MOBILE MARKET WATCH
Mitchell College of Business
Center for Real Estate Studies
Industrial Properties:
Baldwin and Mobile
For Lease and For Sale
“Data you can use.”
“Education you can use.”
Mitchell College of Business Center for Real Estate Studies
Fall, 2007
This report is available at http://cres.southalabama.edu/
USA takes reasonable measures to ensure the quality of the data and other information
produced. However, USA makes no warranty, express or implied, nor assumes any legal
liability or responsibility for the accuracy, correctness, or completeness of any
information, nor represents that its use would not infringe on privately owned rights.
Reference to any specific commercial product, process, or service does not constitute an
endorsement, recommendation, or favoring by USA.
1/18
INDUSTRIAL PROPERTIES: BALDWIN AND MOBILE
For Lease and For Sale
Table of Contents
Introduction
Interesting Facts
List of Zipcodes
Table 1.
2007 Spring/Summer Asking Lease Rate per S.F. by Zipcode
Table 2.
2007 Spring/Summer Calculated Vacancy Rate by Zipcode
Selective statistics
Table 3.
2007 Spring/Summer Total Market of Industrial Properties
Advertised for Lease
Table 4.
2007 Spring/Summer Advertised Sales Price per S.F. by
Zipcode
Table 5.
2007 Spring/Summer Calculated Sales Price per S.F. by
Zipcode
Table 6.
2007 Spring/Summer Total Market of Industrial Properties
Advertised for Sale
USA takes reasonable measures to ensure the quality of the data and other information produced.
However, USA makes no warranty, express or implied, nor assumes any legal liability or
responsibility for the accuracy, correctness, or completeness of any information, nor represents that
its use would not infringe on privately owned rights. Reference to any specific commercial product,
process, or service does not constitute an endorsement, recommendation, or favoring by USA.
2/18
Introduction
This represents the second report on commercial properties by the Center
for Real Estate Studies entitled “Industrial Properties: Baldwin and Mobile”.
It includes interesting statistics for the Fall 2007.
Readers should remember that the data covers advertised “for lease” and
“for sale” data only. Final sale information is excluded.
Special thanks goes to the Commercial Property Directory, Birmingham, for
providing useful data. Other sources include Loopnet, Alabama Power,
Economic Development Partnership Alliance, and the Center for Real
Estate Studies.
Look for the additional commercial property reports.
For additional information, contact Don Epley, Director, Center for Real
Estate Studies, 251.460.6735 or depley@usouthal.edu.
3/18
Interesting Facts
2007 Advertised Industrial Properties For Lease:
total properties included
58
asking lease rate per s.f.
median $5.00 on 55 buildings reporting
building s.f.
median 14,000 on 55 buildings reporting
total building s.f.
1,680,397 on 55 buildings reporting
total available s.f.
1,654,086 on 55 buildings reporting
available s.f.
median 14,000 on 55 buildings reporting
2007 Advertised Industrial Properties For Sale:
total properties included
47
sales price
median $600,000 on 47 buildings reporting
building s.f.
median 18,930 on 36 buildings reporting
sales price per bldg. s.f.
median $45.41 on 36 buildings reporting
site s.f.
median 130,680 on 41 sites reporting
sales price per site s.f.
median $6.80 on 41 sites reporting
Note: This data covers only properties advertised for lease and for sale as an indication of
current market activity. They do not represent the total inventory. For example, the
“building s.f.” represents only buildings that are advertised with available space. Owneroccupied property is excluded, also.
4/18
Mobile County
Zip Code
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
36622
36625
36628
36630
36633
36640
36641
36644
36652
36660
36663
City
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
State
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
Area Code
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
5/18
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
251
251
251
251
251
251
251
251
251
251
58 in total
Source: www.getzips.com
6/18
City of Mobile
ZIP CODES
36571
36572
43
36613
36611
36575
36612
36610
36618
36617
36603
36607
36608
36602
36606
36604
36603
36609
36695
36615
36693
36605
36619
ZIP CODE BOUNDARY
MOBILE CITY LIMITS
98
36582
0
1
2
Miles
City of Mobile GIS / April, 2004
7/18
Baldwin County
Zip Code
36507
36511
36526
36527
36530
36532
36533
36535
36536
36542
36547
36549
36550
36551
36555
36559
36561
36562
36564
36567
36574
36576
36577
36578
36579
36580
26 in total
City
Bay Minette
Bon Secour
Daphne
Spanish Fort
Elberta
Fairhope
Fairhope
Foley
Foley
Gulf Shores
Gulf Shores
Lillian
Little River
Loxley
Magnolia Springs
Montrose
Orange Beach
Perdido
Point Clear
Robertsdale
Seminole
Silverhill
Spanish Fort
Stapleton
Stockton
Summerdale
State
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
Area Code
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
Source: www.getzips.com
8/18
MARKET WATCH
Table 1.
