5851 Larue Steiner RdMobile, AL 36582
- Retail properties
- 20,386 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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