Technical
Financial
Distress signals
Property profile

321 E Canal Dr Gulf Shores, AL 36542

OFF-MARKET
Retail properties & Spaces
Built 1965
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This property is located in the Gulf Shores Waterway Village District South. This overlay district has special zoning to encourage walkability and redevelopment. The city of Gulf Shores is investing $15 million plus in infrastructure which is currently in the design stage. The funding has been secured. It will include a new Pedestrian Bridge over the Intracoastal to connect the North and South sides of the Waterway Village District. This property and home are located within 200' of the Pedestrian Bridge location which will also be a city park. The road in front of the home will become a city street with adjacent parking for visitors to walk to the shopping and restaurants in the District. The current heavy traffic will be rerouted to make this area more walkable, safer, quieter, and attractive for redevelopment. The home is caddy corner to Big Beach Brewery. It is a cute home that has stood the test of time.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1965

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

321 E Canal Dr Gulf Shores, AL 36542
Gulf Shores metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 321 E Canal Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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