Office/Warehouse Building Near
5771 I 10 Industrial Pkwy N Theodore, AL
For Sale
Contact for pricing
Office and warehouse space for lease near Tillman's Corner.
Property Size6,554 SF
Lot Size0.42 Acres
Price / SF$74
Days on Market245
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
Listing Agency:
Vallas Realty, Inc.
(251) 753-0556
Listed By:
David F Neubauer · License #000083873
(251) 753-0556
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:40AM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.2k | $7.20 |
| − Vacancy | −$3.2k | −$0.49 |
| EGI | $44.0k | $6.71 |
| − OpEx | −$6.6k | −$1.01 |
| NOI | $37.4k | $5.70 |
6,554 SF · lease $7.20/SF/yr · vacancy 6.80% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Dolphin Self Storage — 2715 Dauphin St, Mobile, AL 36606
- Near-by Self Storage Units — 2104 Airport Blvd suite d, Mobile, AL 36606
- Self-Storage at U-Haul — 2507 Government St, Mobile, AL 36606
- Extra Space Storage — 429 Bel Air Blvd, Mobile, AL 36606
FAQs
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.
