Flex Space with
9112 Hard Dr, Foley, AL 36535
For Sale
$725,000
Commercial Sale, Foley, AL
Property Size7,000 SF
Lot Size0.51 Acres
Price / SF$103.57
Days on Market109
Property Features for 9112 Hard Dr
General Information
Property type
Property subtype
Zoning
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Amenities
full kitchen
private bath
new AC system (2024)
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
Crye Leike Gulf Coast Real Est
Listed By:
Lydia A Franz · License #71136
(251) 405-2608
Added: Jul 24
Changed: Oct 2
Last Checked: Nov 9 at 5:06AM
MLS# 406460
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 flex property offers approximately 7,000 square feet across a 6,000-square-foot ground floor and a 1,000-square-foot upstairs suite, on 0.5073 acres. The ground-floor layout includes a front office and showroom, a private office, mezzanine workspace, and a 4,620-square-foot rear warehouse. The warehouse has two roll-up doors, 16-foot clear eave height, high-bay LED lighting, and three-phase power with five 220V outlets.
The upstairs suite includes a full kitchen and a private bathroom with a shower. An AC system was installed in 2024. The property was built in 2006, has a metal roof, and is zoned unzoned, with no covenants or restrictions stated.
The upstairs suite includes a full kitchen and a private bathroom with a shower. An AC system was installed in 2024. The property was built in 2006, has a metal roof, and is zoned unzoned, with no covenants or restrictions stated.
Key Highlights
- Approximately 7,000 SF total: 6,000 SF on the ground floor and a 1,000 SF upstairs suite
- 4,620 SF rear warehouse with two oversized roll‑up doors and 16' clear eave height
- Three‑phase power and five 220V outlets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,182
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,640
$883.6K
Cap Rate 7%
$631,171
$631.2K
Cap Rate 9%
$490,911
$490.9K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$54.6K $7.80/SF
− Vacancy
−$2.6K −$0.37/SF
EGI
$52.0K $7.43/SF
− OpEx
−$7.8K −$1.11/SF
NOI
$44.2K $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%
$883,640
Cap Rate 7%
$631,171
Cap Rate 9%
$490,911
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,648 @ 7.0% cap · market cap 11.26%
Second Best
Warehouse
$631.2K
$552.3K – $736.4K
NOI $44,182 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,835 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Baldwin County, AL
Properties on Market for Flex space in Baldwin County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Unzoned commercial space combines front office areas with a warehouse and an upstairs suite.
Where is this flex space located?
The property is located at 9112 Hard Dr Foley, AL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 7,000 SF total: 6,000 SF on the ground floor and a 1,000 SF upstairs suite; 4,620 SF rear warehouse with two oversized roll‑up doors and 16' clear eave height; Three‑phase power and five 220V outlets
