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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7400 Theodore Dawes Rd Theodore, AL 36582

    • Commercial real estate
    • 3.74 lot acres
    For Sale
    View listing
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0735057
    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 7400 Theodore Dawes Rd

    Lot size
    3.74 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property encompasses 3.74 acres situated on two parcels at the high-traffic intersection of Theodore Dawes Road and Old Pascagoula Road in Theodore, Alabama. The property benefits from excellent visibility and accessibility, positioned directly across from a Walmart and conveniently located near Interstate 10 exit 13. The site's strategic location on a newly constructed five-lane road makes it exceptionally suitable for a variety of commercial ventures, including a strip shopping center, bank, free-standing building, fast-food restaurant, or convenience store. The combined parcels, identified as 7400 Theodore Dawes Road (parcel # 33-09-31-4-000-083) and 7350 Old Pascagoula Road (parcel # 33-09-31-4-000-080), are offered together for a total price of $2,000,000. This presents a rare opportunity to acquire a substantial commercial land holding in a rapidly developing area with high potential for return on investment. The property's size and location offer significant advantages for businesses seeking high visibility and convenient access for customers. The existing infrastructure and proximity to major roadways ensure seamless operations and strong potential for attracting a diverse clientele. This is a truly exceptional opportunity for commercial development in a thriving location.

    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 - AL
    State
    Alabama
    Longitude
    -88.21524
    Latitude
    30.56438

    Comparable in this City

    • Contact for pricing
      0.40 Acres

      I-10 Commercial Land, Mobile, AL

      Seven lots, I-10 visibility, industrial zoned.
      5578 Sermon Rd, Mobile, AL 36582
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    • $65,000
      37,417.00 Acres

      Prime Theodore Industrial Parcels

      Development-ready land, build-to-suit options.
      0 Abigail Dr, Theodore, AL 36582
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      2.30 Acres

      Plantation Road Industrial Land

      Prime Theodore, AL industrial lots.
      5460 Plantation Rd, Theodore, AL 36582
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    • $3,650,000
      20,000 SF

      Prime Theodore Warehouse - 20,000 SF

      Spacious warehouse, 5.5 acres, ideal for distribution.
      9361 Lundy Ln, Theodore, AL 36582
      View Details
    • $1,750,000
      12.00 Acres

      #39010100010018.002

      #3901010010018.001
      7554 Deer River Rd, 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

    Similar Nearby for Sale

    • Contact for pricing
      0.40 Acres

      I-10 Commercial Land, Mobile, AL

      Seven lots, I-10 visibility, industrial zoned.
      5578 Sermon Rd, Mobile, AL 36582
      View Details
    • $1,750,000
      12.00 Acres

      #39010100010018.002

      #3901010010018.001
      7554 Deer River Rd, Theodore, AL 36582
      View Details
    • $3,650,000
      20,000 SF

      Prime Theodore Warehouse - 20,000 SF

      Spacious warehouse, 5.5 acres, ideal for distribution.
      9361 Lundy Ln, Theodore, AL 36582
      View Details
    • $65,000
      37,417.00 Acres

      Prime Theodore Industrial Parcels

      Development-ready land, build-to-suit options.
      0 Abigail Dr, Theodore, AL 36582
      View Details
    • Contact for pricing
      2.30 Acres

      Plantation Road Industrial Land

      Prime Theodore, AL industrial lots.
      5460 Plantation Rd, 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

    Similar Nearby for Lease

    • $7 SF/Yr
      96,206 SF

      Theodore, AL Industrial Space

      Large industrial space for lease in Theodore, AL.
      5212 Willis Rd, Theodore, AL 36582
      View Details
    • $12 SF/Yr
      2,000 SF

      Prime Theodore Industrial Space

      2,000 SF Flex Space, I-10 Access
      6215 Rangeline 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
    • $9 SF/Yr
      7,000 SF

      Rangeline Office/Warehouse Space Available

      Flexible Office/Warehouse in Theodore, AL
      5821 Rangeline Rd, Theodore, AL 36582
      View Details
    • $15 SF/Yr
      5,082 SF

      Bellingrath Rd Retail/Office Space

      High-traffic retail space in Theodore, AL.
      6941 Bellingrath Rd, Theodore, AL 36582
      View Details
    • Contact for pricing

      Retail Space in Theodore, Alabama

      Retail spaces available with quick access to I-10.
      7371 Theodore Dawes Rd, Theodore, AL 36582
      View Details
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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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