Theodore Warehouse For
9361 Lundy Ln W Theodore, AL 36582
9361 Lundy Ln W, Theodore, AL, 36582
Contact for pricing
For Sale
Contact for pricing
20,000 sqft warehouse available for purchase in Theodore, AL.
Property Size20,000 SF
Price / SF$182.50
Days on Market1117
Property Features for 9361 Lundy Ln W
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2009
Listing Agency
CRE Mobile
(251) 438-4312
Listed by
Pete Riehm · License #AL 000090093
Source
Crexi
Added: Jun 29, 2023 Checked: Jul 19 at 5:31 am
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
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.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.0k | $7.20 |
| − Vacancy | −$9.8k | −$0.49 |
| EGI | $134.2k | $6.71 |
| − OpEx | −$20.1k | −$1.01 |
| NOI | $114.1k | $5.70 |
20,000 SF · lease $7.20/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,077 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,946 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$5.08M
$4.45M – $5.93M
NOI $355,834 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Bellingrath Road Mini Storage — 9421 Bellingrath Rd, Theodore, AL 36582
FAQs
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 Ln W Theodore, AL.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