2007 Spring/Summer Industrial Properties
Mobile and Baldwin
Advertised For Lease
Asking Lease Rate per S.F. by Zipcode
property
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
ID #
43
44
45
46
47
48
49
50
51
52
53
54
1
55
56
57
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
58
zipcode
30507
36507
36507
36526
36526
36526
36526
36532
36532
36535
36535
36542
36544
36551
36551
36551
36571
36571
36571
36582
36582
36582
36602
36602
36603
36606
36606
36606
36607
36607
36607
36607
36607
36609
36609
36609
36610
36610
36610
36611
36615
36617
36617
36618
36619
36619
36693
36693
36693
36693
36693
36693
36693
36693
36693
36693
36695
NA
median
properties reporting
asking lease s.f.
$2.70
$5.00
$3.50
$8.18
$8.00
$5.50
$4.25
$1.50
$6.00
$4.50
$6.90
$6.50
$2.70
$4.50
$8.66
$4.50
$6.59
$3.50
$3.50
$4.45
$9.21
$8.40
$9.00
$3.50
$5.25
$4.00
$10.00
$3.50
$3.50
$4.00
$5.68
$6.50
$5.00
$8.50
$2.00
$4.00
$4.00
$2.75
$4.00
$2.25
$5.00
$6.40
$3.50
$8.50
$8.50
$5.75
$1.78
$1.25
$9.00
$7.50
$7.50
$1.25
$1.78
$12.00
$10.00
$5.00
55
total advertised s.f.
98,817
6,000
79,000
6,600
10,000
12,500
3,600
9,320
94,049
12,000
15,000
124,936
36,000
5,545
144,000
3,820
21,000
21,000
342,160
4,300
5,000
25,000
13,000
12,000
20,438
3,500
44,606
14,000
68,000
73,979
15,000
2,850
20,000
35,000
10,000
8,000
12,800
20,577
18,000
10,000
16,500
4,500
38,500
4,500
10,000
2,500
18,500
16,800
10,000
21,000
6,000
16,800
18,500
2,400
12,500
14,000
55
Note: An average has been entered for lease rates reported as a range.
9/18
MARKET WATCH
Table 2.
2007 Spring/Summer Industrial Properties
Mobile and Baldwin
Advertised For Lease
Asking Lease Rate per S.F. by Zipcode
property
1
2
3
ID #
43
44
45
zipcode
30507
36507
36507
total advertised s.f.
98,817
6,000
79,000
advertised avail s.f.
54,000
6,000
79,000
calculated vacancy rate
55%
100%
100%
4
5
6
7
46
47
48
49
36526
36526
36526
36526
6,600
10,000
12,500
6,600
10,000
2,400
1,800
100%
100%
19%
8
9
50
51
36532
36532
3,600
9,320
3,600
9,320
100%
100%
10
11
52
53
36535
36535
94,049
12,000
94,049
12,000
100%
100%
12
54
36542
15,000
15,000
100%
13
1
36544
124,936
124,936
100%
14
15
16
55
56
57
36551
36551
36551
36,000
5,545
144,000
36,000
5,545
144,000
100%
100%
100%
17
18
19
2
3
4
36571
36571
36571
3,820
21,000
21,000
3,820
21,000
21,000
100%
100%
100%
20
21
22
5
6
7
36582
36582
36582
342,160
4,300
5,000
342,160
4,300
5,000
100%
100%
100%
23
24
8
9
36602
36602
25,000
13,000
5,000
20%
25
10
36603
12,000
12,000
100%
26
27
28
11
12
13
36606
36606
36606
20,438
3,500
44,606
20,438
3,500
8,712
100%
100%
20%
29
30
31
32
33
14
15
16
17
18
36607
36607
36607
36607
36607
14,000
68,000
73,979
15,000
2,850
14,000
68,000
73,979
100%
100%
100%
2,850
100%
34
35
36
19
20
21
36609
36609
36609
20,000
35,000
10,000
20,000
35,000
1,200
100%
100%
12%
37
38
39
22
23
24
36610
36610
36610
8,000
12,800
87,500
8,000
12,800
100%
100%
40
25
36611
20,577
20,577
100%
41
26
36615
18,000
42
43
27
28
36617
36617
10,000
10,000
50,000
100%
44
29
36618
16,500
16,500
100%
45
46
30
31
36619
36619
4,500
38,500
4,500
38,500
100%
100%
47
48
49
50
51
52
53
54
55
56
32
33
34
35
36
37
38
39
40
41
36693
36693
36693
36693
36693
36693
36693
36693
36693
36693
4,500
10,000
2,500
18,500
16,800
10,000
21,000
6,000
16,800
18,500
4,500
10,000
2,500
18,500
16,800
10,000
21,000
6,000
16,800
18,500
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
57
42
36695
2,400
2,400
100%
58
58
NA
12,500
12,500
100%
1,680,397
14,000
55
1,654,086
14,000
55
total
median
properties reporting
Note: An average has been entered for lease rates reported as a range.
