Sign Up Successful!
You now have access to more from Realmo!
    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

    Highway 90 Theodore, AL 36619

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $50,000

    1.91 acre commercial corner lot available for lease.

    Lot size:
    1.91 Acres

    Property Features for Highway 90

    General Information

    Lot size
    1.91 Acres

    We can help!

    Listing Contact
    Marl M Cummings, Iv
    Source: Moodyscre

    Listing Agent: Marl M Cummings, Iv

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Corner Land For Lease

    This 1.91-acre commercial corner lot is located in Theodore, AL, at the northeast corner of Highway 90 and Old Rock Road. The property features approximately 280 feet of frontage on Highway 90. It is suitable for retail, fast food, car lot, or warehouse use. The property is available for ground lease or build to suit for a credit tenant. The owner is open to leasing all or part of the land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.165241
    Latitude
    30.603658

    Nearby Similar for Lease

    • $14 SF/Yr
      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
    • $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
      4,672,000 SF

      RailPort Logistics Mobile: Class A Warehouses

      Prime Mobile, AL Distribution Center
      0 30.567727 -88.154822, Theodore, AL 36582
      View Details
    • $8 SF/Yr
      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
    • $4,500 /Mo
      6,056 SF

      Theodore Industrial Space For Lease

      6,056 SF industrial space; excellent location.
      5821 I 10 Industrial Pkwy S, Theodore, AL 36582
      View Details
    • $15 SF/Yr
      5,082 SF

      Bellingrath Rd Retail/Office Space

      High-traffic retail space in Theodore, AL.
      6941 Bellingrath Rd, Theodore, AL 36582
      View Details
    • Contact for pricing
      342,924 SF

      Trippel Road Warehouse Space Available

      Class A Warehouse, 80,000 SF Vacant
      6450 Trippel Rd, Theodore, AL 36582
      View Details
    • $7 SF/Yr
      20,000 SF

      Mobile Industrial Space For Lease

      Prime Theodore warehouse, 20,000 SF, I-10 access.
      5155 Mobile South St, Theodore, AL 36582
      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
    • $9 SF/Yr
      7,000 SF

      Rangeline Office/Warehouse Space Available

      Flexible Office/Warehouse in Theodore, AL
      5821 Rangeline Rd, Theodore, AL 36582
      View Details
    • $6,750 /Mo

      Theodore Office Building For Rent

      Office building on 2.73 acres near I-10.
      7670 Theodore Dawes Rd, Theodore, AL
      View Details
    • $7 SF/Yr
      96,206 SF

      Theodore, AL Industrial Space

      Large industrial space for lease in Theodore, AL.
      5212 Willis Rd, Theodore, AL 36582
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.91 acre commercial corner lot available for lease.
    Where is this commercial land located?
    The property is located at Highway 90 Theodore, AL.
    What are key features of this property?
    This property features: - Prime corner location at the intersection of HWY 90 and Old Rock Road.; - High visibility with approximately 280' of frontage on HWY 90.; - Versatile commercial use potential (retail, fast food, car lot, warehouse).
    (251) 753-0246
    Request Owner's contact information
    Highway 90 Theodore, AL 36619
    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.
    Highway 90
    Theodore, AL 36619
    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
    Highway 90 Theodore, AL 36619
    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
    Marl M Cummings, Iv
    (251) 753-0246
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.