West Mobile Warehouse
For Sale
Contact for pricing
7871 Schillinger Park W, Mobile, AL 36608
14,402 SF warehouse on 2.19 acres in West Mobile.
Property Size14,402 SF
Lot Size2.19 Acres
Price / SF$69.37
Days on Market163
Property Features for 7871 Schillinger Park W
General Information
Standard status
Active
Size
14,402 SF
Class
C
Total Parking Spaces
60
Lot size
2.19 Acres
Property subtype
Industrial
Zoning
B-3
Building Details
Year Built
1980
Year Renovated
1989
Buildings
1
Stories
1
Units
6
Listing Agency:
Merrill P. Thomas
(251) 476-0808
Listed By:
Pratt Thomas · License #AL 83919
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 8 at 2:50PM
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 Merrill P. Thomas
Investment Insights
Based on property information with market context.
This 14,402 SF warehouse facility is located at 7871 & 7851 Schillinger Park West in Mobile, AL. The property is situated on 2.19 acres with all asphalt pavement and a fully fenced yard. It is zoned B-3, allowing for a wide range of commercial and industrial uses. The warehouse features 20' eave heights with 18.5' clear height. The loading structure includes 16 van-height loading positions with 5 loading doors, and 7 dock-high positions (48”). Ample parking is available with 22 auto spaces and 37 van/truck spaces. A pole barn provides outdoor covered storage. Recent improvements include remodeled restrooms, new flooring in the office area, replacement of entry doors, overhead doors, dock shelters, and seals, replacement of dock gutters, and improvements to the back parking lot.
Key Highlights
- 14,402 SF warehouse facility on 2.19 acres with fully fenced yard.
- Excellent loading capabilities: features 5 loading doors and 7 dock‑high positions (48”) alongside 16 van‑height loading positions.
- B‑3 zoning allows for a wide range of commercial and industrial uses.
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
$82,147
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
8.22%
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%
$1,642,940
$1.6M
Cap Rate 7%
$1,173,529
$1.2M
Cap Rate 9%
$912,744
$912.7K
Market Conditions
NOI Build-Up for 14,402 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
$103.7K $7.20/SF
− Vacancy
−$7.1K −$0.49/SF
EGI
$96.6K $6.71/SF
− OpEx
−$14.5K −$1.01/SF
NOI
$82.1K $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 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%
$1,642,940
Cap Rate 7%
$1,173,529
Cap Rate 9%
$912,744
Alternative Uses
Best Use
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,147 @ 7.0% cap · market cap 8.22%
Second Best
Industrial
$966.4K
$845.6K – $1.13M
NOI $67,650 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,236 @ 7.0% cap · market cap 25.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36608, AL
39,782
Population
17,690
Households
2.2
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
65.1 sq mi
ZIP Area
611
Density / Sq Mi
$64,372
Median Household Income
$37,530
Median Earnings
$1,045
Median Rent
$234,400
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.
Similar Off Market Nearby
- The Storage Center — 99 Schillinger Rd S, Mobile, AL 36608
- A Schillinger Self Storage — 7841 Airport Blvd, Mobile, AL 36608
- Storage Rentals of America — 7870 Tanner Williams Rd, Mobile, AL 36608
Frequently Asked Questions
What type of property is this?
Warehouse - 14,402 SF warehouse on 2.19 acres in West Mobile.
Where is this warehouse located?
The property is located at 7871 Schillinger Park W Mobile, AL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 14,402 SF warehouse facility on 2.19 acres with fully fenced yard.; Excellent loading capabilities: features 5 loading doors and 7 dock‑high positions (48”) alongside 16 van‑height loading positions.; B‑3 zoning allows for a wide range of commercial and industrial uses.
