6941 Bellingrath RdTheodore, AL 36582

  • Mixed-use properties
  • 10,080 SF
For Lease
$13.50/SF/YR View listing

Property Details for 6941 Bellingrath Rd

Year built
2006
Lot size
0.99 AC
Property size (Sq ft)
10,080 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
38 02 03 3 000 019.XXX
APU
3802033000019XXX

Description

This exceptional free-standing, mixed-use retail building, located at 6941 Bellingrath Rd in Theodore, Alabama, offers 5,082 square feet of space on a 0.97-acre lot. Built in 2006, the single-story building features 40 parking spaces and boasts excellent visibility at the corner of Hwy 90 and Bellingrath Rd, with an estimated daily traffic count of 27,000 vehicles. Currently, there are approximately 3,150 square feet divisible into smaller spaces, with a minimum divisible unit of 1,582 square feet. The property is well-maintained and benefits from a pylon sign and a traffic signal for easy access. Its prime location is within 1.5 miles of Theodore High School, Burroughs Elementary School, and Nan Grey Davis, ensuring high foot traffic and visibility. The asking rate is $13.50 per square foot, plus an estimated $2.00 per square foot for CAM, taxes, and insurance. The property's APN is 3802033000019.000 and is situated in Mobile County, Alabama, zip code 36582. This location offers convenient access to nearby amenities, including an Exxon gas station and Stop Shop. The property is ideal for a variety of retail or office uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,982,142
    6.5%
    $1,829,669
    7%
    $1,698,979
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,191,813
    Geo Method
    $1,110,710
  • Alternative Use

    Use
    Valuation
    Residential
    $1,829,669
    Hospitality
    $1,675,967
    Educational
    $1,394,385
    Medical
    $1,442,340
    Retail
    $2,169,044
6941 Bellingrath Rd, Theodore, Alabama

Location Insight

City
Theodore
County
Mobile
State
Alabama
Latitude
30.5472
Longitude
-88.1739
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
$11,345
$29,180
$146,100
$175,280
-
$145,900
$730,500
$876,400

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