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    Pete Riehm, Mobile, AL

    License ID: AL 000090093
    Nai Mobile Llc
    Association
    Mobile Area Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (251) 442-4349
    Office Address:
    56 Saint Emanuel St, Mobile, AL, 36602

    Performance

    Listings
    40

    Listings

    For Sale (28)

    View map
    • Contact for pricing
      0.40 Acres

      I-10 Commercial Land, Mobile, AL

      Seven lots, I-10 visibility, industrial zoned.
      5578 Sermon Rd, Mobile, AL 36582
      View Details
    • Contact for pricing
      10.24 Acres

      10.24 Acres Theodore, AL Land

      Prime Commercial Land - I-10 Access
      5991 Old Pascagoula Rd, Theodore, AL 36619
      View Details
    • $400,000
      16.00 Acres

      16 Acres Grand Bay Industrial Land

      Prime industrial land near I-10. Excellent development opportunity.
      0 Creel Rd, Grand Bay, AL 36541
      View Details
    • $3,650,000
      20,000 SF

      Prime Theodore Warehouse - 20,000 SF

      Spacious warehouse, 5.5 acres, ideal for distribution.
      9361 Lundy Ln, Theodore, AL 36582
      View Details
    • $199,000
      0.70 Acres

      Mobile Industrial Land - $199,000

      0.7-acre I-1 zoned lot, excellent visibility.
      3416 Beltline Park Dr, Mobile, AL 36617
      View Details
    • $8,900,000
      117,500 SF

      Theodore Industrial Portfolio

      88 Acres, 117,500 SF, Vacant
      4405 Dawes Rd, Theodore, AL 36582
      View Details
    • Contact for pricing
      3.00 Acres

      I-10 Commercial Land - Alabama

      Prime I-10 frontage, large acreage, ideal for development.
      10 Service Rd, Irvington, AL 36544
      View Details
    • $1,750,000
      6.30 Acres

      Theodore Industrial Land - 6.3 Acres

      Prime Industrial Land Near I-10
      7150 Theodore Dawes Rd, Theodore, AL 36582
      View Details
    • Contact for pricing
      2.30 Acres

      Plantation Road Industrial Land

      Prime Theodore, AL industrial lots.
      5460 Plantation Rd, Theodore, AL 36582
      View Details
    • $3,550,000
      20,000 SF

      20,000 SF Warehouse with Yard

      20,000 SF warehouse with 5.5 AC fenced yard.
      9466 Bellingrath Rd, Theodore, AL
      View Details
    • $1,139,094

      46 AC Commercial Land Available

      46 acres of commercial land suitable for various uses.
      5680 Commerce Blvd, Mobile, AL 36619
      View Details
    • $1,250,000

      Office/Warehouse with Large Yard

      11,407 SF office/warehouse on 2.3 acres near I-10.
      5975 Rangeline Rd, Theodore, AL 36619
      View Details
    • $1,450,000

      Theodore Warehouse with Covered Dock

      17,400± SF industrial property with credit tenant in place.
      5365 Willis Rd, Theodore, AL
      View Details
    • Contact for pricing

      Industrial Lots Near I-10

      Industrial zoned lots with utilities available near I-10.
      5578 Sermon Rd, Theodore, AL
      View Details
    • $259,900
      3,280 SF

      Saraland Warehouse with Office Space

      Warehouse with office, shed, and yard in Saraland, Alabama.
      23 Station St, Saraland, AL 36571
      View Details
    • $220,000

      Metal Building on Large Parcel

      1,700 SF metal building on 3.43 AC parcel.
      3221 Halls Mill Rd, Mobile, AL 36606
      View Details
    • $220,000

      Industrial Land Parcels Available

      Industrial land parcels for sale in Mobile, Alabama.
      4175 Halls Mill Rd, Mobile, AL 36693
      View Details
    • $900,000

      Office/Warehouse with Lay Down Yard

      7,500 SF office/warehouse with fenced lay down yard.
      5705 Rabbit Crk Dr, Theodore, AL
      View Details
    • $189,000

      Development Site with I-65 Frontage

      0.7 AC improved lot with utilities and I-65 visibility.
      3416 N Beltline Park Dr, Mobile, AL 36617
      View Details
    • $3,400,000

