Flex Space with Open
For Sale
$585,000
Pending
5725 Jarrett Road, Eight Mile, AL 36613
Commercial Sale, Eight Mile, AL
Property Size5,000 SF
Lot Size6.10 Acres
Days on Market255
Property Features for 5725 Jarrett Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unzoned,OtherSeeRemarks
Lot features
Some Trees
Directions
From I-65 take exit 5B onto Moffett Rd (US 98) continue west. Turn right onto Bear Fork Road. Turn left onto Jarrett Road. At 1.5 miles the property is on your left.
Subdivision
Mobile County
Standard status
Pending
APN
23-05-21-4-000-001.002
Lot size
6.10 Acres
Taxes and HOA fees
Tax Description
LOTS 1 & 2 GRAND CEDARS MBK 90 PAGE 65 AND LOT 2 OF RESUB OF LOT 2 COPELAND ACRES MBK 94 PAGE 58 AND ALSO BENGINNING AT THE SE CORNER OF SAID LOT 2 GRAND CEDARS THEN RUN SOUTH 127 FT THEN WEST 440 FT THEN NORTH 127 FT THEN EAST 440 FT TO THE POB.
Tax Annual Amount
5688
Legal Description
LOTS 1 & 2 GRAND CEDARS MBK 90 PAGE 65 AND LOT 2 OF RESUB OF LOT 2 COPELAND ACRES MBK 94 PAGE 58 AND ALSO BENGINNING AT THE SE CORNER OF SAID LOT 2 GRAND CEDARS THEN RUN SOUTH 127 FT THEN WEST 440 FT THEN NORTH 127 FT THEN EAST 440 FT TO THE POB.
Building Details
Year built
2008
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Kaiser Sotheby's International Realty - Fairhope
(251) 929-4777
Listed By:
Kenley Cutts · License #160252
(251) 656-3635
Added: Jan 3
Changed: Sep 14
Last Checked: Sep 15 at 4:06PM
MLS# 389637
Copyright © 2026 Baldwin 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 5,000+/- square-foot flex space sits on 6.1 acres and is currently configured as an event venue. The warehouse-style building has an open interior with antique chandeliers, dark waxed floors, and concrete flooring, along with an attic-level office room. A full kitchen includes an icemaker, refrigerator, industrial sink, and three below-ground grease traps. A detached 24' x 12' storage outbuilding adds functional support space.
The property is unzoned and positioned on a quiet road with immediate access to Moffett Rd and University Blvd. Its acreage provides room for outdoor activities, additional structures, expansion, or redevelopment and subdivision. Built in 2008, the property has a metal roof and is offered as building and land only; the current business does not transfer.
The property is unzoned and positioned on a quiet road with immediate access to Moffett Rd and University Blvd. Its acreage provides room for outdoor activities, additional structures, expansion, or redevelopment and subdivision. Built in 2008, the property has a metal roof and is offered as building and land only; the current business does not transfer.
Key Highlights
- 5,000+/- square‑foot warehouse‑style building on 6.1 acres
- Unzoned property with immediate access to Moffett Rd and University Blvd
- Open interior with antique chandeliers and dark waxed floors
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
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Unzoned acreage includes a warehouse-style building, kitchen, office room, and detached storage structure.
Where is this flex space located?
The property is located at 5725 Jarrett Road 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: 5,000+/- square‑foot warehouse‑style building on 6.1 acres; Unzoned property with immediate access to Moffett Rd and University Blvd; Open interior with antique chandeliers and dark waxed floors
