18587 Co Rd Summerdale, AL 36580
This exceptional Class A, stabilized investment opportunity presents a 200,000 square foot, multi-tenant industrial/self-storage facility in Summerdale, Alabama. Built in 2023, this property sits on 6.5 acres and features 190 units (110 covered, 80 uncovered) with 190 parking spaces, offering 106,875 square feet of net rentable space. Currently operating at 80% occupancy, generating a $190,000 NOI and a 7.24% cap rate, the asking price is $2,625,000 ($13.12/sq ft and $13,815.79/unit). Located at 18587 Co Rd 32, Summerdale, AL 36580 (APN: 05-48-09-31-4-000-005.005), this B-2 zoned property benefits from its prime location near Hwy 59 and County Road 32, offering excellent visibility and accessibility. The property boasts 24-hour gated access, monthly/yearly lease options, and strong potential for future expansion. The facility's proximity to Gulf Shores (17 miles) and a growing population/tourist traffic in Baldwin County ensures consistent demand. This is a full ownership, absolute NNN lease property, ideal for investors seeking a high-yield, low-maintenance investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.