Conditioned Manufacturing
For Sale
$5,975,000
21405 B Street, Mobile, AL 36606
Conditioned industrial space with rail access and excess land for storage or expansion.
Property Size88,638 SF
Price / SF$67.41
Days on Market170
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Property Features for 21405 B Street
General Information
Standard status
Active
Size
88,638 SF
Property subtype
Industrial
Warehouse & Industrial
Rail Access
Yes
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
88,638 SF
Listing Agency:
Southeast Commercial of MS, LLC
Listed By:
Monte Luffey · License #B19701
(228) 276-2700
Source:
Lacdb.resimplifi
Added: Apr 29
Changed: Oct 8
Last Checked: Oct 14 at 7:35PM
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 Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
This manufacturing property includes an 88,638-square-foot conditioned building designed for a range of industrial operations. The facility can support manufacturing, warehouse, and distribution functions, while additional land provides room for storage or future expansion.
Rail access adds an important transportation feature, and the property offers access to Interstate 10. The combination of enclosed industrial space, supplementary land, and multimodal connectivity supports users requiring substantial operating capacity and regional freight access.
Rail access adds an important transportation feature, and the property offers access to Interstate 10. The combination of enclosed industrial space, supplementary land, and multimodal connectivity supports users requiring substantial operating capacity and regional freight access.
Key Highlights
- 88,638 SF conditioned manufacturing building
- Additional land for storage or expansion
- Rail access supports freight movement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$505,577
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,111,540
$10.1M
Cap Rate 7%
$7,222,529
$7.2M
Cap Rate 9%
$5,617,522
$5.6M
Market Conditions
NOI Build-Up for 88,638 SF
Gross rent
$638.2K $7.20/SF
− Vacancy
−$43.4K −$0.49/SF
EGI
$594.8K $6.71/SF
− OpEx
−$89.2K −$1.01/SF
NOI
$505.6K $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%
$10,111,540
Cap Rate 7%
$7,222,529
Cap Rate 9%
$5,617,522
Alternative Uses
Best Use
Warehouse
$7.22M
$6.32M – $8.43M
NOI $505,577 @ 7.0% cap · market cap 8.46%
Second Best
Industrial
$5.95M
$5.20M – $6.94M
NOI $416,358 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$22.53M
$19.71M – $26.28M
NOI $1,577,019 @ 7.0% cap · market cap 26.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 36606, AL
19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Conditioned industrial space with rail access and excess land for storage or expansion.
Where is this manufacturing property located?
The property is located at 21405 B Street Mobile, AL.
What is the asking price?
The asking price for this property is $5,975,000.
What are key features of this property?
This property features: 88,638 SF conditioned manufacturing building; Additional land for storage or expansion; Rail access supports freight movement
