Class A Self-Storage
For Sale
Contact for pricing
11967 Airport Blvd, Mobile, AL 36608
Brand-new 2022 storage facility with a mix of traditional and climate-controlled units and 363 total units.
Property Size42,115 SF
Price / SF$110.01
Days on Market399
Property Features for 11967 Airport Blvd
General Information
Standard status
Active
Size
42,115 SF
Property subtype
INDUSTRIAL
Listing Agency:
RIPCO Real Estate | Tampa
(732) 742-9250
Listed By:
Jack Kaiser · License #FL SL505393
(732) 742-9250
Source:
Moodyscre
Added: Jun 27, 2025
Changed: Jul 28
Last Checked: Jul 30 at 9:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate | Tampa
Investment Insights
Based on property information with market context.
This Class A self-storage facility was built in 2022 and is presented in pristine condition. The property offers a diverse unit mix of traditional storage and climate-controlled storage, with 363 total units totaling approximately 42,115 gross rentable square feet.
In addition to the built improvements, vacant land is available. The additional site creates development and expansion flexibility, including the ability to construct conventional storage units or add paved and covered parking spaces.
The offering combines turn-key storage improvements with an on-site option for further capacity growth, supported by the existing unit mix and the availability of land for expansion.
In addition to the built improvements, vacant land is available. The additional site creates development and expansion flexibility, including the ability to construct conventional storage units or add paved and covered parking spaces.
The offering combines turn-key storage improvements with an on-site option for further capacity growth, supported by the existing unit mix and the availability of land for expansion.
Key Highlights
- Brand‑new 2022 Class A storage facility in Mobile, AL
- 363 units totaling ±42,115 gross rentable square feet
- Unit mix includes both traditional and climate‑controlled storage
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $303.2k | $7.20 |
| − Vacancy | −$20.6k | −$0.49 |
| EGI | $282.6k | $6.71 |
| − OpEx | −$42.4k | −$1.01 |
| NOI | $240.2k | $5.70 |
42,115 SF · lease $7.20/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Self Storage
$6.71M
$5.87M – $7.82M
NOI $469,359 @ 7.0% cap · market cap 10.13%
Second Best
Warehouse
$3.43M
$3.00M – $4.00M
NOI $240,217 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$10.70M
$9.37M – $12.49M
NOI $749,297 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 36608, AL
39,782
Population
17,690
Households
2.2
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
65.1 sq mi
ZIP Area
611
Density / Sq Mi
$64,372
Median Household Income
$37,530
Median Earnings
$1,045
Median Rent
$234,400
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?
Self storage facility - Brand-new 2022 storage facility with a mix of traditional and climate-controlled units and 363 total units.
Where is this self storage facility located?
The property is located at 11967 Airport Blvd Mobile, AL.
What is the asking price?
The asking price for this property is $4,633,000.
What are key features of this property?
This property features: Brand‑new 2022 Class A storage facility in Mobile, AL; 363 units totaling ±42,115 gross rentable square feet; Unit mix includes both traditional and climate‑controlled storage
