Fenced Warehouse with Roll-Up
New
For Sale
$259,900
801 Schillinger Road N, Mobile, AL 36608
Commercial Sale, Mobile, AL
Property Size1,800 SF
Lot Size0.69 Acres
Price / SF$144.39
Days on Market2
Property Features for 801 Schillinger Road N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CW
Parking
5
Interior features
High Ceilings 10 or Greater
Fencing
Fenced
Lot features
Level, Private
View
City
Standard status
Active
APN
270112000003701
Size
1,800 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Annual Amount
853
Utilities
Utilities
Water Available
Cooling system
Wall Unit(s)
Building Details
Year built
1980
Floors in Building
2
Flooring type
Concrete, Laminate
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Ty Irby Realty & Development
(251) 649-1000
Listed By:
Cynthia Byrd · License #40705
(251) 402-2143
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 19 at 11:06AM
MLS# 7826481
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,800-square-foot metal warehouse, built in 1980, includes two interior offices, storage above the offices, and one restroom. The building has concrete parking, a fenced site, laminate and concrete flooring, wall-unit cooling, and a metal roof. Two 10-by-10-foot roll-up doors support loading access, while the 16-foot eave and 14-foot ceiling provide useful vertical clearance. Water service is available at the property.
The property is located at 801 Schillinger Road N in Mobile, behind the Dollar General store on Schillinger Road North and near Zeigler Boulevard. Its configuration combines warehouse space, administrative rooms, storage, parking, and secured outdoor area within a compact commercial property.
The property is located at 801 Schillinger Road N in Mobile, behind the Dollar General store on Schillinger Road North and near Zeigler Boulevard. Its configuration combines warehouse space, administrative rooms, storage, parking, and secured outdoor area within a compact commercial property.
Key Highlights
- 1,800‑square‑foot warehouse on approximately 0.68 acres
- Two 10x10 rollup doors for loading access
- Two offices with storage over the offices
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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Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
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, fenced grounds, and municipal water availability.
Where is this warehouse located?
The property is located at 801 Schillinger Road 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 warehouse on approximately 0.68 acres; Two 10x10 rollup doors for loading access; Two offices with storage over the offices
