Financial
Distress signals
Property profile

27121 Canal Rd Orange Beach, AL 36561

FOR LEASE
Turn key restaurants
Property ID
US03-0022761
6,829 SF 0.84 ac lot Built 1973
Last sale Mar 2025 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial building that was formerly operated as a restaurant. It contains 6,390 square feet of net usable area within an 8,226 square foot total building size, situated on a 0.84-acre lot in Orange Beach, Alabama. The building is located on Canal Road with nearly 140 feet of road frontage, providing direct access and visibility from the roadway. Nearby uses include Sam’s Stop N Shop, the Orange Beach Recreation Center, restaurants, and marinas. The property is zoned General

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$211k
Assessed land$88k
Assessed improvement$123k
Effective rate3.27%

Value estimate

· Sep 2026
$1.20M
$1.08M – $1.31M
AI approach$1.15M
Submarket $/SF estimate$947k
NOI build-up
Gross scheduled income$109k
Vacancy & credit loss−$6k
Operating expenses−$26k
NOI · 687.96% cap applied$77k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$305/SF
County average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$118 – $490

Cap rate analysis

How does the asset earn?
687.96%
$77k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBALDWIN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply12.1
Auto Repair Shop10.6
HVAC Service10.1

Location

27121 Canal Rd Orange Beach, AL 36561
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4399 Money Byu, Orange Beach, AL 36561-5870 $1,048,597 Dec 2025 6,122 SF
24281 Perdido Bch, Orange Beach, AL 36561-3057 $2,999,000 Jun 2025 6,542 SF
24701 Commercial, Orange Beach, AL 36561 $1,450,000 Dec 2024 6,841 SF
24699 Commercial, Orange Beach, AL 36561 $1,400,000 Dec 2024 7,060 SF
22638 Canal, Orange Beach, AL 36561-3801 $800,000 Mar 2024 8,532 SF
25311 Perdido Bch, Orange Beach, AL 36561-3679 $2,800,000 Oct 2022 5,884 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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