Auto Shop with Office
300 Dead Lake Rd, Creola, AL 36525
For Sale
$420,000
Three-phase power and a furnished office area support the shop’s automotive operations.
Property Size4,000 SF
Price / SF$105
Days on Market39
Property Features for 300 Dead Lake Rd
General Information
Standard status
Size
Site & Location
Highway Access
Utilities to Site
Additional Details
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
3 phase power
offices
kitchen/break area
bathrooms
Listing Agency:
Rezults Real Estate Services LLC
(251) 366-5975
Listed By:
Jim Mauldin
(251) 652-8939
Source:
Exprealty
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 6:09PM
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 Rezults Real Estate Services LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,000-square-foot auto shop includes two offices, a kitchen and break area, and bathrooms. Three-phase power serves the building. Office furniture, TVs, and computers are included in the sale.
The property is 1/2 mile from I-65 and Hwy 43. Dead Lake’s boat launch is a couple of miles away.
The property is 1/2 mile from I-65 and Hwy 43. Dead Lake’s boat launch is a couple of miles away.
Key Highlights
- 4,000sf automotive shop
- Three‑phase power
- Two offices, kitchen/break area, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,172
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,440
$383.4K
Cap Rate 7%
$273,886
$273.9K
Cap Rate 9%
$213,022
$213.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$28.8K $7.20/SF
− Vacancy
−$1.4K −$0.35/SF
EGI
$27.4K $6.85/SF
− OpEx
−$8.2K −$2.05/SF
NOI
$19.2K $4.79/SF
Area
Mobile County, AL
Vacancy
4.90%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,440
Cap Rate 7%
$273,886
Cap Rate 9%
$213,022
Alternative Uses
Best Use
Retail
$655.0K
$573.1K – $764.2K
NOI $45,851 @ 7.0% cap · market cap 10.92%
Second Best
Industrial
$273.9K
$239.7K – $319.5K
NOI $19,172 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$985.5K
$862.3K – $1.15M
NOI $68,987 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36525, AL
1,848
Population
743
Households
2.5
Avg Household Size
43
Median Age
14%
College-Educated
86%
High-School Grad
17.6 sq mi
ZIP Area
105
Density / Sq Mi
$64,779
Median Household Income
$45,868
Median Earnings
$1,065
Median Rent
$197,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Delta Trailer — 9561 Old Hwy 43, Creola, AL 36525
- Southeastern Bio Diesel Solutions — 9561 Old Hwy 43, Creola, AL 36525
- Jack's All Engine's — 321 Dead Lake Rd, Creola, AL 36525
Frequently Asked Questions
What type of property is this?
Auto shop - Three-phase power and a furnished office area support the shop’s automotive operations.
Where is this auto shop located?
The property is located at 300 Dead Lake Rd Creola, AL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 4,000sf automotive shop; Three‑phase power; Two offices, kitchen/break area, and bathrooms
