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    Adam J. Metcalfe, Mobile, AL

    License ID: AL 000024789
    Metcalfe & Co
    Association
    Pensacola Association Of Realtors Inc

    Service Locations

    Alabama

    Ohio

    Contact details

    Phone:
    (251) 610-0069
    Office Address:
    Po Box 2903, Mobile, AL, 36652-2903

    Performance

    Listings
    20

    Listings

    For Sale (16)

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    • $2,070,000
      54,162 SF

      Opp, AL Warehouse - $2.07M

      Modern warehouse, 54,162 SF, 6.37 acres.
      18361 Galileo Dr, Opp, AL 36467
      View Details
    • $125,000

      Mobile Residential Land Investment

      Prime Mobile, AL Residential Lot - $125K
      4403 Government St, Mobile, AL 36606
      View Details
    • Contact for pricing
      2.27 Acres

      Dublin Commercial Land Opportunity

      2.27 Acres, B-2 Zoning, Prime Location
      0 University Blvd, Dublin, OH 43016
      View Details
    • Contact for pricing
      2.27 Acres

      Mobile Commercial Land Opportunity

      2.27 Acres, B-2 Zoning, Multiple Lots
      0 University Blvd, Mobile, AL 36571
      View Details
    • $225,000
      2.50 Acres

      Mobile Industrial Land - $225K

      Prime 2.5-acre lot, I-1 zoning.
      1808 Service Road, Mobile, AL 36617
      View Details
    • $2,520,000
      56,593 SF

      Opp, AL Industrial/Office Complex

      Prime 56,593 SF building, 22.9 acres. Excellent investment.
      200 Hattaway Rd, Opp, AL 36467
      View Details
    • Contact for pricing
      1.50 Acres

      Mobile Commercial Land Investment Opportunity

      Prime Mobile, AL land for sale or lease.
      0 Cottage Hl Rd @ University Blvd, Mobile, AL 36609
      View Details
    • $42,500

      Dauphin Square Commercial Lot

      Mobile, AL vacant lot - $42,500
      3008 Dauphin Sq Connector, Mobile, AL 36607
      View Details
    • $595,000

      Grand Bay Commercial Land - I-10 Access

      Prime Commercial Land, 37,897 sq ft
      0 Grand Bay Wilmer Rd, Grand Bay, AL 36541
      View Details
    • Contact for pricing
      2.41 Acres

      West Bellingrath Commercial Land

      Prime Theodore, AL commercial lots. Various sizes available.
      0 Bellingrath Rd & Half Mile Rd, Theodore, AL 36582
      View Details
    • $415,000

      Land Available on US Highway

      Land for sale at 5789 US Highway 90, Theodore, AL.
      5789 Us Hwy, Theodore, AL
      View Details
    • $2,070,000

      Industrial Warehouse with High Capacity Power

      Warehouse with high bay LED lighting, fenced yard, electric gate.
      18361 Galileo Dr, Opp, AL
      View Details
    • $549,000
      1 SF

      Vacant Church Building on Parkway

      Vacant church building on 1.4 square feet lot.
      1400 Dauphin Island Pkwy, Mobile, AL 36605
      View Details
    • $450,000

      Mobile Industrial Land For Sale

      Industrial land available in Mobile, Alabama.
      1868 N Beltline Hwy, Mobile, AL
      View Details
    • $2,520,000

      Industrial Property with Crane Access

      Industrial property featuring cranes, loading docks, and ample parking.
      200 Hattaway Rd, Opp, AL 36467
      View Details
    • $42,500
      8,400 SF

      Land Available in Mobile, AL

      Land for sale at Dauphin Square Connector, Mobile, AL.
      3008 Dauphin Sq Connector, Mobile, AL 36607
      View Details

    For Lease (4)

    View map
    • $6 SF/Yr
      41,700 SF

      Mobile Warehouse - 41,700 SF

      Modern industrial warehouse, Mobile, AL.
      1854 Service Road, Mobile, AL 36617
      View Details
    • $19 SF/Yr
      3,971 SF

      Azalea Place Medical Office Building

      Single-tenant medical office, prime location.
      1207 Azalea Pl, Brewton, AL 36426
      View Details
    • $15 SF/Yr
      42,695 SF

      Gateway Center West: Mobile Flex Space

      Mobile Flex Space: 42,695 SF, 3,345 SF Available
      1201 Montlimar Dr, Mobile, AL 36609
      View Details
    • $17 SF/Yr
      80,000 SF

      Prestigious Mobile Executive Suites

      8,334 SF Office Space Available in Mobile, AL
      2800 Dauphin St, Mobile, AL 36606
      View Details

    Leases and Sales on Map

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    Adam J. Metcalfe, Mobile, AL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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