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    For Sale (32)

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    Residential Lot in Creekwood Place
    Contact for pricing
    0.39 Acres

    Residential Lot in Creekwood Place

    Residential lot in established neighborhood, close to amenities and schools.

    Creekwood Place Dr, Mobile, AL 36695
    View details
    Six-Unit Multifamily Investment Opportunity
    $900,000
    0.35 Acres

    Six-Unit Multifamily Investment Opportunity

    Six-unit multifamily property with expansion potential in a desirable location.

    8758 Tanner Williams Rd, Mobile, AL 36608
    View details
    Waterfront Lot with Boat Access
    $339,500
    1.50 Acres

    Waterfront Lot with Boat Access

    Cleared waterfront lot with boat house, dock, and ramp.

    Gulf Park Dr, Theodore, AL 36582
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    Semmes, AL - 1+ Acre Lot
    Contact for pricing
    1.14 Acres

    Semmes, AL - 1+ Acre Lot

    1+ acre lot in Semmes, AL, ready for building.

    9719 Box Rd, Semmes, AL 36575
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    7.3 Acres on Cody Road
    $985,000
    7.36 Acres

    7.3 Acres on Cody Road

    7.3-acre parcel with road frontage, near hospitals and shopping.

    Cody Rd, Mobile, AL 36695
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    Commercial Land on Three Notch
    $425,000
    4.91 Acres

    Commercial Land on Three Notch

    4.91 acre commercial land with road frontage.

    7365 Three Notch Rd, Mobile, AL 36619
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    Six Buildable Lots in Mobile
    $150,000

    Six Buildable Lots in Mobile

    Six adjoining lots in a desirable, established neighborhood.

    Downey Dr, Mobile, AL 36619
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    Commercial Land on Four-Lane Highway
    $249,000
    2.67 Acres

    Commercial Land on Four-Lane Highway

    2.67 acre commercial land with high visibility in Mobile.

    7551 Three Notch Rd, Mobile, AL 36619
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    Updated Office Building For Sale
    $875,000
    6,300 SF

    Updated Office Building For Sale

    6300 SF office building with updates and flexible occupancy.

    1142 Montlimar Dr, Mobile, AL 36609
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    Cleared Land in Semmes, Alabama
    $155,000
    2.46 Acres

    Cleared Land in Semmes, Alabama

    Cleared 2.4 acre lot with utilities in Semmes, AL.

    2543 Firetower Rd, Semmes, AL 36575
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    Mobile, AL Building Lot
    $85,000

    Mobile, AL Building Lot

    Level, clear lot with bay view, convenient location.

    Hannon Rd, Mobile, AL 36605
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    Malcolm Flex Space Opportunity Zone
    $1,600,000
    12,000 SF

    Malcolm Flex Space Opportunity Zone

    12,000 SF building on 29.42 acres in Opportunity Zone.

    4301 Hwy 43, Malcolm, AL 36556
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    Commercial Land in Mobile, AL
    $149,900
    12.00 Acres

    Commercial Land in Mobile, AL

    11.8 acres of B-1 zoned land available for sale.

    Girby Rd, Mobile, AL 36693
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    Vacant Wooded Lot For Sale
    Contact for pricing
    0.35 Acres

    Vacant Wooded Lot For Sale

    Vacant 0.3522 acre wooded lot suitable for home construction.

    4226 Volta Dr, Mobile, AL 36619
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    Land on Cottage Hill Road
    $650,000
    2.25 Acres

    Land on Cottage Hill Road

    2.25-acre commercial land with road frontage in Mobile, Alabama.

    5654 Cottage Hill Rd, Mobile, AL 36609
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    Secluded Land in Citronelle, AL
    Contact for pricing
    3.90 Acres

    Secluded Land in Citronelle, AL

    Almost 4 acres of secluded land for sale.

    Pinecrest Cemetery Rd, Citronelle, AL 36522
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    Updated Office Complex in Mobile
    $725,000
    7,500 SF

    Updated Office Complex in Mobile

    Income-producing office complex in desirable West Mobile commercial corridor.

    1100 Hillcrest Rd, Mobile, AL 36695
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    Land Near B.C. Rain School
    $98,000
    1.20 Acres

    Land Near B.C. Rain School

    1.2-acre lot near the new airport in Mobile, Alabama.

