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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5750 Katherine Hankins Dr Theodore, AL 36582-1918

    • Sports & entertainment properties
    • 34,496 SF
    • 7.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1767983
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 5750 Katherine Hankins Dr

    Year built
    1970
    Lot size
    7.00 lot acres
    Property size
    34,496 SF
    Property type
    Sports & entertainment properties
    APN
    38 02 04 1 000 038.XXX
    APU
    3802041000038XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,849,000
      Market price range: $645k - $2.73M
      AI Estimate
      $1,980,000
      Market price range: $765k - $2.32M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $1,505,000
      Current use
      COMMERCIAL (GENERAL)
      $3,050,000
      Change: +102% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,480,000
      Change: +64% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,100,000
      Change: +39% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1754
    Latitude
    30.5539
    CBSA code
    33660
    CBSA name
    MOBILE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $54,180
    $600,920
    $655,100
    -
    $270,900
    $3,004,600
    $3,275,500

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      5313 Laurendine Rd

      RECREATIONAL, ENTERTAINMENT • 5,000 SF
      5313 Laurendine Rd, Theodore, AL 36582-2735
      View Details
    • Value Estimation by Request
      2,564 SF

      7545 Old Military Rd

      RECREATIONAL, ENTERTAINMENT • 2,564 SF
      7545 Old Military Rd, Theodore, AL 36582-2455
      View Details
    • Value Estimation by Request
      3,523 SF

      5700 Old Pascagoula Rd

      RECREATIONAL, ENTERTAINMENT • 3,523 SF
      5700 Old Pascagoula Rd, Theodore, AL 36582
      View Details
    • Value Estimation by Request
      2,312 SF

      3354 Hamilton Blvd

      RECREATIONAL, ENTERTAINMENT • 2,312 SF
      3354 Hamilton Blvd, Theodore, AL 36582-8504
      View Details
    • Value Estimation
      $790,000
      13,829 SF

      Theodore Dawes Rd

      RECREATIONAL, ENTERTAINMENT • 13,829 SF
      Theodore Dawes Rd, Theodore, AL 36582
      View Details
    • Value Estimation
      $2,690,000
      37,898 SF

      6875 Burroughs Ln

      RECREATIONAL, ENTERTAINMENT • 37,898 SF
      6875 Burroughs Ln, Theodore, AL 36582-2101
      View Details

    Similar Nearby for Sale

    • $1,250,000
      9.10 Acres

      Industrial Land for Sale in Theodore, AL

      9.1 Acres, Build-to-Suit Options
      0 Theodore-Dawes Rd, Theodore, AL 36582
      View Details
    • $2,600,000
      26.50 Acres

      Prime Theodore Industrial Land

      26.5 Acres, Ready for Development
      4079 Hamilton Blvd, Theodore, AL 36582
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    • $445,000
      1.77 Acres

      Prime Theodore Land - Hwy 90

      1.77 Acres, High Visibility, B3 Zoning
      5876 Us-90, Theodore, AL 36582
      View Details
    • $250,000
      1.00 Acre

      Theodore Industrial Land - 1 Acre

      Prime Theodore industrial site, fenced, storage shed.
      4600 Hamilton Blvd, Theodore, AL 36582
      View Details
    • $200,000
      2.22 Acres

      Prime Commercial Land on Rangeline

      2.22 acres with 800 feet of frontage on Rangeline Road.
      6570 Rangeline Rd, Theodore, AL 36582
      View Details
    • $110,000
      7.21 Acres

      Waterfront Land on Fowl River

      7.2 acre waterfront property near Mobile Bay and Gulf.
      Fowl River Rd, Theodore, AL 36582
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      6,056 SF

      Theodore Industrial Space For Lease

      6,056 SF industrial space; excellent location.
      5821 I 10 Industrial Pkwy S, Theodore, AL 36582
      View Details
    • $6,500 /Mo
      88,000 SF

      Theodore Industrial Lot Lease

      2.2-acre lot, I-1 zoning, excellent access.
      5900 Middle Rd, Theodore, AL 36582
      View Details
    • $1.10 SF/Yr

      I-10 Truck Yard - 11.5 Acres

      Prime Mobile County industrial land for lease.
      5580 Middle Rd, Theodore, AL 36582
      View Details
    • $7 SF/Yr
      96,206 SF

      Theodore, AL Industrial Space

      Large industrial space for lease in Theodore, AL.
      5212 Willis Rd, Theodore, AL 36582
      View Details
    • $12 SF/Yr
      2,000 SF

      Prime Theodore Industrial Space

      2,000 SF Flex Space, I-10 Access
      6215 Rangeline Rd, Theodore, AL 36582
      View Details
    • $25,000
      15,000 SF

      Theodore Industrial Build-to-Suit

      9.1-acre lot, flexible build-to-suit options.
      6059 Theodore Dawes Rd, Theodore, AL 36582
      View Details
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    Theodore, AL 36582-1918
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    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
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