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    33553 Rosalia Ave Lillian, AL 36549

    View on Map
    Picture of Warehouses at 33553 Rosalia Ave, Lillian, AL
    For Lease
    $2,500 /Mo

    2,276 SF Offices with Warehouse For Lease (Floor Main, Suite 1)

    Added:
    Mar 19, 2025
    Days on Market:
    398
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 33553 Rosalia Ave

    General Information

    Standard status
    Active
    Property type
    Warehouses, Flex space, Other office properties, Industrial properties, Office properties & Spaces
    Elevators
    N/A
    Lease Term
    Flexible
    Rate Type
    Monthly

    Building Details

    Year Built
    2002
    Buildings
    2
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Mar 19, 2025

    Overview

    Office/Warehouse Space in Lillian, AL

    This commercial property in Lillian, Alabama, offers 2,276 square feet of usable space, including office and warehouse areas. The property features a 25' x 30' warehouse with a 12' x 14' electric roll-up door and 200 AMP power, suitable for equipment or material storage. Additional open-air storage is available on-site, along with other warehouse units. The office space encompasses 1,663 square feet and includes a lobby/waiting room, a large executive office with a private bathroom, a conference room, three private offices, and a storage closet/printing room convertible to additional office space. Two additional restrooms are available. The property also features paved parking. It is located 1.2 miles from the Lillian Public Boat Launch on Perdido Bay. The property is suitable for a variety of businesses and offers flexible lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ricky Wiggins Builders ... Construction Company Rosalia Storage Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Similar Places Nearby

    • Lillian Mini Storage/RV/Boat Storage — 33780 US-98, Lillian, AL 36549
    • Rosalia Storage — 33553 Rosalia Ave, Lillian, AL 36549
    • Sunset Storage LLC — 33601 US-98, Lillian, AL 36549
    • L A Store N' More — 33860 US-98, Lillian, AL 36549

    Location Insight

    • Map
    • Local Demand
    City
    Lillian
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.454661
    Latitude
    30.409233

    Nearby Similar for Lease

    • Contact for pricing

      2,500 SF 50'X50' HEATED AND COOLED WAREHOUSE For Lease (Floor Main, Suite 1)

      2,500 SF heated and cooled warehouse space for lease.
      33553 Rosalia Ave, Lillian, AL 36549
      View Details
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      104 SF Office Space For Lease in Lillian (Floor 1, Suite D)

      Affordable 104 SF office suite with shared amenities in Lillian, AL.
      34491 US-98, Lillian, AL 36549
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      108 SF Office Space For Lease in Lillian (Suite A)

      108 SF office suite in Lillian, AL. Flexible lease terms.
      34491 US-98, Lillian, AL 36549
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    • Contact for pricing

      Lillian Office Space for Lease

      Office space available for short-term lease in Lillian, Alabama.
      34491 US-98, Lillian, AL
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    FAQs

    What type of property is this?
    Warehouse - 2,276 SF Offices with Warehouse For Lease (Floor Main, Suite 1)
    Where is this warehouse located?
    The property is located at 33553 Rosalia Ave Lillian, AL.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    (888) 923-8847
    We can help!
    Listing Contact
    Paul Salter
    Learn More
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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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