5851 Larue Steiner RdMobile, AL 36582

  • Retail properties
  • 20,386 SF
For Sale
$1,215,000 View listing

Property Details for 5851 Larue Steiner Rd

Year built
1969
Lot size
0.94 AC
Property size (Sq ft)
20,386 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
33 08 33 1 000 033.XXX
APU
3308331000033XXX

Description

This exceptional industrial property, located at 5851 Larue Steiner Rd in Theodore, Alabama, presents a compelling investment opportunity for owner-users or multi-tenant operations. The warehouse boasts 20,386 square feet of space, priced at $59.60 per square foot, totaling $1,215,000. Situated on a 1.58-acre lot, the property is zoned I-1, accommodating a wide range of industrial uses. Its convenient location offers easy access to Interstate 10, enhancing logistical efficiency. The existing building provides ample space for warehouse and office functions, while the substantial lot size allows for potential expansion or the addition of outdoor storage areas. This Class C multi-tenant building offers significant potential for growth and development. An adjacent 0.96-acre lot is also available for purchase, providing further expansion possibilities or additional yard space. This property is ideal for businesses seeking to establish or expand their industrial operations in the thriving Theodore area of Mobile County. The combination of size, zoning, location, and expansion potential makes this a truly attractive investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,752,278
    6.5%
    $4,386,718
    7%
    $4,073,382
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,918,757
    Geo Method
    $3,652,087
  • Alternative Use

    Use
    Valuation
    Residential
    $3,700,361
    Hospitality
    $3,389,511
    Educational
    $2,820,033
    Medical
    $2,917,018
    Retail
    $4,386,718
5851 Larue Steiner Rd, Mobile, Alabama

Location Insight

City
Theodore
County
Mobile
State
Alabama
Latitude
30.5701
Longitude
-88.1772
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
$6,713
$16,480
$86,000
$102,480
-
$82,400
$430,000
$512,400

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