7519 Theodore Dawes Rd Theodore, AL 36582
Property profile & analytics
7519 Theodore Dawes Rd Theodore, AL 36582
- Investment properties
- 9,033 SF
- 0.95 lot acres
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.
Location Intelligence
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $645,000
- ML approach
- $645,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $889,000
Market price range: $440k - $1.28M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $800,000 Current use
- OFFICE BUILDING
- $985,000 Change: +23% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
