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    Property profile & analytics

    7519 Theodore Dawes Rd Theodore, AL 36582

    • Investment properties
    • 9,033 SF
    • 0.95 lot acres
    For Sale
    View listing
    $735,000
    Value Estimation
    Last Sale
    May 05, 2025
    $705,000
    Location Intelligence
    Property ID
    US03-1934873
    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

    • Investment properties

    Property Details for 7519 Theodore Dawes Rd

    Year built
    2005
    Lot size
    0.95 lot acres
    Property size
    9,033 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    33 09 31 3 000 004.XXX
    APU
    3309313000004XXX

    Description

    This single-tenant, 9,016 square foot Dollar General storefront in Theodore, Alabama, presents a compelling investment opportunity. The property boasts a strong 8.08% cap rate and a substantial net operating income (NOI) of $59,400. Currently operating under a Net Lease (NN+) agreement with a corporate guarantee, the lease features three 5-year renewal options, extending the lease term to 2025. The property sits on a 0.95-acre lot with 30 parking spaces and enjoys excellent visibility due to its 127-foot frontage. Built in 2005, the single-story building is situated in an un-zoned county area and benefits from high daily traffic counts of 17,600 vehicles. The tenant, Dollar General, has consistently maintained the property, recently upgrading refrigerated coolers and outdoor lighting in 2023. The asking price is $735,000, translating to $81.52 per square foot. The land value alone is $2.25 per square foot. This property offers a secure, long-term investment with a proven track record and significant upside potential. The lease commenced September 28, 2005, and expires August 31, 2025, leaving approximately 0.8 years remaining on the current term. The property is held in trust.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $610,000
      6.5%
      $645,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $685,000
      Geo Method
      $610,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $640,000
      Retail
      $535,000
      Mixed-Use
      $685,000
      Hospitality
      $720,000
      Educational
      $590,000
      Residential Income
      $675,000
      Energy
      $615,000
      Income-Based Land
      $680,000
      Food Service
      $630,000

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2191
    Latitude
    30.567
    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
    $5,579
    $18,680
    $96,360
    $115,040
    -
    $93,400
    $481,800
    $575,200

    Comparable in this City

    • Value Estimation by Request
      1,504 SF

      6100 Hwy 90

      STORE/OFFICE (MIXED USE) • 1,504 SF
      6100 Hwy 90, Theodore, AL 36582-1812
      View Details
    • Value Estimation by Request
      2,002 SF

      7450 Theodore Dawes Rd

      STORE/OFFICE (MIXED USE) • 2,002 SF
      7450 Theodore Dawes Rd, Theodore, AL 36582-9474
      View Details
    • Value Estimation by Request
      7,114 SF

      5877 Hwy 90

      STORE/OFFICE (MIXED USE) • 7,114 SF
      5877 Hwy 90, Theodore, AL 36582
      View Details
    • Value Estimation by Request
      3,266 SF

      9620 Government Blvd

      STORE/OFFICE (MIXED USE) • 3,266 SF
      9620 Government Blvd, Theodore, AL 36582
      View Details
    • Value Estimation
      $100,000
      2,365 SF

      7293 Bellingrath Rd

      STORE/OFFICE (MIXED USE) • 2,365 SF
      7293 Bellingrath Rd, Theodore, AL 36582
      View Details
    • Value Estimation
      $220,000
      3,030 SF

      7251 Theodore Dawes Rd

      STORE/OFFICE (MIXED USE) • 3,030 SF
      7251 Theodore Dawes Rd, Theodore, AL 36582-4137
      View Details

    Similar Nearby for Sale

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      Dollar General Investment Opportunity

      High-traffic West Mobile County retail property.
      7519 Theodore Dawes Rd, Theodore, AL 36582
      View Details
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      Theodore Industrial Portfolio

      88 Acres, 117,500 SF, Vacant
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    • $1,250,000
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      Industrial Land for Sale in Theodore, AL

      9.1 Acres, Build-to-Suit Options
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    Similar Nearby for Lease

    • $4,500 /Mo
      6,056 SF

      Theodore Industrial Space For Lease

      6,056 SF industrial space; excellent location.
      5821 I 10 Industrial Pkwy S, Theodore, AL 36582
      View Details
    • $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
    • $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
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    7519 Theodore Dawes Rd
    Theodore, AL 36582
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    Realmo Value Estimation

    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.

    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.

    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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