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    Property profile & analytics

    17058 Foley Beach Expy Foley, AL 36535

    • Warehouses
    • 5,000 SF
    • 1.10 lot acres
    For Sale
    View listing
    $698,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2860272
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 17058 Foley Beach Expy

    Year built
    1974
    Lot size
    1.10 lot acres
    Property size
    5,000 SF
    Property type
    Warehouses
    APN
    54-02-09-0-000-015.001
    APU
    5402090000015001

    Description

    This exceptional 1.1-acre commercial land parcel, located at 17058 Foley Beach Expressway in Foley, Alabama (zip code 36535), presents a remarkable investment opportunity. Priced at $698,000 ($634,545 per acre), this property boasts an unparalleled location with significant frontage on Foley Beach Expressway, offering exceptional visibility and accessibility for businesses. The site's dimensions provide ample space for a variety of commercial developments. The property includes three parcels (Key #25233, 352302, and 265762), offering flexibility in development plans. Its strategic location is further enhanced by its proximity to Highway 59 (approximately 950 feet west) and the Baldwin Beach Express (about 8/10 of a mile east). The zoning designation is 'x' (buyer to verify permitted uses). All measurements are approximate and should be independently verified by the buyer. This prime location is ideal for retail, commercial, or service-related businesses seeking high traffic exposure and a strong presence in the thriving Foley market. The property's depth and width accommodate diverse building structures, making it a versatile option for various development concepts. APN: 54-02-09-0-000-015.001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6804
    Latitude
    30.4519
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $587
    $13,540
    $4,240
    $17,780
    -
    $67,700
    $21,200
    $88,900

    Comparable in this City

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      2,688 SF

      18536 County Rd 26

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    • Value Estimation by Request
      357 SF

      11533 County Rd 26

      WAREHOUSE, STORAGE • 357 SF
      11533 County Rd 26, Foley, AL 36535
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    • Value Estimation
      $545,000
      15,762 SF

      8355 Roy Waters Rd

      WAREHOUSE, STORAGE • 15,762 SF
      8355 Roy Waters Rd, Foley, AL 36535
      View Details
    • Value Estimation by Request
      3,310 SF

      9290 Hard Dr

      WAREHOUSE, STORAGE • 3,310 SF
      9290 Hard Dr, Foley, AL 36535-3775
      View Details
    • Value Estimation
      $10,340,000
      15,650 SF

      10505 County Rd 65b

      WAREHOUSE, STORAGE • 15,650 SF
      10505 County Rd 65b, Foley, AL 36535-4563
      View Details
    • Value Estimation
      $1,890,000
      20,219 SF

      2919 Juniper St

      WAREHOUSE, STORAGE • 20,219 SF
      2919 Juniper St, Foley, AL 36535-2421
      View Details

    Similar Nearby for Sale

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      Foley Industrial Space For Sale

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    • $3,700,000
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      Foley Cold Storage Warehouse Space

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    • New
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      Foley Land on State Highway

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      Foley Industrial Land - $725,000

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      0 County Road 24, Foley, AL 36535
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    Similar Nearby for Lease

    • $10 SF/Yr
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      Foley Warehouse with Office Space

      Single tenant warehouse with office space for rent in Foley.
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      Warehouse Space on Highway 98

      Retail or warehouse space with storefront windows in Foley, AL.
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      New Foley Retail Strip Center

      Prime Foley location, 11,984 SF available
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      Foley, AL Medical Office Space

      Prime 4,740 SF medical office suite. Ideal for healthcare providers.
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    • $21 SF/Yr
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      Restaurant Space For Lease

      Restaurant space available for lease, equipment available upon request.
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    • $1,500 /Mo
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      Prime Foley, AL Land Lease Opportunity

      10 acres, Hwy 98 frontage, ideal for various uses
      0 Barin field road, Foley, AL 36535
      View Details
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    Foley, AL 36535
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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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