10/18
MARKET WATCH
Table 3
2007 Spring / Summer Industrial Properties
Mobile and Baldwin
Total Market of Industrial Properties Advertised for Lease
Mobile
Source
ID #
Date
Month
Date
Year
Zip
Code
zipcod
Building Name
Location
Yr Blt
2
1
Nov.
2007
36544 Padgett Switch Road
12045 Padgett Switch Road
2
2
Nov.
2007
36571 1125 Highway 43 Bldg
1125B Highway 43
2
3
Nov.
2007
36571 Mobile River Industrial Park
207 Jacintoport Blvd
2003
1
4
sp/su
2007
36571 UOP Building
Mobile River Industrial Park
2003
2
5
Nov.
2007
36582 Mobile Spec 1
6955 Theodore Dawes Rd
2008
2
6
Nov.
2007
36582
4400 Rangeline Road
1
7
sp/su
2007
36582
5520 Business Pkwy
2001
1
8
sp/su
2007
36602 201 St. Joseph Street
201 St. Joseph Street
1939
1
9
sp/su
2007
36602 811 St. Francis Street
811 St. Francis Street
1
10
sp/su
2007
36603 961 Congress Street
961 Congress Street
2
11
Nov.
2007
36606 1541 South Beltline Drive
1541 South Beltlinee Drive
2
12
Nov.
2007
36606 The Loop Shopping Center
1967 Government Street "D" & "E"
1
13
sp/su
2007
36606 Dauphin Center
2866 Dauphin Street
1985
2
14
Nov.
2007
36607 Crown Warehouse
361 Sage Ave, Suite B
1951
2
15
Nov.
2007
36607
85 Sidney Phillips Dr
2
16
Nov.
2007
36607 Gayfers / Dillards Warehouse
65 Sidney Phillips Drive
1
17
sp/su
2007
36607 3000 Mill Street
3000 Mill Street
1
18
sp/su
2007
36607 Corporate Drive North
1125 Corporate Drive North
2
19
Nov.
2007
36609 Halls Mill Square
3755 Halls Mill Square
Sidney Phillips Warehouse
Distribution
Yr
Renv
1995
No.
FL
Pkg
Total
S.F.
Lease
S.F.
Avail
S.F.
Small
Contigous
Lgst
Contigous
1
124,936
$2.70
124,936
NA
124936
1
3,820
$6.59
3,820
3820
5031
1
21,000
$3.50
21,000
NA
NA
21,000
$3.50
21,000
NA
NA
1
342,160
$4.45
342,160
100,000
342,160
1
4,300
$9.21
4,300
NA
NA
5,000
$8.40
5,000
NA
NA
25,000
$9.00
5,000
2,000
5,000
NA
NA
1
2001
13,000
1
12,000
$3.50
12,000
NA
NA
1
20,438
$5.25
20,438
NA
NA
1
3,500
$4.00
3,500
1,750
3,500
44,606
$10.00
8,712
700
3,500
1
14,000
$3.50
14,000
NA
NA
1975
1
68,000
$3.50
68,000
34,000
68,000
2008
1
73,979
$4.00
73,979
NA
NA
NA
NA
1980
NA
15,000
2,850
2006
1
1
$5.68
2,850
2,850
2,850
20,000
$6.50
20,000
5,000
20,000
35,000
$4.00
$6.00
35,000
10,000
35,000
10,000
$8.50
1,200
750
1,500
$2.00
87,500
NA
NA
2
20
Nov.
2007
36609 Government Warehouse / Retail 4128 Government Blvd
1970
1
21
sp/su
2007
36609 Loop West Building
750 Downtowner Loop West
1990
1
22
sp/su
2007
36610 Braco Industrial Park
Highway 45, 2 blks off I-65
1
23
sp/su
2007
36610 3009 Hand Avenue
3009 Hand Avenue
1980
1
8,000
$4.00
8,000
8,000
8,000
1
24
sp/su
2007
36610 3019 Hand Avenue
3019 Hand Avenue
1980
1
12,800
$4.00
12,800
12,800
12,800
2
25
Nov.
2007
36611 Craft Highway
500 N. Craft Highway
1
20,577
$2.75
20,577
NA
NA
1999
Company / Agent / E-mail
Ward Properties, Inc.
Rudolph Turner
John Toomey & Company, Inc.
Dan Graney - dangraney@johntoomeycompany.com
Grubb & Ellis Propoerty Solutions Worldwide
Debra Price
Peebles & Cameron, L.L.C.
Allan Cameron, Jr. - acameron@peeblesandcameron.com
Johnson Development Associates
Joshua Jones
NAII Heggeman Realty Company
Mitchum Jackson
Prudential Cooper & Co., Inc. Commercial Division
David Cooper - davidcooper@prucooper.com
NAI Heggeman Realty Co., Inc.
Bernie Heggeman - bheggeman@heggeman.com
Metcalfe & Company, Inc.
