Technical
Financial
Distress signals
Property profile

5240 Willis Rd Theodore, AL 36582

OFF-MARKET
Warehouses
Property ID
US03-0755556
60,114 SF 6.15 ac lot Built 2004
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property in Theodore, Alabama, offers 196,906 square feet of distribution and manufacturing space across two buildings on a 9.2-acre lot. Built in 2002 and 2022, the property boasts a strategic location along I-10, just 12 miles from a major deep-water port, providing unparalleled access to Eastern, Central, and Gulf Coast states. The buildings feature high-quality construction, including a 24-gauge standing seam metal roof, 7-inch thick warehouse floors reinforced with rebar and metal shavings, and high-volume ceiling fans. Security features include a fully fenced perimeter with electronic gate access and a state-of-the-art security system, designed to withstand 158 mph winds. The property includes 19 dock-high doors, all equipped with levelers and tubular trailer guides. One building offers a unique covered staging/loading area with a 25-foot-wide concrete ramp and a large electrically operated roll-up door. The asking price is $15,900,000, and the current owner is open to a short-term sale/leaseback arrangement. Ceiling heights range from 27 to 29 feet. This is a rare opportunity to acquire a high-quality, strategically located industrial property with significant potential for growth and return on investment.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Total area 60,114 SF
Lot 6.15 ac (268,025 SF)
APN 33 08 28 4 000 027.003
UPID US03-0755556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5240 Willis Rd Theodore, AL 36582-1703
Theodore metro Census 7101 MOBILE, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.94M

Owner & transaction history

since 2025
Last sale
$15.3M
5 recorded transactions
2025
$15.3M
2020
$5.3M
2019
$3.8M
2008
Price N/A
2008
$500,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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