Metal Warehouse with Roll-Up
For Sale
Contact for pricing
801 Schillinger Rd N, Mobile, AL 36608
Metal warehouse with office space, storage, concrete parking, and city water available at the property.
Property Size1,800 SF
Price / SF$144.39
Days on Market10
Property Features for 801 Schillinger Rd N
General Information
Standard status
Active
Size
1,800 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Height
14 ft
Building Details
Buildings
1
Building Size
1,800 SF
Construction
metal
Listing Agency:
Ty Irby Realty & Development
(251) 649-1000
Listed By:
Cynthia Byrd · License #40705
(251) 402-2143
Source:
Moodyscre
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 26 at 1:43PM
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 Ty Irby Realty & Development
Investment Insights
Based on property information with market context.
This 1,800-square-foot metal warehouse includes two interior offices, storage above the offices, and one restroom. The building has two roll-up doors, two entry doors, concrete parking, a 16-foot eave height, and a 14-foot ceiling height. City water is available at the property.
The property is positioned near Schillinger Road North and Zeigler Boulevard in Mobile, providing a commercial setting for warehouse and related business operations. The roll-up access, office component, storage area, and on-site parking create a practical combination of workspace and support areas.
The property is positioned near Schillinger Road North and Zeigler Boulevard in Mobile, providing a commercial setting for warehouse and related business operations. The roll-up access, office component, storage area, and on-site parking create a practical combination of workspace and support areas.
Key Highlights
- 1,800‑square‑foot metal warehouse
- Two 10x10 roll‑up doors
- Two offices with storage above
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
$10,267
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
3.95%
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%
$205,340
$205.3K
Cap Rate 7%
$146,671
$146.7K
Cap Rate 9%
$114,078
$114.1K
Market Conditions
NOI Build-Up for 1,800 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
$13.0K $7.20/SF
− Vacancy
−$881 −$0.49/SF
EGI
$12.1K $6.71/SF
− OpEx
−$1.8K −$1.01/SF
NOI
$10.3K $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%
$205,340
Cap Rate 7%
$146,671
Cap Rate 9%
$114,078
Alternative Uses
Best Use
Warehouse
$146.7K
$128.3K – $171.1K
NOI $10,267 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
135
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
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
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Similar Off Market Nearby
- A Schillinger Self Storage — 400 Schillinger Rd N, Mobile, AL 36608
Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse with office space, storage, concrete parking, and city water available at the property.
Where is this warehouse located?
The property is located at 801 Schillinger Rd N Mobile, AL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,800‑square‑foot metal warehouse; Two 10x10 roll‑up doors; Two offices with storage above
