Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15440 Dauphin Island Pkwy Coden, AL 36523

    View on Map
    Picture of Other land at 15440 Dauphin Island Pkwy, Coden, AL
    For Sale
    $92,500

    5+ Acre Corner Lot For Sale

    Property size:
    219,573 SF
    Lot size:
    5.04 Acres
    Price / SF:
    $0.42/SF
    Added:
    Feb 18, 2025
    Days on Market:
    437
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 15440 Dauphin Island Pkwy

    General Information

    Standard status
    Active
    Property type
    Other land, Commercial land, Residential land & home lots, Land
    Size
    219,573 SF
    Elevators
    N/A
    Lot size
    5.04 Acres

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul License #FL BK3105171

    Listing office Salter Company

    Listing date Feb 18, 2025

    Overview

    Coden Corner Lot Opportunity

    This 5.04-acre corner lot in Coden, Alabama, presents a development opportunity with access to Bay Palms RV Resort, Dauphin Island, Bayou La Batre, and Mobile. The property is located at 15440 Dauphin Island Parkway. Its corner location offers visibility and potential for commercial or residential developments. The lot size provides space for projects, catering to development needs. The property is situated in Mobile County, Alabama.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Food Market Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coden
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1801
    Latitude
    30.4032

    Nearby Similar for Sale

    • $349,900

      Waterfront Land in Coden, AL

      Bayfront property in Coden, ready for custom home.
      Dauphin Island Parkway, Coden, AL 36523
      View Details
    • $550,000

      Waterfront Land on Mobile Bay

      3.74 acres with 150' bulkheaded waterfront on Mobile Bay.
      13555 Dauphin Island Parkway, Coden, AL 36523
      View Details
    • $112,500

      Land Near West Fowl River

      5.92 acre lot near Dauphin Island and West Fowl River.
      5250 Lossing Road, Coden, AL 36523
      View Details
    • $75,000

      Cleared Land Near Pottersville Bay

      Cleared lot near water with camper included.
      0 BARRETT Road, Coden, AL 36523
      View Details
    • $75,000

      Cleared Land Near Pottersville Bay

      Cleared lot with utilities near Pottersville Bay and Rolston Park.
      Barrett Road, Coden, AL 36523
      View Details
    • $112,500

      Secluded Land Near West Fowl River

      5.92 acre lot near West Fowl River.
      5250 Lossing Road, Coden, AL 36523
      View Details
    • $80,000

      Cleared Land Near Gulf Access

      5-acre lot near boat launches and Dauphin Island.
      Johnson Road, Coden, AL 36523
      View Details
    • $1,500,000

      Waterfront Business with Development Potential

      Two-story business with significant waterfront and development opportunities.
      16871 Dauphin Island Parkway, Coden, AL 36523
      View Details
    • $45,000

      Land Near Fowl River

      Level lot near Fowl River, ready for new construction.
      Cedar Point Road, Coden, AL 36523
      View Details
    • $29,900

      Land Ready for RV - Coden

      Undeveloped land near Dauphin Island, ready for RV living.
      3739 Washington Road, Coden, AL 36523
      View Details
    • $79,900

      Unrestricted Lot Near Dauphin Island

      1.9-acre lot with utilities, near Dauphin Island.
      16045 Williams Road, Coden, AL 36523
      View Details
    • $10,000

      Land Near Water Access

      0.1244-acre lot near boat launch and coastal destinations.
      1869 Cedar Creek Circle, Coden, AL 36523
      View Details

    FAQs

    What type of property is this?
    Land - 5+ Acre Corner Lot For Sale
    Where is this land located?
    The property is located at 15440 Dauphin Island Pkwy Coden, AL.
    What is the asking price?
    The asking price for this property is $92,500.
    (251) 694-5050
    We can help!
    Listing Contact
    Paul Salter
    Real Estate License ID: FL BK3105171
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!