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    Property profile & analytics

    6030 Rangeline Rd Theodore, AL 36582-5200

    • Warehouses
    • 134,758 SF
    • 23.00 lot acres
    OFF-MARKET
    Value Estimations
    $9,825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0569061
    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

    • Warehouses

    Property Details for 6030 Rangeline Rd

    Year built
    2001
    Lot size
    23.00 lot acres
    Property size
    134,758 SF
    Property type
    Warehouses
    APN
    33 07 40 0 006 001.002
    APU
    3307400006001002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,810,000
      6.5%
      $11,825,000
      7%
      $10,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,995,000
      Market price range: $4.87M - $11.3M
      AI Estimate
      $7,653,000
      Market price range: $2.97M - $9.55M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $8,195,000
      Current use
      OFFICE BUILDING
      $14,460,000
      Change: +76% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $11,920,000
      Change: +45% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $9,685,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1335
    Latitude
    30.564
    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
    $122,306
    $178,020
    $1,700,820
    $1,878,840
    -
    $890,100
    $8,504,100
    $9,394,200

    Comparable in this City

    • Value Estimation by Request

      4201 Degussa Rd

      BULK STORAGE, TANKS
      4201 Degussa Rd, Theodore, AL 36582-7284
      View Details
    • Value Estimation
      $29,345,000
      364,029 SF

      6735 Trippel Rd

      WAREHOUSE, STORAGE • 364,029 SF
      6735 Trippel Rd, Theodore, AL 36582-6502
      View Details
    • Value Estimation by Request
      7,786 SF

      3162 Hamilton Blvd

      WAREHOUSE, STORAGE • 7,786 SF
      3162 Hamilton Blvd, Theodore, AL 36582-8502
      View Details
    • Value Estimation by Request
      3,696 SF

      3162 Hamilton Blvd

      WAREHOUSE, STORAGE • 3,696 SF
      3162 Hamilton Blvd, Theodore, AL 36582-8502
      View Details
    • Value Estimation
      $1,420,000
      39,130 SF

      5301 Hamilton Blvd

      WAREHOUSE, STORAGE • 39,130 SF
      5301 Hamilton Blvd, Theodore, AL 36582-8515
      View Details
    • Value Estimation by Request
      2,574 SF

      6030 Hwy 90

      WAREHOUSE, STORAGE • 2,574 SF
      6030 Hwy 90, Theodore, AL 36582-1645
      View Details

    Similar Nearby for Sale

    • $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

      Corner Lot on Highway 90

      1.77 acre corner lot suitable for retail or office.
      5876 Us-90, Theodore, AL 36582
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    • Contact for pricing

      Theodore Industrial Land For Sale

      Industrial land available for build-to-suit opportunities.
      Theodore-Dawes Rd, Theodore, AL 36582
      View Details
    • $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
      8,000 SF

      Theodore Industrial Asset For Sale

      Single-tenant, net-leased industrial asset in Theodore, Alabama.
      3779 Abigail Dr, Theodore, AL 36582
      View Details
    • Contact for pricing
      20,000 SF

      Theodore Warehouse For Sale

      20,000 sqft warehouse available for purchase in Theodore, AL.
      9361 Lundy Ln W, 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
    • $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
    • $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
    • $9,800 /Mo
      39,853 SF

      Office/Warehouse with I-10 Access

      Stand-alone office/warehouse with fenced yard and convenient highway access.
      5425 Business Park Way, Mobile, AL 36582
      View Details
    • $4,250 /Mo
      4,000 SF

      Theodore Office/Warehouse Space For Lease

      Prime I-10 location, 4,000 SF, 1.02-acre yard.
      5685 B I- 10 Industrial Pkwy, Theodore, AL 36582
      View Details
    • $7 SF/Yr
      20,000 SF

      Mobile Industrial Space For Lease

      Prime Theodore warehouse, 20,000 SF, I-10 access.
      5155 Mobile South St, Theodore, AL 36582
      View Details
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    6030 Rangeline Rd
    Theodore, AL 36582-5200
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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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