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    For Sale (32)

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    Commercial Lot Near I-65
    $650,000
    2.27 Acres

    Commercial Lot Near I-65

    Cleared, level commercial land near I-65 in Creola, Alabama.

    Highway 43, Creola, AL 36525
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    Partially Wooded Land in Mobile
    $205,000
    5.05 Acres

    Partially Wooded Land in Mobile

    5 acre lot in West Mobile, ready for your dream home.

    4370 Grand Bay-Wilmer Rd S, Mobile, AL 36695
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    Commercial Land in High-Traffic Area
    $400,000
    0.13 Acres

    Commercial Land in High-Traffic Area

    Prime commercial opportunity with B3 zoning in a desirable location.

    420 Dauphin Island Pkwy, Mobile, AL 36606
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    Iconic Downtown Event Space
    $6,900,000
    58,000 SF

    Iconic Downtown Event Space

    Historic 5-story building in downtown Mobile, ideal for events.

    351 St, Mobile, AL 36602
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    Retail/Warehouse Building with Ample Parking
    $699,000
    6,119 SF

    Retail/Warehouse Building with Ample Parking

    Leased retail/warehouse building with drive-in door and ample parking.

    3920 Cottage Hill Rd, Mobile, AL 36609
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    Residential Land in Established Subdivision
    $42,900

    Residential Land in Established Subdivision

    Level lot ready to build in a quiet, established subdivision.

    740 Abbey Way, Mobile, AL 36695
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    Commercial Land on Rangeline Road
    $230,000
    1.02 Acres

    Commercial Land on Rangeline Road

    Level 1.03 acre commercial land with road frontage.

    Rangeline Rd, Theodore, AL 36582
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    Updated Commercial Office Building
    $499,000
    2,208 SF

    Updated Commercial Office Building

    Versatile commercial office space in Midtown Mobile.

    1962 Spring Hill Ave, Mobile, AL 36607
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    Waterfront Land in Mobile, AL
    $399,000
    17.60 Acres

    Waterfront Land in Mobile, AL

    17-acre waterfront property with building potential in Mobile, Alabama.

    4620 Dauphin Island Pkwy, Mobile, AL 36605
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    Corner Lot in Mobile, AL
    $42,500

    Corner Lot in Mobile, AL

    Corner lot in a quiet, established subdivision in Mobile.

    741 Abbey Way, Mobile, AL 36695
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    Residential Lot in Quiet Neighborhood
    $35,000

    Residential Lot in Quiet Neighborhood

    Residential level lot in Mobile, Alabama.

    758 Abbey Way, Mobile, AL 36695
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    Hillcrest Road Commercial Opportunity
    $900,000
    6,540 SF

    Hillcrest Road Commercial Opportunity

    Commercial property on Hillcrest Road suitable for business or medical offices.

    1565 Hillcrest Rd, Mobile, AL 36695
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    Residential Lot with Golf View
    $75,000
    0.37 Acres

    Residential Lot with Golf View

    Level lot in golf community, ideal for new home.

    St Andrews Dr E, Mobile, AL 36693
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    Zeigler Schillinger Retail/Office Opportunity
    $699,000
    10,343 SF

    Zeigler Schillinger Retail/Office Opportunity

    Retail or office space on Zeigler and Schillinger Roads.

    790 Schillinger Rd N, Mobile, AL 36608
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    Office Building Near I-65
    $441,500
    2,597 SF

    Office Building Near I-65

    Office building with conference room, kitchen, and private parking.

    3511 Montlimar Plaza Dr, Mobile, AL 36609
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    Daphne Land For Sale
    $2,200,000

    Daphne Land For Sale

    Residential and commercial land for sale in Daphne, Alabama.

    Johnson Rd, Daphne, AL 36526
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    Commercial Land on Highway 90
    $74,000
    0.68 Acres

    Commercial Land on Highway 90

    Undeveloped 0.68 acre commercial land with highway frontage.

    Highway 90, Theodore, AL 36582
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    Prime Commercial Land on Highway
    $225,000
    1.86 Acres

    Prime Commercial Land on Highway

    High-visibility commercial land with road frontage near state docks.

    Wintzell Ave, Bayou La Batre, AL 36509
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    Retail Center on Red Light Corner
    $1,465,000
    27,000 SF

    Retail Center on Red Light Corner

    Strip center with anchor tenant and small shops for sale.

