Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22425 Racine Street Robertsdale, AL 36567

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $314,000

    42 Units, .46-Acre Corner Lot, High Visibility

    Property size:
    2,897 SF

    Property Features for 22425 Racine Street

    General Information

    Property type
    Warehouses
    Square Feet
    2,897 SF
    Price / Square Foot
    $108
    Elevators
    N/A
    Lot Size
    19,241 SF

    Building Details

    Year Built
    1985
    Buildings
    3
    Stories
    1
    Units
    42

    Overview

    Robertsdale Self-Storage Investment Opportunity

    This property features 42 self-storage units, totaling 2,897 square feet. Situated on a 0.46-acre corner lot in Robertsdale, Alabama, the property is located one block from Highway 59, providing high visibility and convenient access. The location near Highway 59 ensures accessibility and exposure to a large potential customer base. The configuration of 42 individual storage units provides a foundation for immediate income generation. This property is an acquisition opportunity for investors. The property is located at 22425 Racine Street, Robertsdale, AL 36567.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Prime Robertsdale location, just off Highway 59.
    • 42 self‑storage units on a sizable 0.46‑acre corner lot.
    • 2,897 square feet of rentable self‑storage space available for purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Central Baldwin Mini ... Storage Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Robertsdale
    State
    Alabama
    Longitude
    -87.710761
    Latitude
    30.551786

    Nearby Comparable

    • $200,000
      1.03 Acres

      Development Opportunity in Robertsdale, AL

      Large parcel ideal for multi-family or craftsman home development.
      W Hammond St, Robertsdale, AL 36567
      View Details
    • $495,000

      Commercial Land on Highway 59

      Commercial lot available on Highway 59 in Robertsdale, Alabama.
      59 Robertsdale, Robertsdale, AL
      View Details
    • $750,000

      Commercial Land with Easement

      Commercial land for sale with included easement.
      Commercial, Robertsdale, AL
      View Details
    • $645,000

      Retail Store in Robertsdale, AL

      Retail store with high visibility and traffic off Hwy 59.
      22492 Al-59, Robertsdale, AL
      View Details
    • $140,000
      0.68 Acres

      Commercial Land in Robertsdale, AL

      Commercial land with development potential in the heart of Robertsdale.
      Chicago St, Robertsdale, AL 36567
      View Details
    • $650,000

      Prime Development Site in Mobile

      17,700 SF vacant land in Mobile's Central Business District.
      22783 Chicago St, Robertsdale, AL 36567
      View Details
    • $140,000
      0.61 Acres

      Robertsdale Land with Redevelopment Potential

      Corner parcel in Robertsdale with utilities and redevelopment potential.
      22995 E Chicago St, Robertsdale, AL 36567
      View Details
    • Contact for pricing

      Commercial Land on Highway 59

      Commercial lots for sale in Robertsdale, high-traffic location.
      23445 County Road 54, Robertsdale, AL 36567
      View Details

    Nearby Similar for Sale

    • $645,000

      Retail Store in Robertsdale, AL

      Retail store with high visibility and traffic off Hwy 59.
      22492 Al-59, Robertsdale, AL
      View Details

    FAQs

    What type of property is this?
    Warehouse - 42 Units, .46-Acre Corner Lot, High Visibility
    Where is this warehouse located?
    The property is located at 22425 Racine Street Robertsdale, AL.
    What is the asking price?
    The asking price for this property is $314,000.
    What are key features of this property?
    This property features: Prime Robertsdale location, just off Highway 59.; 42 self-storage units on a sizable 0.46-acre corner lot.; 2,897 square feet of rentable self-storage space available for purchase.
    (850) 564-0120
    Request Owner's contact information
    22425 Racine Street Robertsdale, AL 36567
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22425 Racine Street
    Robertsdale, AL 36567
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    22425 Racine Street Robertsdale, AL 36567
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Salter
    (850) 564-0120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!