Adam Metcalfe - adam@metcalfeco.com
Betbeze Realty Co., Inc.
Joseph G. (Joey) Betbeze, Jr. JoeyBetbeze@BetbezeRealty.com
The Drummond Group
Todd Drummond
Property Management Group
Jeff Laufer
John Toomey & Company, Inc.
John Toomey - johntoomey@johntoomeycompany.com
John Toomey & Company, Inc.
Dan Graney - dangraney@johntoomeycompany.com
Praytor Properties, LLC
Tommy Praytor, CCIM
White-Spunner and Associates, Inc.
Pat Taylor
NAI Heggeman Realty Co., Inc.
Bernie Heggeman - bheggeman@heggeman.com
Betbeze Realty Co., Inc.
Joseph G. (Joey) Betbeze, Jr. Praytor Properties, LLC
Tommy Praytor, CCIM
Praytor Properties, LLC
Tommy Praytor, CCIM
Stein Investments, Inc.
David Stein - Steininv@aol.com
Delaney Development
Terry McKinney - terrym@delaneyinc.net
Betbeze Realty Co., Inc.
Joseph G. (Joey) Betbeze, Jr. JoeyBetbeze@BetbezeRealty.com
Betbeze Realty Co., Inc.
Joseph G. (Joey) Betbeze, Jr. JoeyBetbeze@BetbezeRealty.com
Ward Properties, Inc.
Rudolph Turner
11/18
1
26
sp/su
2007
36615 2120 Michigan Ave
2120 Michigan Ave
1970
2
27
Nov.
2007
36617 3400 Georgia Pacific
3400 Georgia Pacific
1980
1
28
sp/su
2007
36617 Paper Products
3440 Armour Blvd
2
29
Nov.
2007
36618 Overlook Shopping Cener
5304 Overllok Road @ Moffett Rd
4960A Rangeline Road
2005
1985
18,000
1
10,000
4,000
10,000
$4.00
10,000
NA
NA
$2.25
50,000
50,000
50,000
1
16,500
$5.00
16,500
NA
NA
1
4,500
$6.40
4,500
NA
NA
38,500
$3.50
38,500
38,500
38,500
1
4,500
$8.50
4,500
NA
NA
1
10,000
$8.50
10,000
NA
NA
1
2,500
$5.75
2,500
NA
NA
2
30
Nov.
2007
Rangeline Road Office /
36619
Warehouse
1
31
sp/su
2007
36619 Kooiman Rd Warehouses
5235 Kooiman Rd
2
32
Nov.
2007
36693 Lakeside Build-to-Suit
732 Lakeside Drive
2
33
Nov.
2007
36693 Joy Spring Drive Lot 3
3741 Joy Springs Drive
2
34
Nov.
2007
36693 750 Lakeside
750 Lakeside
2
35
Nov.
2007
36693
1668 W I-65 Service Rd. S "D"
1981
1
18,500
$1.78
18,500
18,500
18,500
2
36
Nov.
2007
36693
1668 W I-65 Service Rd. S "C"
1981
1
16,800
$1.25
16,800
16,800
16,800
2
37
Nov.
2007
36693 Lakeside Warehouse
780 Lakeside Drive
2007
1
10,000
$9.00
10,000
NA
NA
2
38
Nov.
2007
36693 4345 Halls Mill Road W
4345 Halls Mill Rd W
2007
1
21,000
$7.50
21,000
NA
NA
2
39
Nov.
2007
36693 3713 Lakeside Court
3713 Lakeside Court
1
6,000
$7.50
6,000
NA
NA
1
40
sp/su
2007
36693
1668 W I-65 Service Rd. S
1981
1
16,800
$1.25
16,800
16,800
16,800
1
41
sp/su
2007
36693
1668 W I-65 Service Rd. S
1981
1
18,500
$1.78
18,500
18,500
18,500
2
42
Nov.
2007
36695 Cumberland Place
7695 Cottage Hill Road
2000
1
2,400
$12.00
2,400
1,200
2,400
2008
The McAleer Tunstall Company LLC
Michael McAleer - mikemarx@bellsouth.net
Grubb & Ellis
Scotty Wells, CCIM, CPM
Betbeze Realty Co., Inc.
Joseph G. (Joey) Betbeze, Jr. Property Management Group
Jeff Laufer
Saad & Vallas Realty Group, L.L.C.
Justin Smith - jsmith@saad.com
NAI Heggeman Realty Co., Inc.
Mitchum Jackson - mjackson@heggeman.com
Watson Realty Inc.
Michael Holland
Watson Rrealty Inc.
Ralph Neal
The Drummond Group
Todd Drummond
Prudential Cooper & Co., Inc. Commercial Division
Bob Cooper - bobcooper@prucooper.com
Prudential Cooper & Co., Inc. Commercial Division
Bob Cooper - bobcooper@prucooper.com
Watson Rrealty Inc.
