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

    11118 Hwy 31 Spanish Fort, AL 36527

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    14,000 sqft industrial building with office and warehouse space.

    Type:INDUSTRIAL
    Property size:
    14,000 SF
    Lot size:
    2.00 Acres
    Added:
    Dec 1, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 5 at 8:23 pm

    Property Features for 11118 Hwy 31

    General Information

    Standard status
    Active
    Size
    14,000 SF
    Lot size
    2.00 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 11118 Hwy 31 Contact us

    We can help!

    Listing Contact
    Marl M Cummings, IV

    Listing agent Marl M Cummings, IV

    Listing office Cummings & Associates, Inc.

    Listing date Dec 1, 2025

    Source Moodyscre

    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 Cummings & Associates, Inc.

    Overview

    Industrial Building on Highway 31

    This 14,000 sqft industrial building is situated on 2 acres along Highway 31 in Spanish Fort, east of Highway 181. The building features 4,000 sqft of office space and 10,000 sqft of warehouse space. Ground-level roll-up doors provide access to the warehouse area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • Elite Storage USA — 10867 Old Hwy 31, Spanish Fort, AL 36527
    • Tellus Self Storage - Spanish Fort — 11075 Hwy 31, Spanish Fort, AL 36527
    • Old Highway 31 Storage — 11045 Old Hwy 31, Spanish Fort, AL 36527
    • Tellus Self Storage - Air Control ( Spanish Fort ) — 30961 Bryars Ln, Spanish Fort, AL 36527
    • Tellus Storage — 200 Bryars Ln, Spanish Fort, AL 36527

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8309
    Latitude
    30.6761

    Nearby Similar for Lease

    • $1,375/Mo

      Office and Retail Space Available

      Office and retail spaces for lease with high visibility.
      8531 Spanish Fort Blvd, Spanish Fort, AL
      View Details
    • Contact for pricing

      Restaurant Space Available For Lease

      1,200 SF restaurant space for lease in Spanish Fort.
      30362 State Highway 181, Spanish Fort, AL
      View Details
    • $1,500/Mo

      800 SF Office/Retail For Lease - Barrack's Park (3 Suites Available)

      800 sq ft office/retail space in Barrack's Park complex.
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $2,800/Mo

      1,600 SF Office/Retail For Lease - Barrack's Park

      1,600 SF office/retail space in high-traffic Spanish Fort, AL.
      8531 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $1,100/Mo

      104 SF Full-service office For Lease, all amenities $1100 monthly

      104 sq ft office space with utilities included.
      7817 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $15 SF/Yr

      Retail Space in Eastern Shore

      Premier retail location available for short-term rental.
      30500 Hwy 181, Spanish Fort, AL
      View Details
    • $16 SF/Yr

      1,400 - 9,604 SF Spaces Available at Spanish Fort Town Center For Lease

      Retail, restaurant, or office spaces available in Spanish Fort Town Center.
      22500 Town Center Ave, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr

      2,989 SF Spanish Fort Office Building (Suite C)

      2,989 sq ft office suite on Spanish Fort Blvd.
      7884 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • $16 SF/Yr

      Spanish Fort Town Center Retail

      Retail, restaurant, and office spaces available for lease.
      22500 Town Center Ave, Spanish Fort, AL
      View Details
    • $24 SF/Yr

      2,300 - 4,000 SF Office Space For Lease in Spanish Fort!

      Flexible office space in Spanish Fort with high visibility.
      30179 Eastern Shore Ct, Spanish Fort, AL 36527
      View Details
    • $18 SF/Yr

      1,200 SF Blakely Square End Cap - Retail For Lease

      Prime end-cap retail space in Spanish Fort, Alabama.
      6729 Spanish Fort Blvd, Spanish Fort, AL 36527
      View Details
    • Contact for pricing

      Commercial Building in Spanish Fort

      4,768 SF commercial building with expansion potential in Spanish Fort.
      30752 Ember Ln, Spanish Fort, AL
      View Details

    FAQs

    What type of property is this?
    Warehouse - 14,000 sqft industrial building with office and warehouse space.
    Where is this warehouse located?
    The property is located at 11118 Hwy 31 Spanish Fort, AL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 14,000 sqft Industrial building; Located on 2 acres on Hwy 31 in Spanish Fort; Includes 10,000 sqft of warehouse space
    (251) 753-0246 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marl M Cummings, IV
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!