Add Listing
    For Lease
    • 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

    5212 Willis Rd Theodore, AL 36582

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $7 SF/Yr

    Large industrial space for lease in Theodore, AL.

    Lot size:
    100,000 SF

    Property Features for 5212 Willis Rd

    General Information

    Property type
    Other industrial properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    100,000 SF
    USF (Usable sq. ft)
    100,000 SF
    Elevators
    N/A
    Total Rate
    60416.67

    Amenities

    Building Details

    Buildings
    1
    Stories
    1

    Overview

    Theodore Industrial Space For Lease

    This industrial property, located at 5212 Willis Rd in Theodore, Alabama, offers a leasing opportunity. Constructed in 2002, the metal building provides 100,000 square feet of usable space, including 3,600 square feet of office space. The warehouse features a 27-foot clear height. Loading and unloading are facilitated by fifteen 9' x 10' dock-high doors, one 14' x 14' grade-level door, and one 9' x 10' ramp door. Safety features include ESFR fire sprinklers. The property is powered by a 600A/277 480V 3p 4w electrical system. Situated on a 6.15-acre lot, this property offers expansion potential. The lease type is NNN, and the annual rate is $7.25 per square foot. This property is suitable for a range of industrial operations.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • 100,000 sq ft industrial space available for lease in Theodore, AL.
    • Building features 27' clear height, 15 dock‑high doors, and ESFR sprinklers.
    • Located on a 6.15‑acre lot with ample power: 600A/277 480V 3p 4w.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    State
    Alabama
    Longitude
    -88.17531
    Latitude
    30.575385

    Nearby Similar for Lease

    • $9,800 /Mo
      39,853 SF

      Office/Warehouse with I-10 Access

      Stand-alone office/warehouse with fenced yard and convenient highway access.
      5425 Business Park Way, Theodore, AL 36582
      View Details
    • $6,000 /Mo
      40,946 SF

      Modern Office and Warehouse Space

      Versatile Theodore, Alabama office and warehouse space for rent.
      5578 Sermon Rd W, Theodore, AL 36582
      View Details
    • $13 SF/Yr
      5,082 SF

      Retail Space in Bellingrath Crossroads

      Retail or office spaces available in well-maintained shopping center.
      6941 Bellingrath Rd, Theodore, AL
      View Details
    • Contact for pricing

      Retail Space in Theodore, Alabama

      Retail spaces available with quick access to I-10.
      7371 Theodore Dawes Rd, Theodore, AL 36582
      View Details
    • Contact for pricing
      80,000 SF

      Theodore Industrial Building For Lease

      Industrial building with 80,000 square feet available for lease.
      6450 Trippel Rd, Theodore, AL
      View Details
    • Contact for pricing
      3,300 SF

      Retail Spaces on Old Pascagoula

      Three retail suites available for lease, can be combined.
      6105 Old Pascagoula Rd, Theodore, AL 36619
      View Details
    • $12 SF/Yr
      3,500 SF

      Flex Space with Roll-Up Doors

      Flex space available with front parking and rear roll-up access.
      5821 Rangeline Rd, Theodore, AL 36619
      View Details
    • Contact for pricing
      4,000 SF

      Gated Flex Space Available

      Flex space in multi-tenant complex, conveniently located near I-10.
      6215 Rangeline Rd, Theodore, AL 36619
      View Details
    • Contact for pricing
      6,554 SF

      Office/Warehouse Building Near I-10

      Office and warehouse space for lease near Tillman's Corner.
      5771 Industrial Pkwy N, Theodore, AL 36613
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Theodore, AL

      Retail space for lease in a busy shopping center.
      7272 Theodore Dawes Rd, Theodore, AL
      View Details
    • Contact for pricing

      Theodore Office Building For Rent

      Office building on 2.73 acres near I-10.
      7670 Theodore Dawes Rd, Theodore, AL
      View Details
    • Contact for pricing
      7,000 SF

      Retail Center Space For Lease

      Retail spaces available in Theodore, Alabama with ample parking.
      7251 Theodore Dawes Rd, Theodore, AL
      View Details

    FAQs

    What type of property is this?
    Industrial property - Large industrial space for lease in Theodore, AL.
    Where is this industrial property located?
    The property is located at 5212 Willis Rd Theodore, AL.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features:
    (251) 432-2600
    Request Owner's contact information
    5212 Willis Rd Theodore, AL 36582
    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.
    5212 Willis Rd
    Theodore, AL 36582
    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
    5212 Willis Rd Theodore, AL 36582
    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
    (251) 432-2600
    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!