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Building Details

Year Built 2006

Buildings 1

Stories 1

Units 2

Building Size 10,055 SF

Listing Agency: Cooper & Co Inc., REALTORS

Listed By: Anthony Cooper · License #AL 000008292 Show Phone

Source: Crexi

Added: Apr 9 Changed: Oct 7 Last Checked: Oct 14 at 10:44PM

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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 Cooper & Co Inc., REALTORS

Investment Insights

Based on property information with market context.

This 2006 industrial warehouse contains approximately 10,055 square feet on a 1.33-acre parcel. The building measures approximately 50.2 feet by 200.3 feet and has a 20-foot eave height. Interior space is divided into two warehouse units of approximately 5,000 square feet each, supporting single-user or multi-tenant occupancy. The property is currently vacant and was previously used for moving and storage.

Located at 5670 Middle Road in Theodore, the site is in Mobile County and offers access to Interstate 10 through U.S. Highway 90. Interstate 10 Exit 15 is approximately 2.5 to 3 miles away. The sale is subject to Mobile County's final approval of a new three-lot subdivision.

Key Highlights

• Approximately 10,055 SF industrial warehouse on 1.33 acres
• Two warehouse units of approximately 5,000 SF each
• 20‑foot eave height and approximately 50.2' x 200.3' building dimensions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,352

Cap Rate

7.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,147,040 $1.1M

Cap Rate 7%

$819,314 $819.3K

Cap Rate 9%

$637,244 $637.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,055 SF

Gross rent

$72.4K $7.20/SF

− Vacancy

−$4.9K −$0.49/SF

EGI

$67.5K $6.71/SF

− OpEx

−$10.1K −$1.01/SF

NOI

$57.4K $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%

$1,147,040

Cap Rate 7%

$819,314

Cap Rate 9%

$637,244

Alternative Uses

Best Use

Warehouse

$819.3K

$716.9K – $955.9K (±1% cap)

NOI $57,352 @ 7.0% cap · market cap 7.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.56M

$2.24M – $2.98M (±1% cap)

NOI $178,895 @ 7.0% cap · market cap 23.85%

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

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Big Box & Wholesale Store Grocery & Convenience Store Garden Center

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Well-served

Demand for This Use

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 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 - Vacant industrial facility with flexible warehouse configuration and regional highway access in Theodore.

Where is this warehouse located?

The property is located at 5670 Middle Road Theodore, AL.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Approximately 10,055 SF industrial warehouse on 1.33 acres; Two warehouse units of approximately 5,000 SF each; 20‑foot eave height and approximately 50.2' x 200.3' building dimensions