Warehouse with Fenced
For Sale
Contact for pricing
9466 Lundy Ln W, Theodore, AL 36582
20,000± SF warehouse with 22' eave heights, four oversized ground-level doors, and a 5.5± acre fenced yard.
Property Size20,000 SF
Lot Size5.50 Acres
Price / SF$177.50
Days on Market1216
Property Features for 9466 Lundy Ln W
General Information
Standard status
Active
Size
20,000 SF
Lot size
5.50 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
4
Listing Agency:
CRE Mobile
(251) 442-4349
Listed By:
Pete Riehm · License #000090093
(251) 442-4349
Source:
Moodyscre
Added: Apr 4, 2023
Changed: Jul 28
Last Checked: Aug 1 at 9:12AM
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 is a 20,000± SF warehouse featuring 22’ eave heights and four oversized ground-level loading doors. The site also includes a 5.5± acre fenced yard surfaced with aggregate, providing an enclosed outdoor staging and storage area.
The offering is presented as a For Sale transaction.
The combination of multiple ground-level doors and an extensive fenced yard supports a range of warehouse and distribution uses requiring both indoor functionality and secured outdoor space.
The offering is presented as a For Sale transaction.
The combination of multiple ground-level doors and an extensive fenced yard supports a range of warehouse and distribution uses requiring both indoor functionality and secured outdoor space.
Key Highlights
- 20,000± SF warehouse building with 22’ eave heights
- 4 oversized ground‑level doors
- 5.5± acres fenced yard with aggregate
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 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.08M
$4.45M – $5.93M
NOI $355,834 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
34
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
Market
Properties on Market for Warehouses in Theodore
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 22' eave heights, four oversized ground-level doors, and a 5.5± acre fenced yard.
Where is this warehouse located?
The property is located at 9466 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: 20,000± SF warehouse building with 22’ eave heights; 4 oversized ground‑level doors; 5.5± acres fenced yard with aggregate
