Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6178 Sperry Rd Theodore, AL 36582

    • Commercial real estate
    • 2.29 lot acres
    For Sale
    View listing
    $389,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3135655
    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

    • Commercial real estate

    Property Details for 6178 Sperry Rd

    Lot size
    2.29 lot acres
    Property type
    Commercial real estate
    APN
    R023309323000029.001

    Description

    This exceptional 2.29-acre parcel presents a remarkable investment opportunity in Theodore, Alabama. Located at 6178 Sperry Road, this unzoned vacant land boasts a highly desirable location, offering unparalleled access to Interstate 10 via the Theodore Dawes Road exit. The property's flat, wooded terrain provides a blank canvas for a variety of development projects. Its strategic position directly across Theodore Dawes Road from major distribution centers operated by Amazon and FedEx makes it exceptionally attractive for businesses seeking proximity to significant transportation hubs and established logistics networks. The asking price is $389,000, translating to approximately $122,270 per acre. The property's APN is R023309323000029.001. Given its size, location, and proximity to key infrastructure, this land is perfectly suited for a range of commercial ventures, including office/warehouse complexes, hotels, or service-oriented businesses. The absence of specific zoning regulations offers considerable flexibility for potential developers. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area with excellent access to major transportation arteries and established commercial activity. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.204558
    Latitude
    30.562356

    Comparable in this City

    • $75,000
      1.19 Acres

      Theodore Commercial Land - $75K

      1.19-acre lot, ideal for multifamily or mobile home park.
      5745 Katherine Hankins Dr, Theodore, AL 36582
      View Details
    • $201,365
      23.96 Acres

      23.96 Acres Theodore, AL Land

      Prime Agricultural, Commercial, Residential Land
      Theodroe AL 36582 Laurendine Rd, Theodore, AL 36582
      View Details
    • $1,975,000
      144.00 Acres

      Bellingrath Road Development Tract

      144-acre Industrial/Residential Land
      8031 Bellingrath Rd, Theodore, AL 36582
      View Details
    • $50,000

      8+ Acres w 746' Frontage off Busy Swedetown Rd N, Theodore

      Land
      0 Swedetown Rd, Mobile, AL 36582
      View Details
    • $85,000

      Waterfront RV Resort Opportunity

      RV lot with resort amenities and rental income potential.
      11541 Dauphin Island Pkwy, Theodore, AL 36582
      View Details
    • Contact for pricing
      0.38 Acres

      Theodore, AL Single Family Residence

      Single-family residence on a level lot, convenient location.
      6361 Rester Rd, Theodore, AL 36582
      View Details

    Similar Nearby for Sale

    • $75,000
      1.19 Acres

      Theodore Commercial Land - $75K

      1.19-acre lot, ideal for multifamily or mobile home park.
      5745 Katherine Hankins Dr, Theodore, AL 36582
      View Details
    • $201,365
      23.96 Acres

      23.96 Acres Theodore, AL Land

      Prime Agricultural, Commercial, Residential Land
      Theodroe AL 36582 Laurendine Rd, Theodore, AL 36582
      View Details
    • $1,975,000
      144.00 Acres

      Bellingrath Road Development Tract

      144-acre Industrial/Residential Land
      8031 Bellingrath Rd, Theodore, AL 36582
      View Details
    • $50,000

      8+ Acres w 746' Frontage off Busy Swedetown Rd N, Theodore

      Land
      0 Swedetown Rd, Mobile, AL 36582
      View Details
    • $85,000

      Waterfront RV Resort Opportunity

      RV lot with resort amenities and rental income potential.
      11541 Dauphin Island Pkwy, Theodore, AL 36582
      View Details
    • Contact for pricing
      0.38 Acres

      Theodore, AL Single Family Residence

      Single-family residence on a level lot, convenient location.
      6361 Rester Rd, Theodore, AL 36582
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $3,500 /Mo
      86,684 SF

      I-10 Truck Yard - Theodore, AL

      Prime 2-9 acre industrial yard, I-10 frontage.
      5580 Middle Rd, Theodore, AL 36582
      View Details
    • $50,000
      83,199 SF

      Prime Theodore Commercial Land

      Highway 90 corner lot, ideal for retail or industrial use.
      Highway 90, Theodore, AL 36582
      View Details
    • $9,200 /Mo
      136,778 SF

      Prime Theodore Land - I-10 Access

      3.14-acre fenced laydown yard, utilities included.
      3420 Hamilton Blvd, Theodore, AL 36582
      View Details
    • $1.00 SF/Yr
      814,572 SF

      Prime Theodore Industrial Land

      18.7 acres, divisible, I-10 visibility.
      5850 Carol Plantation Rd, Theodore, AL 36582
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6178 Sperry Rd
    Theodore, AL 36582
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.