Theodore Warehouse with Large Fenced
9466 Bellingrath Rd Theodore, AL 36582
9466 Bellingrath Rd, Theodore, AL, 36582
$3,650,000
For Sale
$3,650,000
20,000 SF Warehouse with 5.5 AC Yard For Sale/Lease
Property Size20,000 SF
Lot Size5.50 Acres
Price / SF$182.50
AddedFeb 12, 2025
Days on Market518
Last RefreshMar 16 at 9:06 am
Property Features for 9466 Bellingrath Rd
General Information
- Standard status
- Active
- Property type
- Distribution properties, Warehouses, Other industrial properties, Industrial properties
- Size
- 20,000 SF
- Elevators
- N/A
- Lot size
- 5.50 Acres
Building Details
- Year Built
- 2009
- Buildings
- 1
- Stories
- 1
Listing agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 12, 2025
Investment Insights
Based on property information with market context.
This industrial property in Theodore, Alabama, features a 20,000 square foot warehouse with 22-foot eave heights. The property includes a 5.5-acre fenced yard with aggregate surfacing. Four oversized ground-level doors facilitate loading and unloading. Located at 9466 Bellingrath Rd, Theodore, AL 36582, the property is positioned for access to transportation routes. The property is suitable for industrial and distribution businesses needing indoor and outdoor storage and operational space.
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
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution property - 20,000 SF Warehouse with 5.5 AC Yard For Sale/Lease
Where is this distribution property located?
The property is located at 9466 Bellingrath Rd Theodore, AL.
What is the asking price?
The asking price for this property is $3,650,000.
