Add Listing
    For Sale
    • 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

    Us Hwy 90 Theodore, AL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with frontage on US HWY 90 in Theodore, AL.

    Lot size:
    6.30 Acres

    Property Features for Us Hwy 90

    General Information

    Lot size
    6.30 Acres

    We can help!

    Listing Contact
    Brandon Broadus, Ccim
    Brandon Broadus, Ccim
    Source: Moodyscre

    Listing Agency: CRE Mobile Listing Agent: Brandon Broadus, Ccim

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

    Learn more

    Overview

    Land on US HWY 90

    Located directly on US HWY 90, this property features 493 feet of frontage. It includes two hard corners, with 419 feet on Shasta Avenue and 518 feet on Tung Avenue. The site is situated three miles from Interstate 10 and approximately 4.5 miles from the new WalMart distribution center, a 2.9 million square foot facility on 400 acres, which is expected to bring more than 550 jobs to the area and substantially increase business at Mobile’s container terminal at the port. Additionally, the property is approximately 3.5 miles from the new Amazon sortation center site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1047287
    Latitude
    30.6809949

    Nearby Similar for Sale

    • $435,000
      4,800 SF

      Theodore Automotive Shop with Living

      Former automotive shop with living area on a 2.91-acre lot.
      4520 Hamilton Blvd, Theodore, AL 36582
      View Details
    • $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Well-maintained office-warehouse with office and warehouse space for sale.
      3515 Hurricane Bay Dr, Theodore, AL 36582
      View Details
    • $149,000
      0.36 Acres

      Waterfront Lot with Boat Slip

      Waterfront lot with bayou views and boat slip.
      10775 Jim Busby Rd N, Theodore, AL 36582
      View Details
    • $735,000
      9,016 SF

      Dollar General Investment Opportunity

      High-traffic West Mobile County retail property.
      7519 Theodore Dawes Rd, Theodore, AL 36582
      View Details
    • $775,000
      2,701 SF

      Prime Theodore Retail Space

      High-traffic corner lot, 2,701 SF bank building.
      5826 Highway 90, Theodore, AL 36582
      View Details
    • $419,000
      5,000 SF

      Theodore, AL Industrial Property

      Ready-to-use shop; high visibility location.
      5450 Willis Rd, Theodore, AL 36582
      View Details
    • $218,000
      2,223 SF

      Theodore Industrial Office - I-10 Access

      Free-standing building, ideal for industrial users. Prime I-10 location.
      5715 I-10 Industrial Pkwy, Theodore, AL 36582
      View Details
    • $995,000

      Office/Warehouse with Large Yard

      11,407 SF office/warehouse on 2.3 acres near I-10.
      5975 Rangeline Rd, Theodore, AL
      View Details
    • $8,900,000
      117,500 SF

      Prime Theodore Industrial Campus

      88-acre industrial campus with 117,500 SF of buildings
      4405 Dawes Rd, Theodore, AL 36582
      View Details
    • $900,000

      Office/Warehouse with Lay Down Yard

      7,500 SF office/warehouse with fenced lay down yard.
      5705 Rabbit Creek Dr, Theodore, AL 36606
      View Details
    • $3,650,000
      20,000 SF

      Prime Theodore Warehouse - 20,000 SF

      Spacious warehouse, 5.5 acres, ideal for distribution.
      9361 Lundy Ln, Theodore, AL 36582
      View Details
    • Contact for pricing
      8,000 SF

      Freestanding Building in Fowl River

      8,000 SF building suitable for retail, office, or storage.
      10800 Dauphin Island Pkwy, Theodore, AL
      View Details

    FAQs

    What type of property is this?
    Land - Land with frontage on US HWY 90 in Theodore, AL.
    Where is this land located?
    The property is located at Us Hwy 90 Theodore, AL.
    What are key features of this property?
    This property features: - Directly on US HWY 90 with 493’ of frontage.; - Two hard corners with 419’ on Shasta Avenue and 518’ on Tung Avenue.; - Three miles from Interstate 10.
    (251) 288-7786 Call to check price and availability
    Request Owner's contact information
    Us Hwy 90 Theodore, AL
    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.
    Us Hwy 90
    Theodore, AL
    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
    Us Hwy 90 Theodore, AL
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Broadus, Ccim
    Brandon Broadus, Ccim
    Real Estate License ID: 000113914
    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!