Turnkey Manufacturing/Service/Industrial Building For
For Sale
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21076 US-45, Citronelle, AL 36522
Turnkey light manufacturing/service/industrial building on US 45.
Property Size3,268 SF
Price / SF$60.89
Days on Market476
Property Features for 21076 US-45
General Information
Standard status
Active
Size
3,268 SF
Property subtype
Industrial, Mixed Use
Zoning
Commercial
Building Details
Year Renovated
2023
Buildings
1
Stories
1
Listing Agency:
The Land Group at RHA
(334) 412-2487
Listed By:
Bucky Henson · License #AL 79696
Source:
Crexi
Added: Apr 24, 2025
Changed: Aug 8
Last Checked: Aug 11 at 1:10PM
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 Land Group at RHA
Investment Insights
Based on property information with market context.
This turnkey light manufacturing, service, and industrial building is located on US 45, north of Citronelle, Alabama, and is conveniently situated not far from I-65, US 43, and I-10. The property offers a clean and flexible building suitable for a startup or existing business. It includes break areas, bathroom facilities, and office space. The building provides ample room for servicing or manufacturing equipment. The lot features approximately 537 feet of frontage on US 45, offering room for expansion or additional buildings and businesses. The property size is 3268 square feet.
Key Highlights
- Turnkey light manufacturing/service/industrial building.
- Excellent location on US 45 with 537' of frontage.
- Proximity to I‑65, US 43, and I‑10.
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
$15,351
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
7.71%
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%
$307,020
$307.0K
Cap Rate 7%
$219,300
$219.3K
Cap Rate 9%
$170,567
$170.6K
Market Conditions
NOI Build-Up for 3,268 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
$23.5K $7.20/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$21.9K $6.71/SF
− OpEx
−$6.6K −$2.01/SF
NOI
$15.4K $4.70/SF
Area
Mobile County, 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%
$307,020
Cap Rate 7%
$219,300
Cap Rate 9%
$170,567
Alternative Uses
Best Use
Flex RnD
$270.9K
$237.1K – $316.1K
NOI $18,965 @ 7.0% cap · market cap 9.53%
Second Best
Industrial
$219.3K
$191.9K – $255.9K
NOI $15,351 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$805.2K
$704.5K – $939.4K
NOI $56,363 @ 7.0% cap · market cap 28.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 36522, AL
7,396
Population
3,039
Households
2.4
Avg Household Size
39
Median Age
8%
College-Educated
88%
High-School Grad
233.1 sq mi
ZIP Area
32
Density / Sq Mi
$48,961
Median Household Income
$36,765
Median Earnings
$732
Median Rent
$151,500
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?
Manufacturing property - Turnkey light manufacturing/service/industrial building on US 45.
Where is this manufacturing property located?
The property is located at 21076 US-45 Citronelle, AL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Turnkey light manufacturing/service/industrial building.; Excellent location on US 45 with 537' of frontage.; Proximity to I‑65, US 43, and I‑10.
