Mixed-Use Property with Workshop
For Sale
$324,900
11040 Dauphin Island Parkway, Theodore, AL 36582
A compact electric-powered building combines a one-bedroom layout with an open living and kitchen area.
Property Size908 SF
Price / SF$357.82
Days on Market418
Property Features for 11040 Dauphin Island Parkway
General Information
Standard status
Active
Size
908 SF
Total Parking Spaces
2
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$842
Amenities
Living Space Available
Building Details
Building Size
908 SF
Year Built
2018
Buildings
2
Stories
1
Listing Agency:
Grace Tyson Real Estate
Listed By:
Grace Tyson · License #46340
(251) 861-8312
Source:
Gracetysonrealestate
Added: Sep 4, 2025
Changed: Oct 24
Last Checked: Oct 24 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grace Tyson Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2018, the property includes a one-bedroom building with one and a half baths, concrete flooring, and an open living and kitchen arrangement. The building is all electric. A separate 50-by-30-foot shed is also on site.
The property sits between Greer's Food Market and the Fowl River bridge. A mobile home at the rear does not convey; it has a separate power pole.
The property sits between Greer's Food Market and the Fowl River bridge. A mobile home at the rear does not convey; it has a separate power pole.
Key Highlights
- 2018‑built building with one bedroom and one and a half baths
- Separate 50‑by‑30‑foot shed on site
- All‑electric building with concrete floors and an open living‑kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,084
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,680
$241.7K
Cap Rate 7%
$172,629
$172.6K
Cap Rate 9%
$134,267
$134.3K
Market Conditions
NOI Build-Up for 908 SF
Gross rent
$21.2K $23.40/SF
− Vacancy
−$1.9K −$2.11/SF
EGI
$19.3K $21.29/SF
− OpEx
−$7.3K −$7.99/SF
NOI
$12.1K $13.31/SF
Area
Mobile, AL
Vacancy
9.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,680
Cap Rate 7%
$172,629
Cap Rate 9%
$134,267
Alternative Uses
Best Use
Mixed Use
$172.6K
$151.1K – $201.4K
NOI $12,084 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.8K
$201.9K – $269.3K
NOI $16,155 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 36582, AL
25,903
Population
10,409
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
79.7 sq mi
ZIP Area
325
Density / Sq Mi
$61,498
Median Household Income
$37,043
Median Earnings
$916
Median Rent
$170,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - A compact electric-powered building combines a one-bedroom layout with an open living and kitchen area.
Where is this mixed-use property located?
The property is located at 11040 Dauphin Island Parkway Theodore, AL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2018‑built building with one bedroom and one and a half baths; Separate 50‑by‑30‑foot shed on site; All‑electric building with concrete floors and an open living‑kitchen area
