Theodore Warehouse with Large Fenced
For Sale
$3,650,000
9466 Bellingrath Rd, Mobile, AL 36582
20,000 SF Warehouse with 5.5 AC Yard For Sale/Lease
Property Size20,000 SF
Lot Size5.50 Acres
Price / SF$182.50
Days on Market609
Property Features for 9466 Bellingrath Rd
General Information
Standard status
Active
Property type
Distribution properties, Warehouses, Other industrial properties, Industrial properties
Size
20,000 SF
Elevators
N/A
Lot size
5.50 Acres
Building Details
Year Built
2009
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 12, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This industrial property in Theodore, Alabama, features a 20,000 square foot warehouse with 22-foot eave heights. The property includes a 5.5-acre fenced yard with aggregate surfacing. Four oversized ground-level doors facilitate loading and unloading. Located at 9466 Bellingrath Rd, Theodore, AL 36582, the property is positioned for access to transportation routes. The property is suitable for industrial and distribution businesses needing indoor and outdoor storage and operational space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,077
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,281,540
$2.3M
Cap Rate 7%
$1,629,671
$1.6M
Cap Rate 9%
$1,267,522
$1.3M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$144.0K $7.20/SF
− Vacancy
−$9.8K −$0.49/SF
EGI
$134.2K $6.71/SF
− OpEx
−$20.1K −$1.01/SF
NOI
$114.1K $5.70/SF
Area
Mobile, AL
Vacancy
6.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,281,540
Cap Rate 7%
$1,629,671
Cap Rate 9%
$1,267,522
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,077 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,946 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$5.08M
$4.45M – $5.93M
NOI $355,834 @ 7.0% cap · market cap 9.75%
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
7
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution property - 20,000 SF Warehouse with 5.5 AC Yard For Sale/Lease
Where is this distribution property located?
The property is located at 9466 Bellingrath Rd Mobile, AL.
What is the asking price?
The asking price for this property is $3,650,000.