Ralph Neal
The Drummond Group
Todd Drummond
Watson Realty Inc.
Ralph Neal
Prudential Cooper & Co., Inc. Commercial Division
Bob Cooper - bobcooper@prucooper.com
Prudential Cooper & Co., Inc. Commercial Division
Bob Cooper - bobcooper@prucooper.com
Prudential Cooper & Co., Inc. Commercial Division
Angela McArthur - angelamcarthur@prucooper.com
12/18
Baldwin
Source
ID #
Date
Month
Date
Year
Zip
Code
4
43
Dec
2007
30507 Gulf Packaging Building
111 S. Hoyle Street
1953
421 Oak Street
2006
1995
Building Name
Location
Yr Blt
Yr
Renv
Total
S.F.
Lease
S.F.
Avail
S.F.
Small
contigous
Lgst
contigous
75
98,817
$2.70
54,000
NA
NA
1
6,000
$5.00
6,000
3,000
6,000
79,000
$3.50
79,000
NA
NA
1
6,600
$8.18
6,600
2,200
10,000
1
10,000
$8.00
10,000
2,000
10,000
12,500
$5.50
2,400
NA
NA
$4.25
1,800
NA
NA
3,600
$1.50
3,600
1,200
1,700
2
9,320
$6.00
9,320
9,320
9,320
1
94,049
$4.50
94,049
NA
NA
No.
FL
Pkg
2
44
Nov
2007
6,000 SF Warehouse in
36507
Downtown, Bay Minette
4
45
Dec.
2007
36507 Former Citation Building
2440 S US Highway 31
2
46
Nov
2007
36526 Lions Gate
8449 Hwy 64
2
47
Nov
2007
36526 Daphne Office Warehouse
23566 Profit Drive
2007
1
48
sp/su
2007
36526 Colonial Plaza Business Park
1410 Highway 98
1997
1
49
sp/su
2007
36526 TK Office Park
1014 Stanton Rd
1996
1
50
sp/su
2007
36532 Cunningham Building
20730 Highway 27
1
51
sp/su
2007
36532 Taupeka Warehouse Building I 807 Nichols Street
2
52
Nov
2007
36535 Peavey Electronics Building
410 East Section Ave
2
53
Nov
2007
36535
413 Hwy 59
1980
1
12,000
$6.90
12,000
NA
NA
2
54
Nov
2007
36542 9281 Hard Drive
9281 Hard Dr
2005
1
15,000
$6.50
15,000
NA
NA
2
55
Nov
2007
36551 Alliance Warehousing, LLC
Hwy 59, & Cabinet Shop Road
2008
1
36,000
$4.50
36,000
9,000
36,000
2
56
Nov
2007
36551 Loxley Warehouse
25778 Highway 59
1960
1
5,545
$8.66
5,545
NA
NA
4
57
Dec
2007
36551 I-10 Mitchell Building #5
30427 County Road 49 North
2007
144,000
$4.50
144,000
NA
NA
U.S. Highway 98
329 S. Greeno Road
1973
12,500
$10.00
12,500
NA
NA
4
58
Dec.
2007
NA
Taupeka Building
1978
1
2006
10
Company / Agent / E-mail
J. Barrons, LLC - Commercial
Haran Hunter
J. L. O'Brien & Associates, Inc.
Jay O'Brien
Gleason Associates
Tommy Gleason
Fleetwood T. Lane Properties
Fleetwood Lane - ftlane@bellsouth.net
Blum Real Estate
Stephanie Herron - stephanieherron@worldnet.att.net
COLDWELL BANKER COMMERCIAL SUNCOAST
Cathy Taylor - cathy-taylor@msn.com
Taupeka & Co., Inc.
Mark Taupeka - mtaupeka@bellsouth.net
Grubbs & Ellis Property Solutions Worldwide
Debra Price
Cunningham, Foley & Barnes
Joe Everson
The Drummond Group
Todd Drummond
Cunningham, Foley & Barnes
John Foley
Praytor Properties, LLC
Tommy Prayton, CCIM
13/18
MARKET WATCH
Table 4.
2007 Spring/Summer Industrial Properties
Mobile and Baldwin
Advertised For Sale
Advertised Sales Price per S.F. by Zipcode
property
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
ID #
zipcode
advertised sales price
advertised bldg. s.f.
