Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land in Gulf Shores Title is generated by Realmo AI

    0 Spinnaker Drive, Gulf Shores, AL 36542

    View on Map
    Claim this Listing
    For Sale
    $96,550

    Land - Gulf Shores, AL

    Lot size:
    0.27 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    330
    Last Refresh:
    May 11 at 10:06 pm

    Property Features for 0 Spinnaker Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    67-05-05-0-001-110.003
    Lot size
    0.27 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bart Cox

    Listing agent Bart Cox License #96991

    Listing office Shark Realty 26619 Perdido Beach Blvd, Fairhope, AL

    Listing date Jun 16, 2025

    MLS# 380729 Listing URL

    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.

    HighLights

    • 380 feet of premium ICW frontage
    • Island property offering a unique waterfront lifestyle
    • Waterfront property with stunning views
    • Premium location
    • Licensed Real Estate Broker as Owner/Seller
    • Buyer to verify all information during due diligence

    Overview

    This property features 380 feet of premium Intracoastal Waterway (ICW) frontage. The lot size is 0.268 acres. It is located in Gulf Shores, Alabama. The property is intended for land use. Buyers are advised to verify all information during due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.747884
    Latitude
    30.284797

    Nearby Similar for Sale

    • $399,000

      Fort Morgan Road Commercial Lot

      Commercial lot in Fort Morgan, zoned for mixed use.
      2322 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $399,000

      Commercial Lot in Gulf Shores

      Commercial lot with mixed-use potential in Fort Morgan.
      0 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $584,000
      2,480 SF

      Updated Duplex Near Gulf Shores Beach

      Updated duplex near the beach with canal access.
      417 Windmill Ridge Road, Gulf Shores, AL 36542
      View Details
    • $4,575,000

      Gulf Shores Commercial Development Site

      Prime 3.79-acre commercial development site in a rapidly growing area.
      1600 E Second Street, Gulf Shores, AL 36542
      View Details
    • $799,000

      Spacious Lot Near Sandy Beaches

      Large lot with beach access in quiet Gulf Shores neighborhood.
      0 Ponce De Leon Court, Gulf Shores, AL 36542
      View Details
    • $799,000

      Spacious Residential Lot Near Beach

      Large lot in Fort Morgan, near beaches, ideal for residence.
      0 Ponce De Leon Court, Gulf Shores, AL 36542
      View Details
    • $109,500

      RV Lot in Whispering Pines

      Shaded RV lot in Gulf Shores resort community.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $97,500

      RV Lot in Whispering Pines Resort

      Shaded RV lot with storage shed near Gulf Shores.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $375,000

      Lagoon Front Residential Lots

      Waterfront lots for dream home with guest house, pool.
      0 Water Oaks Circle, Gulf Shores, AL 36542
      View Details
    • $2,500,000

      Gulf Shores Development Opportunity

      Prime development land near beach and new Embassy Suites.
      204 W 1st Avenue, Gulf Shores, AL 36542
      View Details
    • $848,800

      Bon Secour Bay Waterfront Land

      3.4 acres with 160 feet of Bon Secour Bay frontage.
      000 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $2,750,000

      Highway 59 Frontage Land Opportunity

      48± acres with Highway 59 frontage in Gulf Shores, AL.
      0000 STATE HIGHWAY 59, Gulf Shores, AL 36535
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land with ICW frontage in Gulf Shores, Alabama.
    Where is this waterfront land located?
    The property is located at 0 Spinnaker Drive Gulf Shores, AL.
    What is the asking price?
    The asking price for this property is $96,550.
    What are key features of this property?
    This property features: 380 feet of premium ICW frontage; Island property offering a unique waterfront lifestyle; Waterfront property with stunning views
    (251) 222-0799
    We can help!
    Listing Contact
    Bart Cox
    Real Estate License ID: 96991
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 Spinnaker Drive, Gulf Shores, AL 36542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!