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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Office buildings
5821 Rangeline Rd Theodore, AL 36582-5209
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0885825
Property summary
AI-generated overview
This exceptional Theodore, Alabama industrial property, located at 5821 Rangeline Rd, zip code 36582, offers a variety of flexible spaces ideal for diverse business needs. The property, known as Rangeline Commercial Park, is classified as industrial and encompasses multiple tenancies. Currently, two units are available, ranging in size from a convenient 800 square feet to a more substantial 3,500 square feet. The property's flexible design caters to businesses requiring warehouse, distribution, or flex space, providing adaptability for various operational requirements. Its location in Theodore, Alabama, offers convenient access to key transportation routes, enhancing logistical efficiency for businesses operating within the area. The precise latitude and longitude coordinates are 30.5700005 and -88.1309308 respectively, allowing for easy location verification and mapping. This presents a unique opportunity for businesses seeking versatile and strategically located industrial space in a thriving Alabama market. Contact us today to learn more about leasing options and explore how this property can support your business growth.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
7,048 SF
Lot
2.96 ac (129,112 SF)
APN
33 07 40 0 003 010.006
UPID
US03-0885825
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.40M
Owner & transaction history
Rangeline Storage II LLC · 17 yrs held
Rangeline Storage II LLC
since 2008
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+88.5%
Restaurant
$1.4M
+83.2%
Medical building
$1.4M
+77.2%
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%
$1,740,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,450,000
Change: +88% · Conversion: Moderate
RESTAURANT
$1,410,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$1,360,000
Change: +77% · Conversion: Easy
INDUSTRIAL (GENERAL)
$995,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±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
$198 / 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
$25,311
Tax year 2023
Assessed value
$388,560
Assessed 2023
Previous assessed
$388,560
+0.0% YoY
Effective rate
6.51%
On assessed value
Assessed land
$22,940
Assessed improvement
$365,620
Land market value
$114,700
Improvement market value
$1,828,100
Total market value
$1,942,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
YES
Buildings
8
Stories
1
Bathrooms
10
Total area
7,048 SF
Lot
2.96 ac (129,112 SF)
APN
33 07 40 0 003 010.006
UPID
US03-0885825
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
RETAIL STORES
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$995,000
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Bathrooms
10
Lot
2.96 ac
Current owner
From public records · entity-resolved
Rangeline Storage II LLC
Entity
Free & Clear · 17 yrs held
Mailing address
5975 S QUEBEC ST STE #275, CENTENNIAL, CO 80111-4573
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2008
$1,600,000
Rangeline Storage II LLC
Rangeline Commercial Park INC
Warranty Deed
related
—
Mar 7, 2005
—
Rangeline Commercial Park
—
Trustees Deed
related
$169,000 · Wachovia Bk
—
—
Rangeline Commercial Park INC
—
Deed Of Trust
related
$3,850,000 · Gmac Comm'l Mtg Bk
—
—
Rangeline Storage II LLC
—
Deed Of Trust
related
$5,750,000 · Barclays Bk/plc
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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