foley, AL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Substantial cold storage capacity: +/- 30,000 SF of freezer space and +/- 6,000 SF of cooler space.; Extensive warehouse space: +/- 21,500 SF of warehouse storage across multiple buildings.; Large land parcel: Situated on +/- 40 acres in Foley, AL, offering potential for expansion or subdivision.
