Commercial Real Estate Market in Theodore, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
918 active listings and 10,924 off-market properties in Theodore, AL. Commercial property asks $15/SF to buy and $14.63/SF/Yr to lease.
Market Trends
Theodore, AL spans 79.7 square miles in Mobile County, Alabama. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Theodore, AL asks $133/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Theodore, AL asks $87/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Theodore, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Theodore, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Theodore, AL has 25,903 residents in 10,409 households. Density runs 325 people per square mile. Median household income here is $61,498 and median gross rent $916 a month.
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
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Theodore?
Commercial property in Theodore, AL asks an average of $15 per square foot. The 8 most recent recorded sales traded at a median of $94/SF. Office carries the highest asking price at $133/SF.
How much does it cost to lease commercial space in Theodore?
Asking lease rates in Theodore, AL average $14.63 per square foot per year.
Where does Realmo's Theodore market data come from?
Realmo compiles Theodore, AL figures from 8 recent recorded sales, 738 active sale listings, 180 active lease listings, 10,924 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 738 active for-sale and 180 active for-lease listings in Theodore, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
