Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5991 Old Pascagoula Rd Theodore, AL 36619

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Commercial Land - I-10 Access

    Property Features for 5991 Old Pascagoula Rd

    General Information

    Property type
    Land
    Lot Size
    446,054 SF

    We can help!

    Listing Contact
    Pete Riehm
    Pete Riehm

    Listing Agency: CRE Mobile Listing Agent: Pete Riehm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 10.24-acre commercial land parcel presents a unique investment opportunity in Theodore, Alabama. Located at 5991 Old Pascagoula Road, this property boasts a highly desirable location, just one mile from Interstate 10, providing unparalleled access to major transportation routes. The land is completely cleared and level, simplifying development and minimizing site preparation costs. Currently unzoned by Mobile County, this offers flexibility for a wide range of commercial uses. The property is being offered for sale "as-is," allowing buyers to tailor the development to their specific needs. Alternatively, the owner is open to developing the site for lease, potentially as an outdoor industrial storage facility. The land value is estimated at $3 to $5 per square foot, representing a compelling price point for this strategically located acreage. This property is ideal for businesses seeking a prominent location with easy access to major transportation arteries and the potential for significant future growth. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1803762
    Latitude
    30.5822086

    Nearby Similar for Sale

    • New
      $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Well-maintained office-warehouse with office and warehouse space for sale.
      3515 Hurricane Bay Dr, Theodore, AL 36582
      View Details
    • $435,000
      4,800 SF

      Theodore Automotive Shop with Living

      Former automotive shop with living area on a 2.91-acre lot.
      4520 Hamilton Blvd, Theodore, AL 36582
      View Details
    • $149,000
      0.36 Acres

      Waterfront Lot with Boat Slip

      Waterfront lot with bayou views and boat slip.
      10775 Jim Busby Rd N, Theodore, AL 36582
      View Details
    • $198,450
      1,800 SF

      Former Dental Office on Large Lot

      Versatile property suitable for medical, educational, or professional use.
      5710 Katherine Hankins Dr, Theodore, AL
      View Details
    • $900,000

      Office/Warehouse with Lay Down Yard

      7,500 SF office/warehouse with fenced lay down yard.
      5705 Rabbit Crk Dr, Theodore, AL
      View Details
    • Contact for pricing

      Commercial Property on US Hwy 90

      1.36 acre commercial property with high visibility and easy access.
      Spanish Trl, Theodore, AL
      View Details
    • $995,000

      Office/Warehouse with Large Yard

      11,407 SF office/warehouse on 2.3 acres near I-10.
      5975 Rangeline Rd, Theodore, AL
      View Details
    • $1,450,000

      Theodore Warehouse with Covered Dock

      17,400± SF industrial property with credit tenant in place.
      5365 Willis Rd, Theodore, AL 36606
      View Details
    • $419,000
      5,000 SF

      Theodore, AL Industrial Property

      Ready-to-use shop; high visibility location.
      5450 Willis Rd, Theodore, AL 36582
      View Details
    • $735,000
      9,016 SF

      Dollar General Investment Opportunity

      High-traffic West Mobile County retail property.
      7519 Theodore Dawes Rd, Theodore, AL 36582
      View Details
    • $775,000
      2,701 SF

      Prime Theodore Retail Space

      High-traffic corner lot, 2,701 SF bank building.
      5826 Highway 90, Theodore, AL 36582
      View Details
    • $85,000

      Waterfront RV Resort Opportunity

      RV lot with resort amenities and rental income potential.
      11541 Dauphin Island Pkwy, Theodore, AL 36582
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land - I-10 Access
    Where is this land located?
    The property is located at 5991 Old Pascagoula Rd Theodore, AL.
    What are key features of this property?
    This property features: 10.24-acre site available for sale or lease; owner will consider subdividing.; Unzoned county.; Level, cleared lot.
    (251) 438-4312 Call to check price and availability
    Request Owner's contact information
    5991 Old Pascagoula Rd Theodore, AL 36619
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5991 Old Pascagoula Rd
    Theodore, AL 36619
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5991 Old Pascagoula Rd Theodore, AL 36619
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Pete Riehm
    Pete Riehm
    Real Estate License ID: 000090093
    (251) 438-4312 (251) 442-4349
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!