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    6941 Bellingrath Rd Theodore, AL 36582
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    Property profile & analytics

    6941 Bellingrath Rd, Theodore, AL 36582

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    • Investment properties
    • 10,080 SF
    • 0.99 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    1,582 - 5,082 SF Great Location for Retail/Office Spaces, Bellingrath Crossroads Center For Lease
    $15 SF/Yr

    1,582 - 5,082 SF Great Location for Retail/Office Spaces, Bellingrath Crossroads Center

    1,582 - 5,082 SF Great Location for Retail/Office Spaces, Bellingrath Crossroads Center

    6941 Bellingrath Rd, Theodore, AL 36582
    View Listing
    Property ID
    US03-0922136
    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
    $1,755,000
    Cap Rate Potential
    7.6%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 6941 Bellingrath Rd

    Year built
    2006
    Lot size
    0.99 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    38 02 03 3 000 019.XXX
    APU
    3802033000019XXX

    Description

    This exceptional free-standing, mixed-use retail building, located at 6941 Bellingrath Rd in Theodore, Alabama, offers 5,082 square feet of space on a 0.97-acre lot. Built in 2006, the single-story building features 40 parking spaces and boasts excellent visibility at the corner of Hwy 90 and Bellingrath Rd, with an estimated daily traffic count of 27,000 vehicles. Currently, there are approximately 3,150 square feet divisible into smaller spaces, with a minimum divisible unit of 1,582 square feet. The property is well-maintained and benefits from a pylon sign and a traffic signal for easy access. Its prime location is within 1.5 miles of Theodore High School, Burroughs Elementary School, and Nan Grey Davis, ensuring high foot traffic and visibility. The asking rate is $13.50 per square foot, plus an estimated $2.00 per square foot for CAM, taxes, and insurance. The property's APN is 3802033000019.000 and is situated in Mobile County, Alabama, zip code 36582. This location offers convenient access to nearby amenities, including an Exxon gas station and Stop Shop. The property is ideal for a variety of retail or office uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,770,000
      ML approach
      $1,905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,235,000
      6.5%
      $2,065,000
      7%
      $1,915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,355,000
      Market price range: $491k - $1.43M
      AI Estimate
      $1,757,000
      Market price range: $433k - $1.78M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,045,000
      RESTAURANT
      $1,930,000
      RETAIL STORES
      $1,740,000
      OFFICE BUILDING
      $1,080,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1739
    Latitude
    30.5472
    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
    $11,345
    $29,180
    $146,100
    $175,280
    -
    $145,900
    $730,500
    $876,400

    Comparable in this City

    • Value Estimation by Request
      1,504 SF

      6100 Hwy 90

      STORE/OFFICE (MIXED USE)
      6100 Hwy 90, Theodore, AL 36582-1812
      View Details
    • Value Estimation by Request
      2,002 SF

      7450 Theodore Dawes Rd

      STORE/OFFICE (MIXED USE)
      7450 Theodore Dawes Rd, Theodore, AL 36582-9474
      View Details
    • Value Estimation
      $1,170,000
      7,114 SF

      5877 Hwy 90

      STORE/OFFICE (MIXED USE)
      5877 Hwy 90, Theodore, AL 36582
      View Details
    • Value Estimation by Request
      3,266 SF

      9620 Government Blvd

      STORE/OFFICE (MIXED USE)
      9620 Government Blvd, Theodore, AL 36582
      View Details
    • Value Estimation by Request
      2,365 SF

      7293 Bellingrath Rd

      STORE/OFFICE (MIXED USE)
      7293 Bellingrath Rd, Theodore, AL 36582
      View Details
    • Value Estimation by Request
      3,030 SF

      7251 Theodore Dawes Rd

      STORE/OFFICE (MIXED USE)
      7251 Theodore Dawes Rd, Theodore, AL 36582-4137
      View Details

    Similar Nearby for Sale

    • $735,000
      9,016 SF

      Dollar General Investment Opportunity

      High-traffic West Mobile County retail property.
      7519 Theodore Dawes Rd, Theodore, AL 36582
      View Details
    • Contact for pricing

      Theodore Mixed-Use Property For Sale

      Mixed-use property available in Theodore, Alabama.
      8053 Old Cherry Dr N, Theodore, AL 36582
      View Details
    • $354,374
      1,610 SF

      Theodore Waterfront Mixed-Use Property

      Versatile waterfront property, ample space, great location.
      5746 Rabbit Creek Dr, Theodore, AL 36582
      View Details
    • Contact for pricing
      8,000 SF

      8,000 SF Freestanding Building

      Freestanding building suitable for retail, office, storage, or flex uses.
      10800 Dauphin Island Pkwy, Theodore, AL 36582
      View Details
    • $775,000
      2,701 SF

      Prime Theodore Retail Space

      High-traffic corner lot, 2,701 SF bank building.
      5826 Highway 90, Theodore, AL 36582
      View Details
    • $419,000
      5,000 SF

      Theodore, AL Industrial Property

      Ready-to-use shop; high visibility location.
      5450 Willis Rd, Theodore, AL 36582
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,300 SF

      Retail Spaces on Old Pascagoula

      Three retail suites available for lease, can be combined.
      6105 Old Pascagoula Rd, Theodore, AL 36582
      View Details
    • $14 SF/Yr
      875 SF

      Jackson Square Retail Space Available

      Prime Theodore location, 875 sq ft, available August 1st.
      5879 Highway 90, Theodore, 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
    • $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
    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.

    More about this property
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