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

    9361 Lundy Ln W Theodore, AL 36582

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    20,000 sqft warehouse available for purchase in Theodore, AL.

    Type:Industrial
    Property size:
    20,000 SF
    Added:
    Jun 29, 2023
    Days on Market:
    1026
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 9361 Lundy Ln W

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Pete Riehm

    Listing agent Pete Riehm License #AL 000090093

    Listing office CRE Mobile

    Listing date Jun 29, 2023

    Source Crexi

    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

    Overview

    Theodore Warehouse For Sale

    A 20,000 square foot warehouse property is available for sale. The property is located in Theodore, Alabama.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Bellingrath Road Mini Storage — 9421 Bellingrath Rd, Theodore, AL 36582

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1757987
    Latitude
    30.4875775

    Nearby Similar for Sale

    • $435,000
      4,800 SF

      Theodore Automotive Shop with Living

      Former automotive shop with living area on a 2.91-acre lot.
      4520 Hamilton Boulevard, Theodore, AL 36582
      View Details
    • $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 Drive, Theodore, AL 36582
      View Details
    • $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Office-warehouse facility featuring office and warehouse space.
      3515 Hurricane Bay Drive, Theodore, AL 36582
      View Details
    • $435,000

      Former Auto Shop on Large Lot

      Automotive shop with living area on almost 3 acres.
      4520 Hamilton Boulevard, Theodore, AL 36582
      View Details
    • $299,900
      2,800 SF

      Established Bar on Highway 90

      Bar with land, building, and liquor license for sale.
      6391 Highway 90, Theodore, AL 36582
      View Details
    • $975,000
      8,000 SF

      Freestanding Building in Fowl River

      8,000 SF building suitable for retail, office, or storage.
      10800 Dauphin Island Pkwy, 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
    • $149,000

      Waterfront Lot with Boat Slip

      Waterfront lot with bayou views and boat slip.
      10775 Jim Busby Road N, Theodore, AL 36582
      View Details
    • $239,259

      Theodore Mixed-Use Property For Sale

      Mixed-use property available in Theodore, Alabama.
      8053 Old Cherry Dr N, Theodore, AL 36582
      View Details
    • $295,000

      Income Producing Commercial and Residential

      Commercial building and three mobile homes, all currently rented.
      6170 Highway 90, Theodore, AL 36582
      View Details
    • $289,000

      Former Mobile Home Park Land

      3.16 acre property suitable for mobile or RV park.
      6941 Old Pascagoula Rd, Theodore, AL
      View Details
    • $8,512,500
      89,770 SF

      Industrial Property in Theodore's Market

      89,770 SF industrial property with long-term NNN lease.
      5890 I 10 Industrial Pkwy S, Theodore, AL 36582
      View Details

    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 $3,550,000.
    What are key features of this property?
    This property features: No property information was provided to extract selling points.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Pete Riehm
    Real Estate License ID: AL 000090093
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!