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Building Details

Buildings 1

Building Size 19,786 SF

Listing Agency: The Weavil Company, LLC Show Phone

Listed By: Cameron Weavil, CCIM · License #91744 Show Phone

Source: Moodyscre

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 2:50AM

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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.

This warehouse property contains approximately 19,786 square feet, including 2,800 square feet of office space and a mezzanine above the office. Loading is served by four roll-up dock-high doors and one drive-in door, with a 16-foot eave height. The 4.34-acre site includes a large concrete yard.

Located on Paper Mill Road near Cochrane Boulevard, the property is close to the Port of Mobile and I-165. I-2 heavy industrial zoning is in place.

Key Highlights

• Approximately 19,786 square feet, including 2,800 square feet of office space
• 4.34‑acre site with a large concrete yard
• Four roll‑up dock‑high doors and one drive‑in door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$112,856

Cap Rate

6.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,257,120 $2.3M

Cap Rate 7%

$1,612,229 $1.6M

Cap Rate 9%

$1,253,956 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,786 SF

Gross rent

$142.5K $7.20/SF

− Vacancy

−$9.7K −$0.49/SF

EGI

$132.8K $6.71/SF

− OpEx

−$19.9K −$1.01/SF

NOI

$112.9K $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%

$2,257,120

Cap Rate 7%

$1,612,229

Cap Rate 9%

$1,253,956

Alternative Uses

Best Use

Warehouse

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,856 @ 7.0% cap · market cap 6.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.03M

$4.40M – $5.87M (±1% cap)

NOI $352,026 @ 7.0% cap · market cap 19.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Shapiro Environmental Consultant

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage Law Firm Building Supply Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Dock-high doors

1

Drive-in doors

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

84

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 36610, AL

9,699

Population

5,203

Households

1.9

Avg Household Size

41

Median Age

9%

College-Educated

83%

High-School Grad

7.6 sq mi

ZIP Area

1,276

Density / Sq Mi

$27,098

Median Household Income

$27,360

Median Earnings

$675

Median Rent

$56,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Heavy industrial zoning, office space, and multiple loading options support a range of warehouse operations.

Where is this warehouse located?

The property is located at 2500 Paper Mill Rd Mobile, AL.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Approximately 19,786 square feet, including 2,800 square feet of office space; 4.34‑acre site with a large concrete yard; Four roll‑up dock‑high doors and one drive‑in door