7251 Theodore Dawes Rd Theodore, AL 36582
For Lease
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Olympic Plaza, a prime retail center in Theodore, Alabama, offers exceptional opportunities for businesses seeking high visibility and convenient access. This single-story, 11,000 square foot building sits on a 0.96-acre lot with 54 parking spaces, providing ample room for customers and employees. The property boasts 100 feet of frontage on Theodore Dawes Road, strategically positioned near the intersection of Interstate 10 and Old Pascagoula Road, ensuring high traffic volume. Currently, 2,500 square feet of space is available, divisible into units as small as 1,000 square feet and up to a contiguous 1,500 square feet. The building features a 16-foot ceiling height and underwent renovations in 2021. The property is zoned County and its APN is R-02-33-09-31-4-000-086.003. Located just 1/2 mile from Interstate 10, Olympic Plaza benefits from excellent visibility and accessibility. A prominent pylon sign with digital advertising capabilities further enhances visibility. The center is situated near major retailers including Walmart Neighborhood Market, Rouses Market, Advance Auto Parts, Family Dollar, Ace Hardware, Walgreens, and numerous fast-food restaurants, creating a thriving commercial environment. Raw space is available, with the landlord providing a "vanilla box" condition including ceiling, lighting, a new ADA-compliant restroom, HVAC, and electrical systems. Construction is anticipated to begin in the fourth quarter of 2023. This is an exceptional opportunity for businesses seeking a high-traffic location in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.