Theodore Warehouse For
For Sale
Contact for pricing
9361 Lundy Lane W, Theodore, AL 36582
20,000 sqft warehouse available for purchase in Theodore, AL.
Property Size20,000 SF
Price / SF$135
Days on Market1209
Property Features for 9361 Lundy Lane W
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
2009
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CRE Mobile
Listed By:
Pete Riehm · License #AL 000090093
(251) 438-4312
Source:
Crexi
Added: Jun 29, 2023
Changed: Oct 18
Last Checked: Oct 16 at 7:15AM
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 CRE Mobile
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 20,000 square foot warehouse property is available for sale. The property is located in Theodore, Alabama.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,077
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,281,540
$2.3M
Cap Rate 7%
$1,629,671
$1.6M
Cap Rate 9%
$1,267,522
$1.3M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$144.0K $7.20/SF
− Vacancy
−$9.8K −$0.49/SF
EGI
$134.2K $6.71/SF
− OpEx
−$20.1K −$1.01/SF
NOI
$114.1K $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 Rate 5%
$2,281,540
Cap Rate 7%
$1,629,671
Cap Rate 9%
$1,267,522
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,077 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,946 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$5.08M
$4.45M – $5.93M
NOI $355,834 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36582, AL
25,903
Population
10,409
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
79.7 sq mi
ZIP Area
325
Density / Sq Mi
$61,498
Median Household Income
$37,043
Median Earnings
$916
Median Rent
$170,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bellingrath Road Mini Storage — 9421 Bellingrath Rd, Theodore, AL 36582
Frequently Asked Questions
What type of property is this?
Warehouse - 20,000 sqft warehouse available for purchase in Theodore, AL.
Where is this warehouse located?
The property is located at 9361 Lundy Lane W Theodore, AL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
