Automotive Shop with Office
For Sale
$375,000
4520 Hamilton Boulevard, Theodore, AL 36582
COMMERCIAL - Theodore, AL
Property Size4,800 SF
Lot Size2.91 Acres
Price / SF$78.13
Days on Market264
Property Features for 4520 Hamilton Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
x
Parking
20
Parking features
Parking Lot, Covered
Window features
Aluminum Frames
Fencing
Fenced
Lot features
Private
Standard status
Active
APN
3801020000005
Size
4,800 SF
Lot size
2.91 Acres
Taxes and HOA fees
Tax Annual Amount
1955
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1998
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Additional Structures
Other
Listing Agency:
RE/MAX Realty Professionals · RE/MAX International
(251) 661-1471
Listed By:
Nita Summerlin · License #000136799-0
(251) 753-0722
Added: Nov 18, 2025
Changed: Aug 7
Last Checked: Aug 9 at 3:06AM
MLS# 7682988
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,800-square-foot automotive shop includes an adjoining living area that can serve as office space. Built in 1998, the property features metal siding, a metal roof, concrete flooring, central heating, central air, a fenced site, and both lot and covered parking. A pond borders the rear of the 2.91-acre parcel. The tenant-occupied mobile home on the property is excluded from the sale.
The property is located at 4520 Hamilton Boulevard in Theodore, Alabama. Cable is available, and the site is positioned on an industrial road with access to nearby stores, restaurants, and major interstate highways. Equipment and tools may be negotiated separately as part of the transaction.
The property is located at 4520 Hamilton Boulevard in Theodore, Alabama. Cable is available, and the site is positioned on an industrial road with access to nearby stores, restaurants, and major interstate highways. Equipment and tools may be negotiated separately as part of the transaction.
Key Highlights
- 4,800 SF former automotive shop with adjoining living area suitable for offices
- 2.91‑acre parcel with a pond along the rear border
- Built in 1998 with metal siding, metal roof, and concrete flooring
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
$22,547
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
6.01%
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%
$450,940
$450.9K
Cap Rate 7%
$322,100
$322.1K
Cap Rate 9%
$250,522
$250.5K
Market Conditions
NOI Build-Up for 4,800 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
$34.6K $7.20/SF
− Vacancy
−$2.4K −$0.49/SF
EGI
$32.2K $6.71/SF
− OpEx
−$9.7K −$2.01/SF
NOI
$22.5K $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%
$450,940
Cap Rate 7%
$322,100
Cap Rate 9%
$250,522
Alternative Uses
Best Use
Office B
$953.3K
$834.2K – $1.11M
NOI $66,733 @ 7.0% cap · market cap 17.80%
Second Best
Retail
$907.6K
$794.2K – $1.06M
NOI $63,534 @ 7.0% cap · market cap 16.94%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,400 @ 7.0% cap · market cap 22.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 36582, AL
25,903
Population
10,409
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
79.7 sq mi
ZIP Area
325
Density / Sq Mi
$61,498
Median Household Income
$37,043
Median Earnings
$916
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- B & K Auto Repair — 4520 Hamilton Blvd, Theodore, AL 36582
Frequently Asked Questions
What type of property is this?
Auto shop - Former automotive facility with flexible office space, fenced grounds, and central heating and cooling.
Where is this auto shop located?
The property is located at 4520 Hamilton Boulevard Theodore, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4,800 SF former automotive shop with adjoining living area suitable for offices; 2.91‑acre parcel with a pond along the rear border; Built in 1998 with metal siding, metal roof, and concrete flooring