    2912 Dauphin Island Pkwy, Mobile, AL 36605
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    Riverfront Residential Lots in Mobile, AL
    $550,000
    1.55 Acres

    Riverfront Residential Lots in Mobile, AL

    1.55 acre residential lot with river views.

    River Forest Dr, Mobile, AL 36605
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    Waterfront Land on Dog River
    $550,000
    1.55 Acres

    Waterfront Land on Dog River

    1.5+ acre waterfront homesite with building options and river views.

    River Forest Dr, Mobile, AL 36605
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    Land at Hillcrest Road Intersection
    $275,000
    0.87 Acres

    Land at Hillcrest Road Intersection

    Commercial land with frontage on Hillcrest Road in Mobile, AL.

    59 Hillcrest Rd, Mobile, AL 36608
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    Warehouse with Drive-In Access
    $699,000
    6,119 SF

    Warehouse with Drive-In Access

    Leased warehouse with drive-in access and ample parking.

    3920 Cottage Hill Rd, Mobile, AL 36609
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    Retail Strip Center For Sale
    $1,465,000

    Retail Strip Center For Sale

    Retail strip center with anchor tenant and pharmacy.

    2912 Dauphin Island Pkwy, Mobile, AL 36605
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    Zeigler & Schillinger Corner Lot
    $699,000
    10,343 SF

    Zeigler & Schillinger Corner Lot

    Corner lot suitable for office or retail development.

    790 Schillinger Rd N, Mobile, AL 36608
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    Industrial Land on Industrial Road
    $110,000

    Industrial Land on Industrial Road

    Vacant industrial land with office building and weight scale.

    4125 Industrial Rd, Jackson, AL 36545
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    Iconic Church Campus For Sale
    $28,500,000

    Iconic Church Campus For Sale

    High-profile 19.3-acre campus suitable for institutional or redevelopment use.

    3661 Dauphin St, Mobile, AL 36608
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    Professional Office Building For Sale
    $441,500

    Professional Office Building For Sale

    Office building with conference room, kitchen, and private parking.

    3511 Montlimar Plaza Dr, Mobile, AL 36609
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    Downtown Prichard Commercial Property
    $225,000

    Downtown Prichard Commercial Property

    Commercial property with open floorplan and gated yard.

    403 Wilson Ave S, Mobile, AL 36610
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    Commercial Lot in Established Park
    $75,000

    Commercial Lot in Established Park

    Commercial lot for sale in established commercial park.

    713 Oak Circle Dr E, Mobile, AL 36609
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    Prime Commercial Lots in The Loop
    $375,000

    Prime Commercial Lots in The Loop

    Exceptional opportunity in high-traffic area with B3 zoning.

    420 Dauphin Island Pkwy, Mobile, AL 36606
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    Commercial Land on Busy Corner
    $80,000

    Commercial Land on Busy Corner

    Undeveloped 0.68-acre commercial land with highway frontage.

    90 1St Ave, Theodore, AL 36582
    View details

    For Lease (5)

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    Mobile Commercial Space For Rent
    $3,900 / Mo
    28,035 SF

    Mobile Commercial Space For Rent

    Commercial space with easy access, gated yard, and ample parking.

    3151 Midtown Park S, Mobile, AL 36606
    View details
    Hillcrest Road Commercial Office Space
    $7,875 / Mo
    37,610 SF

    Hillcrest Road Commercial Office Space

    Commercial building suitable for business or medical office use.

    1565 Hillcrest Rd, Mobile, AL 36695
    View details
    Office Suites with Water Access
    $425 / Mo
    4,147 SF

    Office Suites with Water Access

    Individual office suites available, some with private restrooms and water.

    5300 Overlook Rd, Mobile, AL 36618
    View details
    Cleared Land on Corner Lot
    $1,260 / Mo
    98,446 SF

    Cleared Land on Corner Lot

    2.26 acres of cleared land for lease.

    Tanner Williams Rd, Mobile, AL 36608
    View details
    Commercial Space on Hillcrest Road
    $7,875 / Mo

    Commercial Space on Hillcrest Road

    Commercial space available for rent on Hillcrest Road.

    1565 Hillcrest Rd, Mobile, AL 36695
    View details

    Leases and Sales on Map

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    Request Owner's contact information
    Roberts Brothers, Inc.
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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
    Roberts Brothers, Inc.
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