Industrial Warehouse with Fenced
For Sale
Contact for pricing
1701 Navco Rd, Mobile, AL
29,366 SF warehouse with office and fenced yard.
Property Size29,366 SF
Lot Size2.75 Acres
Price / SF$59.59
Days on Market304
Property Features for 1701 Navco Rd
General Information
Standard status
Active
Size
29,366 SF
Lot size
2.75 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1701 Navco Rd Contact us- Size
- 19,366 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Industrial Warehouse for lease
Total Building Size: 29,366 SF (Warehouse: 27,784 SF, Office: 1,582 SF) - 19,366...
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Listing Agency:
The Weavil Company, LLC
(251) 209-9000
Listed By:
Cameron Weavil, CCIM · License #91744
(251) 209-9000
Source:
Moodyscre
Added: Oct 20, 2025
Changed: Aug 9
Last Checked: Aug 18 at 9:43AM
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 The Weavil Company, LLC
Investment Insights
Based on property information with market context.
The property features a total building size of 29,366 square feet, including a 27,784-square-foot warehouse and a 1,582-square-foot office area. The warehouse dimensions are 81 feet by 340 feet, and the office dimensions are 42 feet by 36 feet. The warehouse has a ceiling height of 16 feet at the eaves and door sizes of 16 feet wide by 15 feet 6 inches high. The property includes a stabilized and fenced yard. The warehouse is equipped with a sprinkler system throughout. The property is situated on a 2.75-acre lot and is zoned I-1 Light Industry. Recent improvements include a new roof and warehouse lighting.
Key Highlights
- Total Building Size: 29,366 SF with large warehouse (27,784 SF) and office space (1,582 SF)
- Stabilized and fenced yard on 2.75 acres
- Brand new Roof and warehouse lighting**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,758,800
$2.8M
Cap Rate 7%
$1,970,571
$2.0M
Cap Rate 9%
$1,532,667
$1.5M
Market Conditions
NOI Build-Up for 29,366 SF
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.
Gross rent
$211.4K $7.20/SF
− Vacancy
−$14.4K −$0.49/SF
EGI
$197.1K $6.71/SF
− OpEx
−$59.1K −$2.01/SF
NOI
$137.9K $4.70/SF
Area
Mobile, AL
Vacancy
6.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,758,800
Cap Rate 7%
$1,970,571
Cap Rate 9%
$1,532,667
Alternative Uses
Best Use
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,499 @ 7.0% cap · market cap 9.57%
Second Best
Industrial
$1.97M
$1.72M – $2.30M
NOI $137,940 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$7.46M
$6.53M – $8.71M
NOI $522,470 @ 7.0% cap · market cap 29.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 29,366 SF warehouse with office and fenced yard.
Where is this warehouse located?
The property is located at 1701 Navco Rd Mobile, AL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Total Building Size: 29,366 SF with **large warehouse (27,784 SF)** and office space (1,582 SF); Stabilized and fenced yard on 2.75 acres; Brand new Roof and warehouse lighting**
