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    3820 - 3840 AL-59 Foley, AL 36535

    • Retail properties
    For Sale
    View listing
    $2,900,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3820 - 3840 AL-59

    Property type
    Retail properties

    Description

    Parkway Plaza, is an eye catching strip mall strategically positioned along Highway 59. This complex comprises 13 rental spaces, ranging from 450 to over 2000 sqft., ensuring a versatile retail landscape. With a 100% occupancy rate and a stellar tenant mix, this 12,000 sqft haven thrives with long-term lessees easy access, ample parking, and an income producing sign on the south end of the property. The building's roof was replaced in 2021, and new flooring was installed the same year. Additionally, all parking lots were upgraded wit LED light fixtures in 2022.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    State
    Alabama
    Longitude
    -87.6832
    Latitude
    30.4423

    Comparable in this City

    • Value Estimation by Request

      9,218 SF Palm Center For Sale - Foley, Alabama

      9,218 SF Palm Center For Sale - Foley, Alabama
      8388 AL-59, Foley, AL 36535
      View Details
    • Value Estimation by Request
      11,984 SF

      915 Mckenzie St

      Neighborhood centers • 11,984 SF
      915 Mckenzie St, Foley, AL 36535
      View Details
    • Value Estimation by Request
      219,888 SF

      2434 Mckenzie St

      Neighborhood centers • 219,888 SF
      2434 Mckenzie St, Foley, AL 36535
      View Details
    • Value Estimation by Request

      4,716 SF Retail For Sale

      4,716 SF Retail For Sale 21770 US-98
      21770 US-98, Foley, AL 36535
      View Details
    • Value Estimation by Request

      6,020 SF Magnolia Springs Pharmacy WITH Rental Home For Sale

      6,020 SF Magnolia Springs Pharmacy WITH Rental Home For Sale
      12547 Co Rd 49, Foley, AL 36535
      View Details
    • Value Estimation by Request
      19.33 Acres

      Foley Beach Expy

      Individual retail properties • 19.33 Acres
      0 Foley Beach Expy, Foley, AL 36535
      View Details

    Similar Nearby for Sale

    • $1,395,000
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      Prime Foley Carwash Site - Hwy 59

      High-traffic location, flexible options.
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    • $1,250,000
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      Foley, AL Strip Center Investment

      High-traffic Hwy 59 location; 5 units, 12,000 SF.
      3800 S Mckenzie St, Foley, AL 36535
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    • $2,700,000
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      Prime Foley Commercial Land

      High-traffic Hwy 59 frontage, multiple parcels.
      8437 AL-59, Foley, AL 36535
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    • $2,178,750
      19.33 Acres

      Foley Beach Express Plazas

      19 Acres, High-Traffic Location
      0 Foley Beach Expy, Foley, AL 36535
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    • $650,000
      4,500 SF

      Foley, AL Retail Building Investment

      Prime Foley location, 4500 SF building, established tenant.
      15450 County Road 73, Foley, AL 36535
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    • $2,500,000
      2,904 SF

      Hardee's Net Lease Retail Investment

      Foley, AL: Prime QSR location, high traffic.
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    Similar Nearby for Lease

    • $20 SF/Yr
      1,492 SF

      Foley Square Retail Space Available

      Prime Foley, AL retail suite; 1,492 sq ft.
      2558 Mckenzie St, Foley, AL 36535
      View Details
    • $18 SF/Yr
      10,027 SF

      Foley Square Retail Space Available

      High-traffic retail suite, 10,027 SF, NNN lease.
      2558 Mckenzie St, Foley, AL 36535
      View Details
    • $26 SF/Yr
      1,449 SF

      Foley Square Retail Space Available

      1449 SF Retail Suite, High Traffic Area
      2558 Mckenzie St, Foley, AL 36535
      View Details
    • $22 SF/Yr
      1,875 SF

      Prime Foley Retail Space Available

      High-visibility retail space near Tanger Outlets.
      2070 S McKenzie St, Foley, AL 36535
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail Space Across From Walmart

      Retail space in Foley Plaza with high visibility and access.
      2155 S Mckenzie St, Foley, AL 36535
      View Details
    • Contact for pricing

      Grocery-Anchored Retail Center For Lease

      New retail center anchored by Publix on US Highway 98.
      22349 Us Highway 98, Foley, AL 36535
      View Details
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    3820 - 3840 AL-59
    Foley, AL 36535
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    Realmo Value Estimation

    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.

    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.

    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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