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    6717 McDonald Rd Theodore, AL 36582

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    6717 McDonald Rd Theodore, AL 36582

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    • Commercial real estate
    • 11.50 lot acres
    For Sale
    $998,000
    View Listing →
    11.57 Acres Land For Sale - McDonald Road - Theodore For Sale
    $998,000
    503,989 SF

    11.57 Acres Land For Sale - McDonald Road - Theodore

    11.57 Acres Land For Sale - McDonald Road - Theodore

    Mobile, AL 36582
    View Listing
    Property ID
    US03-0420637
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6717 McDonald Rd

    Lot size
    11.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.5-acre commercial land parcel presents a unique investment opportunity in Theodore, Alabama. Located at 6717 McDonald Rd, zip code 36582, this property boasts a highly desirable location with significant frontage: approximately 875 feet on McDonald Road and 400 feet on Old Pascagoula Road. The site is strategically situated at a lighted intersection, ensuring maximum visibility and accessibility for any commercial venture. The land is zoned County (no specific zoning restrictions), offering flexibility for a wide range of development possibilities. Currently flat, cleared, and boasting good ground conditions, this site is development-ready, eliminating costly pre-development expenses. The asking price is $950,000, translating to approximately $82,608 per acre. Given its size, location, and condition, this property represents a prime opportunity for commercial or retail development in a growing area. The property's ideal characteristics make it an exceptional investment for those seeking high-impact commercial real estate in Mobile County, Alabama. 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 estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.241112
    Latitude
    30.550155

    Comparable in this City

    • $104,900

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      Spacious RV unit perfect for a getaway.
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    • $4,657,500
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      Waterfront Land with Development Potential

      Versatile waterfront land suitable for various development projects.
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      Land For Sale

      Land available for sale.
      7150 Theodore Dawes Rd, Theodore, AL 36582
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    • $999,000

      Prime Commercial Land for Sale

      11.5 acre commercial land for development near I-10.
      6717 Mcdonald Rd, Theodore, AL 36582
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    • $30,000
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      Residential Lot in Theodore, AL

      Partially cleared residential lot near Fowl River Rd.
      Dolphin Dr, Theodore, AL 36582
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    • $200,000
      1.45 Acres

      Prime Commercial Lot Available

      1.45-acre commercial lot in a high-traffic area.
      6630 Hamilton Blvd, Theodore, AL 36582
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    Similar Nearby for Sale

    • $104,900

      Vacant Land in Theodore, AL

      Spacious RV unit perfect for a getaway.
      11551 Dauphin Island Pkwy, Theodore, AL 36582
      View Details
    • $4,657,500
      310.50 Acres

      Waterfront Land with Development Potential

      Versatile waterfront land suitable for various development projects.
      Dog River Rd, Theodore, AL 36582
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      7150 Theodore Dawes Rd, Theodore, AL 36582
      View Details
    • $999,000

      Prime Commercial Land for Sale

      11.5 acre commercial land for development near I-10.
      6717 Mcdonald Rd, Theodore, AL 36582
      View Details
    • $30,000
      0.54 Acres

      Residential Lot in Theodore, AL

      Partially cleared residential lot near Fowl River Rd.
      Dolphin Dr, Theodore, AL 36582
      View Details
    • $200,000
      1.45 Acres

      Prime Commercial Lot Available

      1.45-acre commercial lot in a high-traffic area.
      6630 Hamilton Blvd, 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
    • Contact for pricing

      Land Available For Lease

      Single tenant land for lease, approximately one acre.
      5840 Plantation Rd, 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
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    • $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
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Theodore, Alabama.
      5580 Middle Rd, Theodore, AL 36582
      View Details
    View Listing
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    Theodore, AL 36582
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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.

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    6717 McDonald Rd , Theodore, AL, 36582

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