34
35
36
1
2
37
3
38
39
40
41
4
42
43
44
45
5
46
47
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
30507
36507
36507
36509
36509
36530
36532
36535
36535
36535
36542
36544
36551
36551
36567
36567
36571
36574
36578
36582
36582
36582
36582
36602
36606
36607
36607
36607
36607
36608
36608
36608
36610
36610
36612
36613
36615
36617
36618
36619
36693
36693
36693
36695
36695
36695
$3,140,000
$330,000
$300,000
$2,500,000
$800,000
$399,000
$2,600,000
$510,000
$890,000
$1,595,000
$850,000
$2,900,000
$750,000
$1,758,000
$480,000
$350,000
$385,000
$470,000
$595,000
$1,650,000
$725,000
$4,500,000
$3,000,000
$189,000
$398,000
$1,926,000
$300,000
$1,700,000
$225,000
$3,100,000
$450,000
$2,400,000
$500,000
$500,000
$435,000
$525,000
$625,000
$180,000
$80,000
$2,200,000
$733,000
$275,000
$1,450,000
$3,300,000
$600,000
$175,000
54,000
6,000
18,000
NA
NA
NA
12,500
12,500
12,000
40000
11000
124,936
5,545
NA
5,000
NA
19,250
6,637
5,700
36,670
25,600
107,520
NA
21,685
NA
42,000
5,600
68,221
NA
23,219
18,610
29,219
37,000
32,500
NA
15,160
23,400
7,200
NA
NA
14,660
6,000
21,000
71,000
2,400
6,300
33
NA
median
properties reporting
$299,000
20,000
$600,000
47
18,930
36
14/18
MARKET WATCH
Table 5.
2007 Spring/Summer Industrial Properties
Baldwin and Mobile
Advertised for Sale
Calculated Sales Price per S.F. by Zipcode
property
ID #
zipcode
sales price
site s.f.
bldg. s.f.
1
2
3
34
35
36
30507
36507
36507
$3,140,000
$330,000
$300,000
98,817
66,000
130,680
54,000
6,000
18,000
4
5
1
2
36509
36509
$2,500,000
$800,000
NA
NA
NA
NA
calculated sales price
per site s.f.
$31.78
$5.00
$2.30
calculated sales price
per bldg s.f.
$58.15
$55.00
$16.67
6
37
36530
$399,000
121,968
NA
$3.27
7
3
36532
$2,600,000
43,560
12,500
$59.69
$208.00
8
9
10
38
39
40
36535
36535
36535
$510,000
$890,000
$1,595,000
69,696
30,000
174,240
12,500
12,000
40,000
$7.32
$29.67
$9.15
$40.80
$74.17
$39.88
11
41
36542
$850,000
60,113
11,000
$14.14
$77.27
12
4
36544
$2,900,000
504,424
124,936
$5.75
$23.21
13
14
42
43
36551
36551
$750,000
$1,758,000
176,200
1,276,308
5,545
NA
$4.26
$1.38
$135.26
15
16
44
45
36567
36567
$480,000
$350,000
186,436
64,904
5,000
NA
$2.57
$5.39
$96.00
17
5
36571
$385,000
453,024
19,250
$0.85
$20.00
18
46
36574
$470,000
169,884
6,637
$2.77
$70.82
19
47
36578
$595,000
148,104
5,700
$4.02
$104.39
20
21
22
23
6
7
8
9
36582
36582
36582
36582
$1,650,000
$725,000
$4,500,000
$3,000,000
191,664
25,600
2,090,880
5,662,800
36,670
25,600
107,520
NA
$8.61
$28.32
$2.15
$0.53
$45.00
$28.32
$41.85
24
10
36602
$189,000
NA
21,685
25
11
36606
$398,000
226,542
NA
$1.76
26
27
28
29
12
13
14
15
36607
36607
36607
36607
$1,926,000
$300,000
$1,700,000
$225,000
283,140
37,500
130,680
230,868
42,000
5,600
68,221
NA
$6.80
$8.00
$13.01
$0.97
$45.86
$53.57
$24.92
30
31
32
16
17
18
36608
36608
36608
$3,100,000
$450,000
$2,400,000
217,800
43,560
130,680
23,219
18,610
29,219
$14.23
$10.33
$18.37
$133.51
$24.18
$82.14
33
34
19
20
36610
36610
$500,000
$500,000
435,600
435,600
37,000
32,500
$1.15
$1.15
$13.51
$15.38
35
21
36612
$435,000
1,241,460
NA
$0.35
36
22
36613
$525,000
45,000
15,160
$11.67
$34.63
37
23
36615
$625,000
60,984
23,400
$10.25
$26.71
38
24
36617
$180,000
NA
7,200
39
25
36618
$80,000
39,640
NA
40
26
36619
$2,200,000
1,884,406
NA
$1.17
41
42
43
27
28
29
36693
36693
36693
$733,000
$275,000
$1,450,000
42,800
6,000
130,680
14,660
6,000
21,000
$17.13
$45.83
$11.10
$50.00
$45.83
$69.05
44
45
46
47
30
31
32
36695
36695
36695
$3,300,000
$600,000
$175,000
217,800
NA
19,242
71,000
2,400
6,300
$15.15
33
NA
$299,000
NA
20,000
$46.48
$250.00
$27.78
$14.95
$600,000
47
130,680
41
18,930
36
median
properties reporting
median sales price
per bldg. s.f.
median sales price
per site s.f.
$8.72
$25.00
$2.02
$9.09
.
.
