Self-Storage Facility with Metal
For Sale
$13,250,000
8484 US Highway 98, Fairhope, AL 36532
Commercial Sale, Fairhope, AL
Property Size108,000 SF
Lot Size13.30 Acres
Price / SF$122.69
Days on Market217
Property Features for 8484 US Highway 98
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
Commercial Park
Directions
South on Greeno Rd to the intersection of 98 and 98 in Barnwell. East on 98 towards Foley. Gumbo South will be on the south side of 98.
Subdivision
Baldwin
Standard status
Active
APN
56-05-21-0-000-021.000
Lot size
13.30 Acres
Taxes and HOA fees
Tax Description
13.3 AC LOT 2 RARE PROPERTIES SUBDIVISION SLIDE 2729-A SEC 2 1-T7S-R2E (WD)
Tax Annual Amount
13730
Legal Description
13.3 AC LOT 2 RARE PROPERTIES SUBDIVISION SLIDE 2729-A SEC 2 1-T7S-R2E (WD)
Utilities
Heating system
Electric (Heating)
Amenities
gazebo
Building Details
Year built
2017
Floors in Building
1
Flooring type
Wood
Roof type
Metal
Listing Agency:
Wise Living Real Estate, LLC
(251) 928-9473
Listed By:
Kiel G. Rubio · License #109408
(251) 716-3326
Added: Mar 12
Changed: Oct 5
Last Checked: Oct 14 at 4:06PM
MLS# 393833
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.
Investment Insights
Based on property information with market context.
Gumbo South is a self-storage property completed in 2017, with approximately 108,000 square feet of improvements across 13.3 acres. The buildings use wood construction with metal roofing and aluminum and wood siding. The grounds are fully fenced and include two retention ponds and a 12' x 12' gazebo overlooking one pond.
The property is at 8484 US Highway 98 in Fairhope, Alabama. Unity Fiber provides internet service. Site wastewater infrastructure includes three 1,000-gallon septic tanks and ten 80-foot field lines, along with a 12-inch-by-3-foot dome serving the facility.
The property is at 8484 US Highway 98 in Fairhope, Alabama. Unity Fiber provides internet service. Site wastewater infrastructure includes three 1,000-gallon septic tanks and ten 80-foot field lines, along with a 12-inch-by-3-foot dome serving the facility.
Key Highlights
- Approximately 108,000 square feet of improvements on 13.3 acres
- Self‑storage property built in 2017
- Wood construction with metal roofing and aluminum and wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$928,066
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,561,320
$18.6M
Cap Rate 7%
$13,258,086
$13.3M
Cap Rate 9%
$10,311,844
$10.3M
Market Conditions
NOI Build-Up for 108,000 SF
Gross rent
$1.43M $13.20/SF
− Vacancy
−$99.8K −$0.92/SF
EGI
$1.33M $12.28/SF
− OpEx
−$397.7K −$3.68/SF
NOI
$928.1K $8.59/SF
Area
Baldwin County, AL
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,561,320
Cap Rate 7%
$13,258,086
Cap Rate 9%
$10,311,844
Alternative Uses
Best Use
Self Storage
$13.26M
$11.60M – $15.47M
NOI $928,066 @ 7.0% cap · market cap 7.00%
Second Best
Warehouse
$9.74M
$8.52M – $11.36M
NOI $681,670 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$25.97M
$22.73M – $30.30M
NOI $1,818,029 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Built in 2017, the property includes fenced grounds, septic service, and fiber internet access.
Where is this self storage facility located?
The property is located at 8484 US Highway 98 Fairhope, AL.
What is the asking price?
The asking price for this property is $13,250,000.
What are key features of this property?
This property features: Approximately 108,000 square feet of improvements on 13.3 acres; Self‑storage property built in 2017; Wood construction with metal roofing and aluminum and wood siding
