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Property profile & analytics
OFF-MARKET
Estimated value
$6,375,000
Warehouses
5235 Kooiman Rd Theodore, AL 36582-1634
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US03-0472216
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
78,895 SF
Lot
24 ac (1,045,440 SF)
APN
33 08 34 1 000 007.XXX
UPID
US03-0472216
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LKQ Refinish - Mobile, AL Auto Parts Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.93M
Comparable Approach
Comparable
$6.62M
Blend (final)
Blend
$6.38M
Owner & transaction history
Warehouse Rentals LLC · 7 yrs held
Warehouse Rentals LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.5M
+76.5%
Commercial (general)
$7.0M
+45.4%
Industrial (general)
$5.7M
+18.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Theodore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Theodore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,500,000
6.5%
$6,925,000
7%
$6,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,800,000
Current use
OFFICE BUILDING
$8,465,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,975,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,670,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$6.38M
Range $5.74M – $7.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$126,981
Tax year 2023
Assessed value
$1,999,700
Assessed 2023
Previous assessed
$2,388,760
-16.3% YoY
Effective rate
6.35%
On assessed value
Assessed land
$185,760
Assessed improvement
$1,813,940
Land market value
$928,800
Improvement market value
$9,069,700
Total market value
$9,998,500
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
YES
Buildings
13
Stories
1
Rooms
1
Bathrooms
10
Total area
78,895 SF
Lot
24 ac (1,045,440 SF)
APN
33 08 34 1 000 007.XXX
UPID
US03-0472216
Jurisdiction
MOBILE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
OFFICE BUILDING
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
13
Rooms
1
Bathrooms
10
Lot
24 ac
Current owner
From public records · entity-resolved
Warehouse Rentals LLC
Entity
Mailing address
PO BOX 126, VALDOSTA, GA 31603-0126
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2019
$5,005,000
Warehouse Rentals LLC
Bassford Trust
Warranty Deed
$4,417,000 · N L JR Bassford
Oct 24, 2016
$4,417,000
Bassford Trust
Bassford,n L JR
Warranty Deed
related
$4,417,000 · N L JR Bassford
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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