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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2020 Gulf Shrs Pkwy Gulf Shores, AL 36542

    • Grocery and convenience stores
    • 2,623 SF
    • 1.34 lot acres
    OFF-MARKET
    Last Sale
    Feb 19, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0644029
    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

    • Grocery and convenience stores

    Property Details for 2020 Gulf Shrs Pkwy

    Year built
    1996
    Lot size
    1.34 lot acres
    Property size
    2,623 SF
    Property type
    Grocery and convenience stores
    APN
    66-03-08-4-000-039
    APU
    6603084000039

    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
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6866
    Latitude
    30.273
    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
    $25,487
    $429,920
    $342,420
    $772,340
    -
    $2,149,600
    $1,712,100
    $3,861,700

    Comparable in this City

    • Value Estimation
      $745,000
      5,558 SF

      Foley Bch Expy

      CONVENIENCE STORE • 5,558 SF
      Foley Bch Expy, Gulf Shores, AL 36542
      View Details
    • Value Estimation
      $1,140,000
      8,157 SF

      7074 State Hwy 59

      CONVENIENCE STORE • 8,157 SF
      7074 State Hwy 59, Gulf Shores, AL 36542-8949
      View Details
    • Value Estimation
      $770,000
      5,143 SF

      2011 Gulf Shrs Pkwyo

      CONVENIENCE STORE • 5,143 SF
      2011 Gulf Shrs Pkwyo, Gulf Shores, AL 36542
      View Details
    • Value Estimation
      $535,000
      3,698 SF

      3694 Gulf Shrs Pkwy

      CONVENIENCE STORE • 3,698 SF
      3694 Gulf Shrs Pkwy, Gulf Shores, AL 36542
      View Details
    • Value Estimation by Request
      3,174 SF

      15827 State Hwy 180

      CONVENIENCE STORE • 3,174 SF
      15827 State Hwy 180, Gulf Shores, AL 36542-8227
      View Details
    • Value Estimation
      $1,085,000
      6,100 SF

      2105 2nd St

      CONVENIENCE STORE • 6,100 SF
      2105 2nd St, Gulf Shores, AL 36542
      View Details

    Similar Nearby for Sale

    • $275,000
      4,100 SF

      Unique Boutique on Highway 59

      Distinctive Gulf Shores boutique with established reputation and loyal customer base.
      3947 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $3,900,000
      8,016 SF

      Waterfront Mixed-Use Development Opportunity

      Unique mixed-use development with retail, STR, and food trucks.
      301 E Canal Dr, Gulf Shores, AL 36542
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    • $3,500,000

      Gulf Shores Landmarks For Sale

      Two established Gulf Shores businesses and properties for sale together.
      624 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $4,250,000
      15,000 SF

      Retail Property in Gulf Shores

      Retail property available for sale in Gulf Shores, Alabama.
      1300 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $1,450,000
      6,839 SF

      Prime Commercial Property on Highway

      High-visibility property in Gulf Shores, steps from the coast.
      616 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $2,200,000
      3,757 SF

      Retail Property in Gulf Shores

      Retail property for sale with 3,757 square feet of space.
      1220 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      4,558 SF

      Gulf Shores Retail Space for Lease

      Prime location, 4,558 SF, Embassy Suites Hotel
      112 W Beach Boulevard, Gulf Shores, AL 36542
      View Details
    • $35 SF/Yr
      1,750 SF

      New Retail Suites Available

      New retail development in Gulf Shores, completion Fall 2025.
      241 E 20Th Ave, Gulf Shores, AL 36542
      View Details
    • $1,100 /Mo
      2,543 SF

      Retail Spaces in Boutique Mall

      Retail spaces available in a dynamic Gulf Shores boutique mall.
      1544 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $19 SF/Yr
      7,742 SF

      Retail Showroom in Prime Location

      High-end retail showroom space available for lease in Gulf Shores.
      3769 Gulf Shores Pkwy, Gulf Shores, AL 36542
      View Details
    • $1,890 /Mo

      Emaral Square

      Prime Foley Location
      7857 State Highway 59, Foley, AL 36542
      View Details
    • $3,500 /Mo
      1,250 SF

      Gulf Shores Office Space For Lease

      Modern Gulf Shores office, 1250 sq ft.
      2001 W 1st St, Gulf Shores, AL 36542
      View Details
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    Gulf Shores, AL 36542
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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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