Office/Warehouse Building Near
For Sale
Contact for pricing
5771 I 10 Industrial Pkwy N, Theodore, AL
Office and warehouse space for lease near Tillman's Corner.
Property Size6,554 SF
Lot Size0.42 Acres
Price / SF$74
Days on Market324
Property Features for 5771 I 10 Industrial Pkwy N
General Information
Standard status
Active
Size
6,554 SF
Lot size
0.42 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 5771 I 10 Industrial Pkwy N
Office / Warehouse for Lease in Theodore
AVAILABLE, Now
Floor
1
Size
6,554 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
Large office / warehouse building for sale or lease just south of Tillman’s Corner area in Theodore. Property is located just off Highway 90 on I-10 Industrial Parkway North, and is less than 1 mile from Interstate 10. The building has ±2,280 SF of newly remodeled office space and ±4,374 SF of warehouse space that includes one ground level roll-up door and one truck well with roll-up door. Office area includes 7 private offices, 2 conference / meeting rooms, 2 common areas, break area & 2 ADA restrooms. Exterior of the building recently repainted.
Contact us
Listing Agency:
Vallas Realty, Inc.
(251) 344-1444
Listed By:
David F Neubauer
(251) 753-0556
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 13
Last Checked: Oct 12 at 9:53PM
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 Vallas Realty, Inc.
Investment Insights
Based on property information with market context.
This large office and warehouse building is available for lease just south of Tillman’s Corner in Theodore. The property is located just off Highway 90 on I-10 Industrial Parkway North, less than 1 mile from Interstate 10. The building contains approximately 2,280 square feet of newly remodeled office space and approximately 4,374 square feet of warehouse space. The warehouse includes one ground-level roll-up door and one truck well with a roll-up door. The office area features 7 private offices, 2 conference or meeting rooms, 2 common areas, a break area, and 2 ADA restrooms. The exterior of the building was recently painted. The property is available for lease.
Key Highlights
- Strategic location: Less than 1 mile from Interstate 10 and just off Highway 90, providing excellent accessibility.
- Ample Space: ±2,280 SF of newly remodeled office space and ±4,374 SF of warehouse space.
- Functional Warehouse: Includes one ground‑level roll‑up door and one truck well with roll‑up door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,383
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,660
$747.7K
Cap Rate 7%
$534,043
$534.0K
Cap Rate 9%
$415,367
$415.4K
Market Conditions
NOI Build-Up for 6,554 SF
Gross rent
$47.2K $7.20/SF
− Vacancy
−$3.2K −$0.49/SF
EGI
$44.0K $6.71/SF
− OpEx
−$6.6K −$1.01/SF
NOI
$37.4K $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%
$747,660
Cap Rate 7%
$534,043
Cap Rate 9%
$415,367
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,119 @ 7.0% cap · market cap 18.79%
Second Best
Warehouse
$534.0K
$467.3K – $623.1K
NOI $37,383 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,607 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse space for lease near Tillman's Corner.
Where is this warehouse located?
The property is located at 5771 I 10 Industrial Pkwy N Theodore, AL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Strategic location: Less than 1 mile from Interstate 10 and just off Highway 90, providing excellent accessibility.; Ample Space: **±2,280 SF of newly remodeled office space and ±4,374 SF of warehouse space.**; Functional Warehouse: Includes one ground‑level roll‑up door and one truck well with roll‑up door.