    3035 Dauphin Island Pkwy, Mobile, AL 36605
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    Residential Lots in Quiet Area
    $36,000
    1.42 Acres

    Residential Lots in Quiet Area

    Large lot suitable for residential development in Mobile, Alabama.

    Riverside Dr, Mobile, AL 36605
    View details
    Citronelle Land with Development Potential
    Contact for pricing
    1.21 Acres

    Citronelle Land with Development Potential

    Unrestricted land parcel suitable for development in Citronelle, Alabama.

    Frazier Cemetery Rd, Citronelle, AL 36522
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    Residential Land in Seleste Place
    $35,042
    0.68 Acres

    Residential Land in Seleste Place

    Double lot ready for construction in established Mobile neighborhood.

    Seleste Dr, Mobile, AL 36618
    View details
    Waterfront Land with Boat Slip
    $149,000
    0.36 Acres

    Waterfront Land with Boat Slip

    Waterfront lot with boat slip and bayou views.

    10775 Jim Busby Rd N, Theodore, AL 36582
    View details
    LAND - Citronelle, AL
    Contact for pricing
    0.28 Acres

    LAND - Citronelle, AL

    Residential land & home lots • 0.28 Acres

    Mobile St, Citronelle, AL 36522
    View details
    Mobile Office Complex: Two Buildings
    $850,000
    7,390 SF

    Mobile Office Complex: Two Buildings

    Class A Office Space - Sale or Lease

    709 Azalea Rd, Mobile, AL 36609
    View details
    Malcolm Flex Space and Land
    $1,600,000
    12,000 SF

    Malcolm Flex Space and Land

    Flex space building and land in Qualified Opportunity Zone.

    4301 Us Hwy 43, Malcolm, AL
    View details
    Land in West Mobile Location
    $149,000

    Land in West Mobile Location

    Two lots with direct access to Cottage Hill Road.

    Cottage Hill Rd, Mobile, AL 36606
    View details
    Updated Office Building For Sale
    $875,000

    Updated Office Building For Sale

    6300 SF office building with recent updates and ample parking.

    1142 Montlimar Dr, Mobile, AL 36609
    View details
    Waterfront Land with Boat Slip
    $149,000

    Waterfront Land with Boat Slip

    Waterfront land with 73 feet of frontage and boat slip.

    10775 Jim Busby Rd N, Theodore, AL 36582
    View details
    Cottage Hill Road Commercial Land
    $850,000

    Cottage Hill Road Commercial Land

    Two-acre commercial land with road frontage on Cottage Hill.

    5654 Cottage Hill Rd, Mobile, AL 36609
    View details
    Commercial Land with Highway Frontage
    $249,000

    Commercial Land with Highway Frontage

    Commercial land with high visibility on a four-lane highway.

    7551 Three Notch Rd, Mobile, AL 36619
    View details
    Class A Office Investment Opportunity
    $725,000

    Class A Office Investment Opportunity

    Updated office complex in West Mobile's desirable commercial corridor.

    1100 Hillcrest Rd, Mobile, AL 36695
    View details
    Six-Unit Multifamily Investment Opportunity
    $900,000

    Six-Unit Multifamily Investment Opportunity

    Investment property with six units and expansion potential.

    8758 Tanner Williams Rd, Mobile, AL 36608
    View details

    For Lease (3)

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    Retail Space in Mobile, AL
    $4,500 / Mo
    25,369 SF

    Retail Space in Mobile, AL

    Retail space suitable for various businesses, with additional parking.

    75 Schillinger Rd N, Mobile, AL 36608
    View details
    Modern Office and Warehouse Space
    $6,000 / Mo
    40,946 SF

    Modern Office and Warehouse Space

    Versatile Theodore, Alabama office and warehouse space for rent.

    5578 Sermon Rd W, Theodore, AL 36582
    View details
    Office/Warehouse with I-10 Access
    $9,800 / Mo
    39,853 SF

    Office/Warehouse with I-10 Access

    Stand-alone office/warehouse with fenced yard and convenient highway access.

    5425 Business Park Way, Mobile, AL 36582
    View details

    Leases and Sales on Map

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    • For Lease

    Properties for sale

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    Request Owner's contact information
    Berkshire Hathaway HomeServices Cooper & Co. Inc., REALTORS
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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.

    More about this property
    Berkshire Hathaway HomeServices Cooper & Co. Inc., REALTORS
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