41
36
$45.41
$6.80
15/18
MARKET WATCH
Table 6.
2007 Spring / Summer Industrial Properties
Mobile and Baldwin
Masterfile of Industrial Properties Advertised for Sale
Mobile
Source ID #
Date
Period
Date
Year
Zip
Code
Bldg Name
Location
Space
Avail
Sales Price
Site S.F.
Bldg. S.F.
1
1
sp/su
2007
36509 Deep Sea Foods-Peeling Plant
14530 Shell Belt Road
NA
$2,500,000
NA
NA
1
2
sp/su
2007
36509 Craver Bulkhead Property
Shell Belt Road
NA
$800,000
NA
NA
4
3
Dec
2007
36532 Taupeka Building
329 S. Greeno Rd
12,500
$2,600,000
43,560
12,500
2
4
Nov
2007
36544 Padgett Switch
12045 Padgett Switch Road
124,936
$2,900,000
504,424
124,936
2
5
Nov
2007
36571 Saraland Office / Warehouse
202 Highway 43 South
19,250
$385,000
453,024
19,250
2
6
Nov
2007
36582 All Day All Night Storage
7131 Old Pascagoula Road
36,670
$1,650,000
191,664
36,670
4
7
Dec
2007
36582 7535 Theodore-Dawes Rd. Bldg.
7535 Theodore-Dawes Rd.
25,600
$725,000
25,600
25,600
4
8
Dec
2007
36582 Norden Paper
Hamilton Road
107,520
$4,500,000
2,090,880
107,520
1
9
sp/su
2007
36582 GAMXX Theodore Refinery
7300 Rangeline Rd
NA
$3,000,000
5,662,800
NA
2
10
Nov
2007
36602 State Dock Warehouse
61 Dekle Drive
21,685
$189,000
NA
21,685
1
11
sp/su
2007
36606
Halls Mills Rd.
NA
$398,000
226,542
NA
2
12
Nov
2007
36607 600 Fisher Street
600 Fisher Street
42,000
$1,926,000
283,140
42,000
2
13
Nov
2007
36607 568 Western Drive
568 Western Driver
37,500
$300,000
37,500
5,600
2
14
Nov
2007
36607 Sidney Phillips Warehouse Dist
85 Sidney Phillips Drive
68,221
$1,700,000
130,680
68,221
1
15
sp/su
2007
36607 Central Business Park
950 Corporate Drive South
NA
$225,000
230,868
NA
2
16
Nov
2007
36608 Airport Boulevard
7431 Airport Blvd
23,219
$3,100,000
217,800
23,219
2
17
Nov
2007
36608 Best Lil' Storehouse in Town
6515 Old Shell Road
18,610
$450,000
43,560
18,610
2
18
Nov
2007
36608 Airport Boulevard
7431 Airport Boulevard
29,219
$2,400,000
130,680
29,219
2
19
Nov
2007
36610 Braco
1165 Highway 45
37,000
$500,000
435,600
37,000
1
20
sp/su
2007
36610 Braco Industrial Park
Highway 45, 2 blks off I-65
32,500
$500,000
435,600
32,500
1
21
sp/su
2007
36612 Interstate-65 and St. Stephen's Road
Anton Street
NA
$435,000
1,241,460
NA
2
22
Nov
2007
36613 Anton Warehouse Manufacturing
3016 Anton Street
15,160
$525,000
45,000
15,160
2
23
Nov
2007
36615 Brookley Warehouse
1944 South Broad Street
23,400
$625,000
60,984
23,400
2
24
Nov
2007
36617 Beltline Park Drive North
3400 Beltline Park Drive N
7,200
$180,000
NA
7,200
1
25
sp/su
2007
36618 I-65 Service Road
I-65 North Service Road
NA
$80,000
39,640
NA
Halls Mill @
Riviere Du Chein
Company / Agent / E-mail
NAI Heggeman Realty Co., Inc.
Bernie Heggeman - bheggeman@heggeman.com
NAI Heggeman Realty Co., Inc.
Bernie Heggeman - bheggeman@heggeman.com
Ward Properties, Inc.
Rudolph Turner
Retail Management Group
Jay Roberds II
Marcus & Millichap
Sean Delaney
Prudential Cooper & Co., Inc. Commercial Division
Bob Cooper - bobcooper@prucooper.com
Grubb & Ellis
Debra Price
Metcalfe & Company, Inc.
Adam Metcalfe - adam@metcalfeco.com
Cummings & Associates, Inc.
Marl M. Cummings
White-Spunner and Associates, Inc.
Pat Taylor
Praytor Properties, LLC
Tommy Prayton, CCIM
Saad & Vallas Realty Group, LLC
Justin Smith - jsmith@saad.com
White-Spunner and Associates, Inc.
Pat Taylor
The Drummond Group - Todd Drummond
White-Spunner and Associates, Inc.
Pat Taylor
Delaney Development, Inc.
