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    Prime Land in West Mobile Title is generated by Realmo AI

    7203 Howells Ferry Road, Mobile, AL 36618

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    Claim this Listing
    For Sale
    $525,000

    LAND - Mobile, AL

    Lot size:
    17.23 Acres
    Added:
    May 18, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 2 at 7:06 am

    Property Features for 7203 Howells Ferry Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    2803071000042
    Lot size
    17.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1200

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Leslie Davis
    Leslie Davis

    Listing agent Leslie Davis License #72650

    Listing office Keller Williams Mobile Mobile, AL

    Listing date May 18, 2026

    MLS# 7771697 Listing URL

    Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 17+ acre tract with over 650 feet of road frontage on Howells Ferry Road.
    • Excellent development potential for residential, mobile home, or tiny home development (R1 zoning).
    • Strategic location between three major thoroughfares (Moffett Road, Schillinger Road, and Cody Road North) in West Mobile.
    • Potential for rezoning to accommodate a wider range of uses due to road frontage and location.
    • Located in a growing area with major employers (Frito‑Lay, Austal, Aerostar) expanding and the Port of Mobile experiencing rapid growth.
    • Includes two parcels (479226 and 479217) offering flexibility in development planning.

    Overview

    This 17.23-acre property is located in West Mobile and offers over 650 feet of road frontage. Zoned R1 Single Family, it is suitable for a new residential development, Mobile Home Development, or Tiny Homes. The acreage could potentially support approximately 25 to 50+ single-family lots, depending on development plans and county approvals. The property's location makes it appealing for cooperative business ventures or investment opportunities. Mobile is experiencing economic growth, supported by one of the nation's fastest-growing ports and the South Alabama Logistics Park. Major employers such as Frito-Lay, Austal, and Aerostar are expanding throughout 2024 and 2025. The listing includes two parcels with key numbers 479226 and 479217. Howells Ferry Road connects between Moffett Road, Schillinger Road, and Cody Road North, with historical traffic counts of approximately 7,300 to 7,500 vehicles per day. The surrounding area includes older residential neighborhoods and scattered churches to the west, with larger lots, undeveloped tracts, and semi-rural acreage to the east near Cody Road. It is a county-maintained road with rural arterial standards and no curb or gutter. The Mobile County Public Works Headquarters is located at 7511 Howells Ferry Road, just one block east of the subject property. The property has been annexed into the city limits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.210052
    Latitude
    30.716193

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    FAQs

    What type of property is this?
    Residential land & home lot - 17+ acres with road frontage, ideal for residential development.
    Where is this residential land & home lot located?
    The property is located at 7203 Howells Ferry Road Mobile, AL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime 17+ acre tract with **over 650 feet of road frontage on Howells Ferry Road.**; Excellent development potential for residential, mobile home, or tiny home development (R1 zoning).; Strategic location between three major thoroughfares (Moffett Road, Schillinger Road, and Cody Road North) in West Mobile.
    (251) 232-9999
    We can help!
    Listing Contact
    Leslie Davis
    Leslie Davis
    Real Estate License ID: 72650
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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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