Eight Mile Office/Warehouse on 4.5
4525 Schillinger Rd Eight Mile, AL 36575
4525 Schillinger Rd, Eight Mile, AL, 36575
$519,000
For Sale
$519,000
5,000SF Office/Warehouse Parcel: 4.5± AC For Sale
Property Size5,000 SF
Lot Size4.50 Acres
Price / SF$103.80
AddedFeb 12, 2025
Days on Market518
Last RefreshMar 16 at 9:06 am
Property Features for 4525 Schillinger Rd
General Information
- Standard status
- Active
- Property type
- Warehouses, Other industrial properties, Other office properties, Industrial properties, Office Spaces
- Size
- 5,000 SF
- Elevators
- N/A
- Lot size
- 4.50 Acres
Building Details
- Buildings
- 1
- Stories
- 1
Listing agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 12, 2025
Investment Insights
Based on property information with market context.
This property features a 5,000 square foot office and warehouse building situated on a 4.5-acre parcel in Eight Mile, Alabama. It is located on Schillinger Road, between Highway 98 and Lott Road. The building's layout includes private offices, training rooms, storage space, a break room, and an open floor warehouse area. Access is facilitated by two drive-in doors, one loading dock, and one dock-high door. Approximately 15 parking spaces are available. All utilities are readily accessible. The front 3.11 acres of the property are high and dry, offering potential for future expansion or development, while the rear 1.43 acres appear wet and unsuitable for development. The surrounding area includes residential neighborhoods, multi-family developments, schools, churches, and a variety of commercial businesses. The property is located in the 36575 zip code.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $7.20 |
| − Vacancy | −$2.4k | −$0.49 |
| EGI | $33.6k | $6.71 |
| − OpEx | −$5.0k | −$1.01 |
| NOI | $28.5k | $5.70 |
5,000 SF · lease $7.20/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$926.1K
$810.3K – $1.08M
NOI $64,827 @ 7.0% cap · market cap 12.49%
Second Best
Warehouse
$407.4K
$356.5K – $475.3K
NOI $28,519 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,234 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - 5,000SF Office/Warehouse Parcel: 4.5± AC For Sale
Where is this warehouse located?
The property is located at 4525 Schillinger Rd Eight Mile, AL.
What is the asking price?
The asking price for this property is $519,000.
