5851 Larue Steiner RdMobile, AL 36582

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

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.

• 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

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