20,000 SF Warehouse with
For Sale
Contact for pricing
9466 Bellingrath Rd, Mobile, AL 36606
20,000 SF warehouse with 5.5 AC fenced yard.
Property Size20,000 SF
Lot Size12.37 Acres
Price / SF$135
Days on Market1290
Property Features for 9466 Bellingrath Rd
General Information
Standard status
Active
Size
20,000 SF
Lot size
12.37 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 9466 Bellingrath Rd
20,000 SF Warehouse with 5.5 AC Yard
AVAILABLE
Size
20,000 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
Building: 20,000± SF Warehouse
Yard: 5.5± AC fenced yard with aggregate
22’ Eave Heights
4 oversized ground level doors
Contact us
Listing Agency:
CRE Mobile
(251) 438-4312
Listed By:
Pete Riehm · License #000090093
(251) 442-4349
Source:
Moodyscre
Added: Apr 4, 2023
Changed: Oct 11
Last Checked: Oct 12 at 11:03PM
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.
The property features a 20,000 square foot warehouse with a 5.5 acre fenced yard. The warehouse has eave heights of 22 feet and includes 4 oversized ground level doors. The yard is surfaced with aggregate. The property is located on Bellingrath Rd in Theodore, AL.
Key Highlights
- 5.5± AC fenced yard with aggregate
- 20,000± SF Warehouse
- Features 4 oversized ground level doors
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
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36606, AL
19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 SF warehouse with 5.5 AC fenced yard.
Where is this warehouse located?
The property is located at 9466 Bellingrath Rd Mobile, 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: 5.5± AC fenced yard with aggregate; 20,000± SF Warehouse; Features 4 oversized ground level doors
