Flexible Warehouse
For Sale
$585,000
5725 Jarrett Road, Eight Mile, AL 36613
Open-plan commercial building with a kitchen, attic office, storage outbuilding, and unrestricted land.
Property Size5,000 SF
Price / SF$117
Days on Market237
Property Features for 5725 Jarrett Road
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial/Industrial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,688
Amenities
full kitchen
attic-level office room
Building Details
Year Built
2008
Buildings
2
Listing Agency:
Kaiser Sotheby's Int Realty-Fa
(251) 656-3635
Listed By:
Kenley Cutts · License #160252
(251) 656-3635
Source:
Exitrealty
Added: Jan 4
Changed: Aug 29
Last Checked: Aug 29 at 5:39PM
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 Int Realty-Fa
Investment Insights
Based on property information with market context.
Built in 2008, the approximately 5,000-square-foot flex space occupies 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 storage outbuilding adds functional support space.
The property is situated on Jarrett Road with immediate access to Moffett Road and University Boulevard. Magnolia Grove Golf Course is nearby, and Saraland is within convenient reach. The acreage provides room for outdoor use, additional structures, expansion, or redevelopment and subdivision. The building and land are being sold as-is; the existing business will not transfer.
The property is situated on Jarrett Road with immediate access to Moffett Road and University Boulevard. Magnolia Grove Golf Course is nearby, and Saraland is within convenient reach. The acreage provides room for outdoor use, additional structures, expansion, or redevelopment and subdivision. The building and land are being sold as-is; the existing business will not transfer.
Key Highlights
- Approximately 5,000± square‑foot warehouse‑style building on just over six acres
- Unrestricted land with potential for expansion, outdoor use, additional structures, or subdivision
- Open floor plan 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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial building with a kitchen, attic office, storage outbuilding, and unrestricted land.
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: Approximately 5,000± square‑foot warehouse‑style building on just over six acres; Unrestricted land with potential for expansion, outdoor use, additional structures, or subdivision; Open floor plan with antique chandeliers and dark waxed floors
