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    Express Canal Rd At Foley Bch Orange Beach, AL 36561

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    Express Canal Rd At Foley Bch Orange Beach, AL 36561

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    • Retail properties & Spaces
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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Express Canal Rd At Foley Bch

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    Exceptional commercial land parcels are available for ground lease at The Wharf in Orange Beach, Alabama. This vibrant, 222-acre mixed-use development boasts a prime location along the Intracoastal Waterway, offering unparalleled access and visibility. The available land ranges from 1.62 to 3.26 acres and is zoned PUD, allowing for a variety of development options. The Wharf already features significant existing infrastructure, including 376,000 square feet of retail and commercial space, a 15-screen movie theater, 198 residential condominiums, a 170-slip marina, a 27,000-square-foot convention center, a 10,000-seat amphitheater, and a 132-room SpringHill Suites by Marriott hotel. This established environment provides immediate access to a substantial existing customer base and significant tourism traffic. Ideal uses for these parcels include, but are not limited to, specialty grocery stores, restaurants, banks, professional offices, hotels, boat dealerships, medical facilities, convenience stores, and various retail and entertainment venues. The property is situated on Canal Road at Foley Beach Express in Baldwin County, Alabama, zip code 36561 (APN: 05-66-01-01-2-001-003.024). This presents a unique opportunity to establish a thriving business within a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orange Beach
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6296
    Latitude
    30.2899

    Comparable in this City

    • Value Estimation by Request
      417,720 SF

      23101 Canal Rd

      Land • 417,720 SF
      23101 Canal Rd, Orange Beach, AL 36561
      View Details
    • Value Estimation by Request
      380,000 SF

      23101 Canal Rd

      Land • 380,000 SF
      23101 Canal Rd, Orange Beach, AL 36561
      View Details
    • Value Estimation by Request
      504 SF

      4387 Public Works Rdb4

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 504 SF
      4387 Public Works Rdb4, Orange Beach, AL 36561
      View Details
    • Value Estimation by Request
      560 SF

      4387 Public Works Rda5

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 560 SF
      4387 Public Works Rda5, Orange Beach, AL 36561
      View Details
    • Value Estimation by Request
      672 SF

      4387 Public Works Rdf41

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 672 SF
      4387 Public Works Rdf41, Orange Beach, AL 36561
      View Details
    • Value Estimation by Request
      487 SF

      4387 Public Works Rde5

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 487 SF
      4387 Public Works Rde5, Orange Beach, AL 36561
      View Details

    Similar Nearby for Sale

    • $1,650,000
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      Orange Beach Commercial Building For Sale

      High-traffic location, 6,390+ sq ft, .84 acres
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      Turn-Key Smart Bar Opportunity

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      Prime Beachfront Commercial Land

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      Waterfront land available on Canal Road in Orange Beach.
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    Similar Nearby for Lease

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      Commercial Sites at The Wharf

      Commercial sites available for ground lease at The Wharf.
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      417,720 SF

      The Wharf: Prime Office Space

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      Orange Beach Retail Space - Prime Location

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    • $2.00 SF/Yr
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      Prime Orange Beach Commercial Land

      The Wharf: Build your dream business.
      23101 Canal Rd, Orange Beach, AL 36561
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      5,497 SF

      Prime Retail Space in Orange Beach

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    • $25 SF/Yr
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      Orange Beach Office Space For Lease

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    Express Canal Rd At Foley Bch
    Orange Beach, AL 36561
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    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
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