Terry McKinney
Delaney Development
Terry McKinney - terrym@delaneyinc.net
Metcalfe & Company, Inc.
Brian Metcalfe - brian@metcalfeco.com
Praytor Properties, LLC
Tommy Prayton, CCIM
Praytor Properties, LLC
Tommy Prayton, CCIM
White-Spunner and Associates, Inc.
Pat Taylor
Saad & Vallas Realty Group, LLC
John Vallas, Jr. - jvallas@saad.com
16/18
1
26
sp/su
2007
36619 SouthPort Industrial Estate
Hamilton Blvd
NA
$2,200,000
1,884,406
NA
2
27
Nov
2007
36693 750 Lakeside
750 Lakeside Drive
2,500
$733,000
42,800
14,660
2
28
Nov
2007
36693 Mark's Automotive Building
1550 W I-65 Service Road S
13,000
$275,000
6,000
6,000
2
29
Nov
2007
36693 4345 Halls Mill Rd W
4345 Halls Mill Road W
21,000
$1,450,000
130,680
21,000
2
30
Nov
2007
36695 Home Place Distribution Warehouse
850 Schillinger Road
71,000
$3,300,000
217,800
71,000
2
31
Nov
2007
36695 2488 Hillcrest Road
2488 Hillcrest Road
2,400
$600,000
NA
2,400
2
32
Nov
2007
36695 Godwin Court
3512 Godwin Court
19,242
$175,000
19,242
6,300
5
33
Dec
2007
8170 Joy Street
20,000
$299,000
NA
20,000
NA
Citronelle Warehoue
Peebles & Cameron, L.L.C.
John D. Peebles - jpeebles@peeblesandcameron.com
The Drummond Group
Todd Drummond
J. Barrons, LLC - Commercial
Haran Hunter
The Drummond Group
Todd Drummond
Watson Realty Inc
Ralph Neal
Leatherbury Real Estate
John Luce
White-Spunner and Associates, Inc.
Pat Taylor
17/18
Baldwin
Source ID #
Date
Period
Date
Year
Zip
Code
Bldg Name
Location
Space
Avail
Sales Price
Site S.F.
Bldg. S.F.
4
34
Dec
2007
30507 Gulf Packaging Building
111 S. Hoyle Street
54,000
$3,140,000
98,817
54,000
2
35
Nov
2007
36507 6,000 SF Warehouse
421 Oak Street
6,000
$330,000
66,000
6,000
5
36
Dec
2007
36507 Jima Building
501 Pearson Drive
18,000
$300,000
130,680
18,000
1
37
sp/su
2007
36530 10370 South Highway 95
10370 South Highway 95
NA
$399,000
121,968
NA
2
38
Nov
2007
36535 County Rd 65
12738 County Road 65
12,500
$510,000
69,696
12,500
2
39
Nov
2007
36535 Office / Warehouse
413 S. McKenzie St Hwy 59
12,000
$890,000
30,000
12,000
1
40
sp/su
2007
36535 Hadley Road Warehouse
30245 Hadley Road
40000
$1,595,000
174,240
40,000
1
41
sp/su
2007
36542 801 Commerce Drive
801 Commerce Drive
11000
$850,000
60,113
11,000
2
42
Nov
2007
36551 Loxley Warehouse
25778 Highway 59
176,200
$750,000
176,200
5,545
1
43
sp/su
2007
36551 I-10 Corridor Acreage
29750 Hwy 49
NA
$1,758,000
1,276,308
NA
2
44
Nov
2007
36567 17274 County Road 54
17274 County Road 54
5,000
$480,000
186,436
5,000
1
45
sp/su
2007
36567 Robertsdale Industrial Park
22840 McAuliffe Dr
NA
$350,000
64,904
NA
2
46
Nov
2007
36574 20358 Boggy Ln
20358 Boggy Ln
6,637
$470,000
169,884
6,637
2
47
Nov
2007
36578 Stapleton Warehouse / Acreage
34805 State Hwy 59
5,700
$595,000
148,104
5,700
Company - Agent
J. Barrons, LLC - Commercial
Haran Hunter
Cunningham Foley & Barnes
David Milstead - davidmilstead@cunninghamandfoley.com
Era Class.com
Troy Wilson
Cunningham, Foley & Barnes
Joe Everson
Saad & Vallas Realty Group, LLC
Tim Herrington - therrington@saad.com
Realty Executives Gulf Coast
Bonita York - Bonita@gulftel.com
Praytor Properties, LLC
Tommy Prayton, CCIM
Coldwell Banker Reehl Prop. Comm. Div.
Jacqueline Dyer - jacqueline.dyer@coldwellbanker.com
Cummings & Associates, Inc.
Marl M. Cummings
NAI Heggeman Realty Co., Inc.
Mitchum Jackson - mjackson@heggeman.com
Beck Property Company Inc.
Ronnie Faggioni
Joe Steen Real Estate & Development, Inc.
18/18