Warehouse with Fenced
For Sale
Contact for pricing
9466 Lundy Ln W, Theodore, AL 36582
20,000± SF warehouse with 22' eave heights, four oversized ground-level doors, and a 5.5± acre fenced yard.
Property Size20,000 SF
Lot Size5.50 Acres
Price / SF$135
Days on Market1307
Property Features for 9466 Lundy Ln W
General Information
Standard status
Active
Size
20,000 SF
Lot size
5.50 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
4
Listing Agency:
CRE Mobile
(251) 438-4312
Listed By:
Pete Riehm · License #000090093
(251) 442-4349
Source:
Moodyscre
Added: Apr 4, 2023
Changed: Oct 25
Last Checked: Oct 30 at 5:06PM
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 CRE Mobile
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 20,000± SF warehouse featuring 22’ eave heights and four oversized ground-level loading doors. The site also includes a 5.5± acre fenced yard surfaced with aggregate, providing an enclosed outdoor staging and storage area.
The offering is presented as a For Sale transaction.
The combination of multiple ground-level doors and an extensive fenced yard supports a range of warehouse and distribution uses requiring both indoor functionality and secured outdoor space.
The offering is presented as a For Sale transaction.
The combination of multiple ground-level doors and an extensive fenced yard supports a range of warehouse and distribution uses requiring both indoor functionality and secured outdoor space.
Key Highlights
- 20,000± SF warehouse building with 22’ eave heights
- 4 oversized ground‑level doors
- 5.5± acres fenced yard with aggregate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,077
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,281,540
$2.3M
Cap Rate 7%
$1,629,671
$1.6M
Cap Rate 9%
$1,267,522
$1.3M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$144.0K $7.20/SF
− Vacancy
−$9.8K −$0.49/SF
EGI
$134.2K $6.71/SF
− OpEx
−$20.1K −$1.01/SF
NOI
$114.1K $5.70/SF
Area
Mobile, AL
Vacancy
6.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,281,540
Cap Rate 7%
$1,629,671
Cap Rate 9%
$1,267,522
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,077 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.08M
$4.45M – $5.93M
NOI $355,834 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
22 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36582, AL
25,903
Population
10,409
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
79.7 sq mi
ZIP Area
325
Density / Sq Mi
$61,498
Median Household Income
$37,043
Median Earnings
$916
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bellingrath Road Mini Storage — 9421 Bellingrath Rd, Theodore, AL 36582
Frequently Asked Questions
What type of property is this?
Warehouse - 20,000± SF warehouse with 22' eave heights, four oversized ground-level doors, and a 5.5± acre fenced yard.
Where is this warehouse located?
The property is located at 9466 Lundy Ln W Theodore, AL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 20,000± SF warehouse building with 22’ eave heights; 4 oversized ground‑level doors; 5.5± acres fenced yard with aggregate
