Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5890 I 10 Industrial Pkwy Theodore, AL 36582
    Back to Search
    Property profile & analytics

    5890 I 10 Industrial Pkwy, Theodore, AL 36582

    View on Map
    • Industrial properties
    • 89,770 SF
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 5890 I 10 Industrial Pkwy

    Year built
    1977
    Lot size
    5.00 lot acres
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional investment opportunity presents a 89,770 square foot Class C industrial manufacturing facility located at 5890 I-10 Industrial Pkwy S, Theodore, Alabama 36582. The property sits on a five-acre lot and boasts a 45-foot ceiling height, ideal for heavy-duty operations. The building, constructed in 1977 and extensively renovated in 2024, features 40,000 square feet of climate-controlled space, six craneways, eleven hooks, and a 25-ton maximum lifting capacity. A 30-ton lifting capacity is also available. The property is currently leased to GEXPRO Services under a new 10-year NNN lease commencing April 2025, with two five-year renewal options and a 10% rent increase in year six. The lease provides significant long-term stability and a strong income stream, with a current NOI of $681,000 and a 7.52% cap rate. The asking price is $9,050,000, translating to $100.81 per square foot. GEXPRO Services, a tenant and guarantor, is part of the publicly traded Distribution Solutions Group, adding further security to this investment. The property's strategic location in Theodore, Alabama, offers excellent access to major transportation arteries, including Interstate 10 and the 90 Freeway, providing easy connectivity to the Southeastern US. Theodore's proximity to Mobile, Alabama's third-largest city, and its thriving manufacturing, maritime, logistics, aerospace, and steel industries, further enhances the property's value and potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1768
    Latitude
    30.5681

    Comparable in this City

    • Value Estimation by Request
      440 SF

      Theodore, AL 36582

      MANUFACTURING (LIGHT)
      Theodore, AL 36582
      View Details
    • Value Estimation
      $790,000
      29,162 SF

      8475 Bellingrath Rd

      MANUFACTURING (LIGHT)
      8475 Bellingrath Rd, Theodore, AL 36582-2714
      View Details
    • Value Estimation
      $2,420,000
      146,941 SF

      4775 Hamilton Blvd

      MANUFACTURING (LIGHT)
      4775 Hamilton Blvd, Theodore, AL 36582-8509
      View Details
    • Value Estimation
      $830,000
      20,000 SF

      5885 Middle Rd

      MANUFACTURING (LIGHT)
      5885 Middle Rd, Theodore, AL 36582
      View Details
    • Value Estimation
      $1,630,000
      26,000 SF

      Theodore, AL 36582

      MANUFACTURING (LIGHT)
      Theodore, AL 36582
      View Details
    • Value Estimation by Request
      6,322 SF

      Theodore, AL 36582

      MANUFACTURING (LIGHT)
      Theodore, AL 36582
      View Details

    Similar Nearby for Sale

    • $8,900,000
      117,500 SF

      Prime Theodore Industrial Campus

      88-acre industrial campus with 117,500 SF of buildings
      4405 Dawes Rd, Theodore, AL 36582
      View Details
    • Contact for pricing
      89,770 SF

      Industrial Property in Theodore's Market

      89,770 SF industrial property with long-term NNN lease.
      5925 Industrial Pkwy, 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 Dr, Theodore, AL 36582
      View Details
    • Contact for pricing
      20,000 SF

      20,000 SF Warehouse with Yard

      20,000 SF warehouse with 5.5 AC fenced yard.
      9466 Lundy Ln W, Theodore, AL 36582
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      185,378 SF

      Industrial Park Spaces Available

      Warehouse, distribution, and manufacturing spaces for lease.
      I-10 And Theodore Dawes Rd, Mobile, AL 36582
      View Details
    • $9 SF/Yr
      7,000 SF

      Rangeline Office/Warehouse Space Available

      Flexible Office/Warehouse in Theodore, AL
      5821 Rangeline Rd, Theodore, AL 36582
      View Details
    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.
    5890 I 10 Industrial Pkwy
    Theodore, AL 36582
    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

    Thank You for Inquiry
    5890 I 10 Industrial Pkwy, Theodore, AL, 36582
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!