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    15440 Dauphin Island Pkwy Coden, AL 36523

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $92,500

    Exceptional development opportunity near Dauphin Island.

    Property size:
    219,573 SF

    Property Features for 15440 Dauphin Island Pkwy

    General Information

    Property type
    Other land
    Square Feet
    219,573 SF
    Price / Square Foot
    $0.42
    Elevators
    N/A
    Lot Size
    219,542 SF

    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.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Prime 5+ acre corner lot in Coden, Alabama.
    • Exceptional development opportunity near Dauphin Island.
    • Convenient access to major roadways and nearby attractions.
    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
    State
    Alabama
    Longitude
    -88.111581
    Latitude
    30.367412

    Nearby Comparable

    • $1,500,000

      Waterfront Business Opportunity

      Two-story business with waterfront access and expansion potential.
      16871 Dauphin Island Pkwy, Coden, AL 36523
      View Details
    • $129,900
      11.70 Acres

      Waterfront Land in Coden, AL

      11.7+/- acres with direct waterfront on Heron Bayou.
      Johnson Rd, Coden, AL 36523
      View Details
    • $2,800,000
      3,669 SF

      Coden Waterfront Mixed-Use Property

      Prime Waterfront Business Opportunity: Endless Potential
      16871 Dauphin Island Pkwy, Coden, AL 36523
      View Details

    Nearby Similar for Sale

    • $150,000
      3.77 Acres

      Waterfront Acreage on Fowl River

      Cleared waterfront acreage on Fowl River to build your dream home.
      Pinetop Rd, Coden, AL 36523
      View Details
    • $1,500,000

      Waterfront Business Opportunity

      Two-story business with waterfront access and expansion potential.
      16871 Dauphin Island Pkwy, Coden, AL 36523
      View Details
    • $2,800,000
      3,669 SF

      Coden Waterfront Mixed-Use Property

      Prime Waterfront Business Opportunity: Endless Potential
      16871 Dauphin Island Pkwy, Coden, AL 36523
      View Details
    • Contact for pricing
      8,657 SF

      Move-In Ready Office Building

      Well-maintained office building with back-up generator in Coden, Alabama.
      5201 Rock Rd, Coden, AL 36523
      View Details

    FAQs

    What type of property is this?
    Land - Exceptional development opportunity near Dauphin Island.
    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.
    What are key features of this property?
    This property features: Prime 5+ acre corner lot in Coden, Alabama.; Exceptional development opportunity near Dauphin Island.; Convenient access to major roadways and nearby attractions.
    (251) 694-5050
    Request Owner's contact information
    15440 Dauphin Island Pkwy Coden, AL 36523
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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
    15440 Dauphin Island Pkwy Coden, AL 36523
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    We can help!
    Listing Contact
    Paul Salter
    (251) 694-5050
    Learn more
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