      9 AC Industrial Outdoor Storage

      9 AC industrial outdoor storage lot, convenient location near I-10.
      5943 Old Pascagoula Rd, Mobile, AL 36619
      View Details
    • $79,000

      Industrial Lot Near I-10

      0.46 AC lot zoned for light industrial use.
      5817 Industrial Pkwy, Theodore, AL 36613
      View Details
    • $235,000

      2.55 AC Unzoned Land Parcel

      2.55 AC unzoned land with frontage on Hamilton Blvd.
      3460 Hamilton Blvd, Theodore, AL 36605
      View Details
    • $250,000
      1,500 SF

      Office Building with Shop and Land

      Office building with shop, large lot, and highway frontage.
      3911 Moffett Rd, Mobile, AL 36618
      View Details
    • $1,750,000

      6.3 AC Cleared Land

      Cleared, level land with highway access and high visibility.
      7150 Theodore Dawes Rd, Theodore, AL
      View Details
    • $397,500

      2.05 AC Industrial Land

      2.05 AC lot with frontage on I-65 Service Rd.
      3413 S Beltline Park Dr N, Mobile, AL 36617
      View Details
    • Contact for pricing

      82 AC Commercial Land Available

      82 acres of unzoned land with I-10 frontage.
      Iservice Rd, Irvington, AL
      View Details
    • $250,000

      Industrial Land Parcels Available

      Two industrial land parcels available for sale, convenient location.
      Halls Mill Rd, Mobile, AL 36606
      View Details
    • Contact for pricing

      Industrial Lots Available for Sale

      Cleared, flat industrial lots with utilities for sale.
      5460 Plantation Rd, Theodore, AL
      View Details

    For Lease (12)

    View map
    • $5 SF/Yr
      750,000 SF

      Highway 31 Industrial Campus

      750,000 SF Multi-Use Industrial Space
      801 Us Highway 31, Bay Minette, AL 36507
      View Details
    • $1.10 SF/Yr

      I-10 Truck Yard - 11.5 Acres

      Prime Mobile County industrial land for lease.
      5580 Middle Rd, Theodore, AL 36582
      View Details
    • Contact for pricing
      1 SF

      10-Acre Commercial Land in Theodore, AL

      Prime Theodore land, 10.24 acres, single tenant.
      5991 Old Pascagoula Rd, Theodore, AL 36619
      View Details
    • Contact for pricing
      1 SF

      Mobile County Industrial Land

      4.1-acre commercial lot for lease.
      5527 Todd Acres Dr, Mobile, AL 36619
      View Details
    • $10,500 /Mo
      8,648 SF

      Mobile Warehouse with Covered Dock

      8,648 SF warehouse with covered cross dock near port.
      1111 Virginia St, Mobile, AL 36604
      View Details
    • $24 SF/Yr
      4,072 SF

      Downtown Office Space For Lease

      Ground floor office space in the heart of Mobile, AL.
      3 Dauphin St, Mobile, AL 36602
      View Details
    • $8 SF/Yr
      926 SF

      Retail Space on Schillinger Road

      926 SF retail space with pylon signage and parking.
      1300 Schillinger Rd S, Mobile, AL 36695
      View Details
    • $12 SF/Yr
      25,000 SF

      Industrial Warehouse/Office Space Available

      Up to 25,000 SF industrial warehouse/office space for lease.
      5672 W Commerce Blvd, Mobile, AL 36619
      View Details
    • $10 SF/Yr
      8,000 SF

      Mobile Warehouse with Paved Yard

      8,000 SF warehouse with convenient access to major routes.
      3750 Halls Mill Rd, Mobile, AL 36693
      View Details
    • $6,200 /Mo
      4,046 SF

      Standalone Office Building Near Downtown

      4,046 SF office building near downtown Mobile, Alabama.
      920 Dauphin St, Mobile, AL 36604
      View Details
    • $23 SF/Yr
      9,400 SF

      Downtown Mobile Office Building

      9,400 SF office building in downtown Mobile for rent.
      68 St Francis St, Mobile, AL
      View Details
    • $9,500 /Mo

      Industrial Laydown Yard Near Port

      2-acre industrial laydown yard near the Port of Mobile.
      200 Telegraph Rd, Prichard, AL
      View Details

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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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