Flex Space with Open
For Sale
$585,000
Pending
5725 Jarrett Rd, Eight Mile, AL 36613
Unrestricted commercial property combines an open warehouse layout with office, kitchen, and detached storage.
Property Size5,000 SF
Days on Market125
Property Features for 5725 Jarrett Rd
General Information
Standard status
Pending
Size
5,000 SF
Additional Details
Road Access
Yes
Warehouse Space
5,000 SF
Building Details
Buildings
2
Building Size
5,000 SF
Listing Agency:
Kaiser Sotheby's International Realty - Fairhope
(251) 656-3635
Listed By:
Kenley Cutts
(251) 656-3635
Source:
Exprealty
Added: Apr 8
Changed: Aug 10
Last Checked: Aug 10 at 4:51AM
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 Kaiser Sotheby's International Realty - Fairhope
Investment Insights
Based on property information with market context.
This flex-space property includes an approximately 5,000± square-foot warehouse-style building on just over six acres of unrestricted land. The main building offers an open interior with antique chandeliers, dark waxed floors, an attic-level office room, and a full kitchen equipped with an icemaker, refrigerator, industrial sink, and three below-ground grease traps. A detached 24' x 12' storage outbuilding adds separate utility space.
The property is reached from a quiet road with immediate access to Moffett Rd and University Blvd. Magnolia Grove Golf Course is nearby, and the site is in proximity to Saraland. The current event business will not convey; the offering consists of the building and land, sold AS IS. Any future use, expansion, additional structures, or subdivision should be independently verified during due diligence.
The property is reached from a quiet road with immediate access to Moffett Rd and University Blvd. Magnolia Grove Golf Course is nearby, and the site is in proximity to Saraland. The current event business will not convey; the offering consists of the building and land, sold AS IS. Any future use, expansion, additional structures, or subdivision should be independently verified during due diligence.
Key Highlights
- Approximately 5,000± square‑foot warehouse‑style building
- Just over six acres of unrestricted land
- Open interior with attic‑level office room
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
$29,016
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
4.96%
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%
$580,320
$580.3K
Cap Rate 7%
$414,514
$414.5K
Cap Rate 9%
$322,400
$322.4K
Market Conditions
NOI Build-Up for 5,000 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
$48.0K $9.60/SF
− Vacancy
−$3.4K −$0.67/SF
EGI
$44.6K $8.93/SF
− OpEx
−$15.6K −$3.12/SF
NOI
$29.0K $5.80/SF
Area
Mobile County, AL
Vacancy
7.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
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%
$580,320
Cap Rate 7%
$414,514
Cap Rate 9%
$322,400
Alternative Uses
Best Use
Flex RnD
$414.5K
$362.7K – $483.6K
NOI $29,016 @ 7.0% cap · market cap 4.96%
Second Best
Warehouse
$407.4K
$356.5K – $475.3K
NOI $28,519 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,234 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36613, AL
12,383
Population
4,890
Households
2.5
Avg Household Size
43
Median Age
15%
College-Educated
83%
High-School Grad
52.0 sq mi
ZIP Area
238
Density / Sq Mi
$49,317
Median Household Income
$35,509
Median Earnings
$1,233
Median Rent
$145,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Unrestricted commercial property combines an open warehouse layout with office, kitchen, and detached storage.
Where is this flex space located?
The property is located at 5725 Jarrett Rd Eight Mile, AL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Approximately 5,000± square‑foot warehouse‑style building; Just over six acres of unrestricted land; Open interior with attic‑level office room
