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Property profile & analytics
FOR LEASE
Manufacturing properties
701 Bill Myles Dr Saraland, AL 36571
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-1878195
For Lease
1 / 2
$3,000/Mo
701 Bill Myles Dr, Saraland, AL 36571
View Listing →
Property summary
AI-generated overview
This exceptional 6.9-acre industrial land parcel, located at 701 Bill Myles Dr in Saraland, Alabama (zip code 36571), presents a unique investment opportunity. Currently undergoing development as a yard, 2-5 acres will be available for sale. The property is zoned M-1 and boasts a land value of $2 per square foot, totaling an asking price of $600,000. The APN is 2202033000006002. This is the last available lot within the Mobile River Industrial Park, offering unparalleled access to major transportation arteries. Situated conveniently off US Highway 43, it's only 10 miles from the Port of Mobile, providing seamless logistics for businesses requiring proximity to shipping and transportation hubs. The site is ideal for use as a lay-down or container yard. Build-to-suit options are available
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
18,620 SF
Lot
2.4 ac (104,500 SF)
APN
22 02 03 3 000 005.XXX
UPID
US03-1878195
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
Current use
Occupant on record · Public records
-
Magnetech Industrial Services Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert T Wolfenden · 1 yrs held
Robert T Wolfenden
since 2025
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Saraland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saraland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,142
Tax year 2023
Assessed value
$254,480
Assessed 2023
Previous assessed
$254,480
+0.0% YoY
Effective rate
5.95%
On assessed value
Assessed land
$21,360
Assessed improvement
$233,120
Land market value
$106,800
Improvement market value
$1,165,600
Total market value
$1,272,400
Applied tax rate
16.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1985
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Rooms
1
Bathrooms
8
Total area
18,620 SF
Lot
2.4 ac (104,500 SF)
APN
22 02 03 3 000 005.XXX
UPID
US03-1878195
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
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Bathrooms
8
Lot
2.4 ac
Current owner
From public records · entity-resolved
Robert T Wolfenden
Individual
Free & Clear · 1 yrs held
Mailing address
800 NAVE RD SE, MASSILLON, OH 44646-9476
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
$9,000,000
Robert T Wolfenden
Mckinley Sparks LLC
Warranty Deed
—
Dec 17, 2024
—
Mckinley-sparks LLC
—
Deed
related
$1,041,850 · Century Bank
Oct 28, 2022
$231,558
Mckinley Sparks LLC
Alabama 1031 Qeat Services LLC
Deed
—
Oct 11, 2022
$230,000
Alabama 1031 Qeat Services LLC
Magnetech Industrial Services INC
Warranty Deed
—
Oct 19, 2016
$9,500
Magnetech Indl Svcs Of Alabama L
Creating Health & Opportunity
Warranty Deed
—
Aug 1, 2016
$7,000
Creating Health & Opportunity
Revenue Commissioner|magnetech Indl Svcs Of Alabam
Deed
—
Jun 6, 2006
$2,400,000
Magnetech Indl Svcs Of Alabama L
Industrial Dev Board Of City/sara
Warranty Deed
$1,600,000 · Laurus Capital Management LLC
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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